Cenfri is concerned about the global economic and health outcomes of the Coronavirus pandemic. We are continuing to work with partners and other organisations to better understand the impact of COVID-19, with a focus on the following areas:
This work aims to support policymakers and regulators, central banks, the private sector and others in the mutual efforts to improve resilience and encourage recovery in developing countries.
Kigali, Rwanda, 2 June 2021: Today, the Ministry of ICT and Innovation in Rwanda, Cenfri, and the Mastercard Foundation have signed a tripartite Memorandum of Understanding to kick-off an ambitious three-year digital transformation programme in Rwanda aiming at harnessing Rwanda’s big data to enhance the Government’s digital capabilities and systems. Building
But in Africa, there is more at stake A key imperative identified by our deep-dive studies across four sub-Saharan African countries was that for the insurance sector to contribute to sustainable development, policymakers and regulators need to take a more active role in leading and enabling innovation in their markets. Never has this imperative been truer than now – as the world is
The versatile proportionate risk assessment tool developed by The International Actuarial Association For effective risk-based financial management and supervision, individuals and organisations need to identify the key risks before they can be managed or supervised. To assist with this in areas where actuarial skills are limited, a practical risk assessment tool has been developed by the International Actuarial Association (IAA)’s Inclusive Insurance (previously Microinsurance) Working Group. This
The COVID-19 pandemic has shone a light on the need for the African insurance sector to demonstrate its critical role in supporting people and businesses. The pandemic has been the most severe risk event in Africa in years, but many insurers have not delivered on their promise. If the sector
The COVID-19 pandemic and the accompanying containment and mitigation measures have affected and disrupted the operations of industries around the globe. This report explores the impact of COVID-19 on the Rwanda insurance sector Rwanda was the first African country to implement a national lockdown to curb the spread of COVID-19. Lockdown measures included the closure and suspension
How can we strengthen female resilience in a COVID-19 context? The COVID-19 pandemic and related measures are affecting women’s lives disproportionately and differently to those of men. This is due to several reasons; generally, women earn less, hold less secure jobs, and are more likely to be employed in the
Which factors will shape the future of sub-Saharan African economies? According to the World Economic Forum, three emerging mega trends will shape Africa’s economic future in a post-COVID-19 world: de-globalisation, digitalisation and debt sustainability [1]. When looking at the market and policy responses across the continent, it becomes clear that
Guidance for regulators, financial service providers and market facilitators Globally, millions of people are excluded from accessing the formal financial services that meet their needs. This is at least partly due to the way the Financial Action Task Force (FATF) recommendations are implemented by countries, and customers needing to provide
In the midst of increasing uncertainty resulting from the COVID-19 pandemic, insurance regulators still need to ensure that they fulfil their core mandates of market stability, consumer protection and (in some cases) insurance market development. The COVID-19 pandemic has affected and disrupted the everyday operations of insurance supervisors – forcing them to adapt and
COVID-19 is leaving no country unaffected. For the development community and national policymakers, this creates a clear imperative: Wield whatever tools will be most effective to provide immediate relief and, more importantly, support longer-term adaptation to break the downward spiral. But this is easier said than done in sub-Saharan Africa
Kigali, Rwanda, 2 June 2021: Today, the Ministry of ICT and Innovation in Rwanda, Cenfri, and the Mastercard Foundation have signed a tripartite Memorandum of Understanding to kick-off an ambitious three-year digital transformation programme in Rwanda aiming at harnessing Rwanda’s big data to enhance the Government’s digital capabilities and systems. Building
But in Africa, there is more at stake A key imperative identified by our deep-dive studies across four sub-Saharan African countries was that for the insurance sector to contribute to sustainable development, policymakers and regulators need to take a more active role in leading and enabling innovation in their markets. Never has this imperative been truer than now – as the world is
The versatile proportionate risk assessment tool developed by The International Actuarial Association For effective risk-based financial management and supervision, individuals and organisations need to identify the key risks before they can be managed or supervised. To assist with this in areas where actuarial skills are limited, a practical risk assessment tool has been developed by the International Actuarial Association (IAA)’s Inclusive Insurance (previously Microinsurance) Working Group. This
The COVID-19 pandemic has shone a light on the need for the African insurance sector to demonstrate its critical role in supporting people and businesses. The pandemic has been the most severe risk event in Africa in years, but many insurers have not delivered on their promise. If the sector
The COVID-19 pandemic and the accompanying containment and mitigation measures have affected and disrupted the operations of industries around the globe. This report explores the impact of COVID-19 on the Rwanda insurance sector Rwanda was the first African country to implement a national lockdown to curb the spread of COVID-19. Lockdown measures included the closure and suspension
How can we strengthen female resilience in a COVID-19 context? The COVID-19 pandemic and related measures are affecting women’s lives disproportionately and differently to those of men. This is due to several reasons; generally, women earn less, hold less secure jobs, and are more likely to be employed in the
Which factors will shape the future of sub-Saharan African economies? According to the World Economic Forum, three emerging mega trends will shape Africa’s economic future in a post-COVID-19 world: de-globalisation, digitalisation and debt sustainability [1]. When looking at the market and policy responses across the continent, it becomes clear that
Guidance for regulators, financial service providers and market facilitators Globally, millions of people are excluded from accessing the formal financial services that meet their needs. This is at least partly due to the way the Financial Action Task Force (FATF) recommendations are implemented by countries, and customers needing to provide
In the midst of increasing uncertainty resulting from the COVID-19 pandemic, insurance regulators still need to ensure that they fulfil their core mandates of market stability, consumer protection and (in some cases) insurance market development. The COVID-19 pandemic has affected and disrupted the everyday operations of insurance supervisors – forcing them to adapt and
COVID-19 is leaving no country unaffected. For the development community and national policymakers, this creates a clear imperative: Wield whatever tools will be most effective to provide immediate relief and, more importantly, support longer-term adaptation to break the downward spiral. But this is easier said than done in sub-Saharan Africa
