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. |
Traditionally, actuaries find themselves poring over mortality tables and calculating complicated risks with limited data, particularly in emerging markets. With the advent of the fourth industrial revolution, this is changing. The world seems to be revolving around data. Data is making our lives more convenient. We have fridges that order
The past decade has seen the emergence of digital platforms. These digital platforms (also known as multi-sided platforms[1]) connect buyers and sellers of goods and services and allow them to seamlessly transact with one another. They are providing new ways for workers, micro, small and medium enterprises (MSMEs), and consumers
The role of insurance regulators in dealing with risks relating to consumer data protection and privacy Data innovation is challenging the traditional role of insurance regulators. Two major dilemmas emerge that insurance regulators and indeed all financial sector regulators face when confronted with how to regulate consumer data: They must
8 trends that will shape the future of microinsurance As Cenfri and the ILO’s Impact Insurance Facility turn 10, they reflect on the last decade of microinsurance and identify eight trends that will shape its future over the decade. This work forms part of the Risk, Remittances and
How different types of alternative and traditional client data solve key challenges in inclusive insurance provision This publication adds depth to the discussion of the use of client data in inclusive insurance provision, by examining the specific applications of different types of data to different key insurance activities. The explosion
Last week, Cenfri was in Brussels to present at the BRS microfinance lunch on what we deem to be the holy grail of microinsurance – voluntary take-up (something highly desirable but very hard to achieve). The BRS microfinance lunch is a semi-annual series that provides an opportunity for the KBC
I recently participated in a panel at the IAIS Global Seminar in Moscow where a regulator from the audience asked a very relevant question: Given the scale of technological change in my market, how do I still ensure effective regulation? It is a question we’re increasingly hearing from financial sector regulators and
During the parliamentary hearings on financial sector transformation last year, there was a strong sense of urgency for radical transformation. In the insurance industry, some targets have been met, but others are still lagging behind. Can cell captives help to drive a more transformed insurance market? And if so, what
The housing shortfall in Africa is immense. For instance, the World Bank (2017) estimates that across eight countries in West Africa about 800,000 new housing units are needed every year to address the housing shortages. Yet, banks in these countries collectively only issue 15,000 new mortgages per year. Similar shortages
