The landscape of microinsurance in Africa

This study compiles data on microinsurance providers, products and distribution channels, together with general insurance quantitative data and market trends. It argues that disaster microinsurance could in principle substantially increase welfare by offering people a way to smooth out the worst years. The study also includes a high-level overview of regulatory development, and regional data integrated throughout. Thus, the study addresses the needs of various stakeholders.

This study is the fourth regional landscape study. The specific objectives of this landscape study are threefold: (i) Describe the general state of and recent trends in microinsurance in Africa; (ii) Identify gaps in access to and supply of microinsurance; and (iii) Identify key bottlenecks to dramatically expanding a viable and sustainable microinsurance sector in Africa. This landscape study is aimed at helping all parties identify areas for improvements that will eventually lead to better products and services for low-income clients.