Governments and donors are increasingly recognising the potential of insurance and improved risk management to contribute to broader policy and development objectives. They do this, for example, through the de-risking of value chains to improve productivity, using data to predict and manage risks, supporting enterprises through improved risk management and supporting the development of capital markets to contribute to growth.
Our research explores the potential opportunities to contribute to these policy and development objectives through better risk management and insurance.
Some of the key questions we are exploring are:
Explore our work and contact us for more information.
Britam and M-TIBA receive Swiss Capacity Building Facility (SCBF) funding to scale up mobile-based health insurance Britam and M-TIBA have received funding from Zurich based SCBF for technical assistance to scale up a mobile health insurance solution offered by Britam and accessed on the M-TIBA mobile platform. The SCBF funding
A case study on Turaco and Fenix International in Uganda Generally, health insurance has a very low uptake across Africa. According to Finscope, 53% of Ugandan adults report experiencing a health risk in the last year but only 1.4% of adults have any kind of formal insurance. Ugandan insurtech Turaco created a hospital
Most Ugandans face insurable risks, yet uptake of insurance remains very low at only 1.4%. Innovations in global insurance markets have illustrated how insurance can be better designed, offer more affordably and thus provide better value for customers. Uganda enacted a new Insurance Act in 2018. This act expanded the
In many African countries, the potential for inclusive insurance markets is significant, however, this potential has yet to be fully realised. High entry barriers for new innovative players and regulation that may not effectively accommodate them are important contributing factors. The cell captive model has emerged as a way for entrepreneurs or organisations with an insurance business
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
Why supervising risk, rather than rules, matters when developing insurance markets A series of recent deep-dive studies across Nigeria, Kenya, Ghana and Rwanda have shown that insurance matters for sustainable development and growth in Africa. The studies have also identified the imperatives necessary to help ensure that insurance development happens
What can be done to unlock the role of insurers in developing African capital markets? Shortly after the onset of the COVID-19 pandemic, local currency portfolio outflows from emerging economies reached an unprecedented scale of more than USD100 billion. Although this pronounced shock was quite short-lived, capital was already in scarce supply in Africa: the total infrastructure
Unlocking the SME insurance market through a holistic approach to building resilience. I recently moved into an apartment above a popular Cape Town restaurant, the owner of which is also my landlord. Last week, the restaurant had a major leak that took a plumber three days to fix. Fixing a
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
Britam and M-TIBA receive Swiss Capacity Building Facility (SCBF) funding to scale up mobile-based health insurance Britam and M-TIBA have received funding from Zurich based SCBF for technical assistance to scale up a mobile health insurance solution offered by Britam and accessed on the M-TIBA mobile platform. The SCBF funding
A case study on Turaco and Fenix International in Uganda Generally, health insurance has a very low uptake across Africa. According to Finscope, 53% of Ugandan adults report experiencing a health risk in the last year but only 1.4% of adults have any kind of formal insurance. Ugandan insurtech Turaco created a hospital
Most Ugandans face insurable risks, yet uptake of insurance remains very low at only 1.4%. Innovations in global insurance markets have illustrated how insurance can be better designed, offer more affordably and thus provide better value for customers. Uganda enacted a new Insurance Act in 2018. This act expanded the
In many African countries, the potential for inclusive insurance markets is significant, however, this potential has yet to be fully realised. High entry barriers for new innovative players and regulation that may not effectively accommodate them are important contributing factors. The cell captive model has emerged as a way for entrepreneurs or organisations with an insurance business
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
Why supervising risk, rather than rules, matters when developing insurance markets A series of recent deep-dive studies across Nigeria, Kenya, Ghana and Rwanda have shown that insurance matters for sustainable development and growth in Africa. The studies have also identified the imperatives necessary to help ensure that insurance development happens
What can be done to unlock the role of insurers in developing African capital markets? Shortly after the onset of the COVID-19 pandemic, local currency portfolio outflows from emerging economies reached an unprecedented scale of more than USD100 billion. Although this pronounced shock was quite short-lived, capital was already in scarce supply in Africa: the total infrastructure
Unlocking the SME insurance market through a holistic approach to building resilience. I recently moved into an apartment above a popular Cape Town restaurant, the owner of which is also my landlord. Last week, the restaurant had a major leak that took a plumber three days to fix. Fixing a
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
