Now reading: Resilience & Insurance

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. 

Exploring insurtech
Digital Transformation & Data

Insurance regulation and innovation: An assessment of 8 African insurance markets

To support regulatory authorities in sub-Saharan Africa in promoting inclusive insurance market development, there is a need to strike a balance between innovation and the accompanying risks that arise. FSD Africa set up the Risk, Resilience and Regulatory Lab (R3Lab)  as a platform for capacity-building and peer exchange to assist regulators deliver on

24 November, 2022
Resilience & Insurance

What will it take to build innovative insurance markets in Sub-Saharan Africa?

Despite the best efforts of sub-Saharan African (SSA) insurers, most African citizens and small businesses do not yet have insurance. Our recent research in eight countries – Kenya, Ghana, Nigeria, Rwanda, Ethiopia, Zimbabwe, Uganda and Malawi – shows that more than two-thirds of these populations remain without any form of

6 October, 2022
Financial Inclusion

Demand-side analysis of medical schemes market in South Africa

In the early 2000s, South Africa achieved remarkable progress in the area of financial inclusion for lower-income households, specifically in the banking and, to a lesser degree, insurance markets. Limited progress had been made in expanding medical schemes (government’s chosen vehicle for private health financing) to more South Africans. While

28 July, 2009
Financial Inclusion

Microinsurance development in Zambia: A market and regulatory analysis

This 2009 study considers the opportunities and challenges for microinsurance development in Zambia. It develops a comprehensive understanding of the market on which strategies for the development of microinsurance in Zambia could be based. The analysis included a review of the demand-side, supply-side and regulatory dimensions of the microinsurance market

28 July, 2009
Financial Inclusion

Opportunities and challenges for the intermediation of microinsurance in South Africa

South Africa is faced with the challenge of extending insurance products to low-income individuals. At the time of the research the insurance sector had started to act upon this realisation by re-examining the insurance needs of low-income households. This change in focus was triggered by a number of factors, including

1 December, 2007
Financial Inclusion

Regulatory review of formal and informal funeral insurance markets in South Africa

The need to provide for funerals is one of the key drivers of financial behaviour for many South Africans and has led to a relatively sophisticated and widely accessed informal financial sector. Informal savings groups play an important role in mitigating the risks of low-income households and are often complemented

28 July, 2005
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