Now reading: Strengthening financial integrity through inclusion

Resilience & Insurance


Cenfri has deep insurance expertise from working with the insurance markets in Africa, Latin America and Asia. Insurance penetration in these markets is often low and we understand the need for responsible market innovation so that insurance fulfils its optimal role in building resilience, supporting business growth, and contributing to broader policy and development objectives.

The breadth of Cenfri’s insurance and resilience work spans diagnostic studies, development of global and regional standards and national regulations, technical assistance and innovation support (to regulators and the private sector), innovation studies, MSME-tailored resilience solutions, improved risk management in response to climate-related events, and definitive work on cell captives.

Our partners include GIZ, Access to Insurance Initiative (A2ii), the UK’s FCDO (formerly DFID), the FSD Africa and other financial sector deepening trusts, the Swiss Capacity Building Fund, FSCA, Hollard, Santam, Old Mutual, AXA, Britam, Generali, the Microinsurance Network, UNCDF, UNDP, The World Bank, IFC, IADB and ADB. 

Strengthening financial integrity through inclusion
Financial Integrity & Identity

Strengthening financial integrity through inclusion

How proof of address fell In our financial integrity work, we found that in the wake of global efforts to curb money laundering and combat the financing of terrorism (AML-CFT), financial integrity often came at the cost of financial inclusion.   The requirement for financial service providers to undertake know-your-customer (KYC) and customer due diligence (CDD)

Read More »
Resilience & Insurance

Upscaling mobile-based health insurance in Kenya

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

Read More »
The complexity of partnering to provide microinsurance
Resilience & Insurance

The complexity of partnering to provide microinsurance

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

Read More »
Building resilience against flooding in urban areas
Resilience & Insurance

Building resilience against flooding in urban areas

Flooding in urban areas across Africa is on the rise. The continent needs to implement risk-management techniques to ensure its cities are resilient to climate change and the devastation it can cause. This article explores possible ways Africa can build resilience against flooding in urban areas. Across Africa the annual

Read More »
Opportunities and challenges to innovation in the Ugandan insurance market
Governance, Policy & Regulation

Opportunities and challenges to innovation in the Ugandan insurance market

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

Read More »
The case for insurance innovators to consider the cell captive regulatory model
Digital Transformation & Data

The case for insurance innovators to consider the cell captive regulatory model

 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

Read More »
COVID-19 is catalysing insurance innovation in Africa, but there is more at stake
Resilience & Insurance

COVID-19 catalyses insurance innovation

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

Read More »
Insurers: It’s about risk rather than rules
Resilience & Insurance

Insurers: It’s about risk rather than rules

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

Read More »
Holistic interventions for MSME resilience 
MSMEs, Ecosystems & Economic Opportunity

Holistic interventions for MSME resilience 

A guidebook using nine Asian countries (Cambodia, India, Laos, Mongolia, Myanmar, the Philippines and Vietnam) under the GIZ Integrated Climate and Disaster Risk Management Framework.  Micro-, small- and medium-sized enterprises (MSMEs) form the backbone of many economies globally. They contribute considerably to economic growth, employment and innovation. The IFC estimates that MSMEs account

Read More »
Strengthening financial integrity through inclusion
Financial Integrity & Identity

Strengthening financial integrity through inclusion

How proof of address fell In our financial integrity work, we found that in the wake of global efforts to curb money laundering and combat the financing of terrorism (AML-CFT), financial integrity often came at the cost of financial inclusion.   The requirement for financial service providers to undertake know-your-customer (KYC) and customer due diligence (CDD)

Resilience & Insurance

Upscaling mobile-based health insurance in Kenya

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

The complexity of partnering to provide microinsurance
Resilience & Insurance

The complexity of partnering to provide microinsurance

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

Building resilience against flooding in urban areas
Resilience & Insurance

Building resilience against flooding in urban areas

Flooding in urban areas across Africa is on the rise. The continent needs to implement risk-management techniques to ensure its cities are resilient to climate change and the devastation it can cause. This article explores possible ways Africa can build resilience against flooding in urban areas. Across Africa the annual

Opportunities and challenges to innovation in the Ugandan insurance market
Governance, Policy & Regulation

Opportunities and challenges to innovation in the Ugandan insurance market

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

The case for insurance innovators to consider the cell captive regulatory model
Digital Transformation & Data

The case for insurance innovators to consider the cell captive regulatory model

 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

COVID-19 is catalysing insurance innovation in Africa, but there is more at stake
Resilience & Insurance

COVID-19 catalyses insurance innovation

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

Insurers: It’s about risk rather than rules
Resilience & Insurance

Insurers: It’s about risk rather than rules

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

Holistic interventions for MSME resilience 
MSMEs, Ecosystems & Economic Opportunity

Holistic interventions for MSME resilience 

A guidebook using nine Asian countries (Cambodia, India, Laos, Mongolia, Myanmar, the Philippines and Vietnam) under the GIZ Integrated Climate and Disaster Risk Management Framework.  Micro-, small- and medium-sized enterprises (MSMEs) form the backbone of many economies globally. They contribute considerably to economic growth, employment and innovation. The IFC estimates that MSMEs account