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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
Opportunities for remittance-linked insurance products in SSA
Payments & Remittances

Opportunities for remittance-linked insurance products in SSA

A demand-side perspective of the risk management and resilience needs of remittance senders from South Africa to Ghana, Malawi and Zimbabwe   Remittance-linked insurance products (RLIPs) are insurance products distributed by remittance service providers. These products have great potential to positively impact livelihoods in sub-Saharan Africa. They cover the risks of

22 January, 2022
MSME resilience in Ghana
MSMEs, Ecosystems & Economic Opportunity

MSME resilience in Ghana

In sub-Saharan Africa (SSA), micro, small and medium enterprises (MSMEs) make vital contributions to growth, employment and livelihoods, representing more than 90% of businesses and employing about 60% of workers.  However, the full potential of MSMEs is often not realised as they are highly exposed to risks that threaten their

15 December, 2021
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)

7 December, 2021
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

23 November, 2021
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

19 November, 2021
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

11 October, 2021
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

15 June, 2021
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

3 May, 2021
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