This study reports on the latest activities and current state of microinsurance in Africa, as identified by the latest regional landscape study, as part of the Microinsurance Network’s World Map of Microinsurance Programme. The 2014 data presented in this publication were collected from over 200 microinsurance providers representing all 36 of 54 African countries where microinsurance is available. In aggregate, these institutions generated a total of USD 756 million in microinsurance gross written premiums in 2014. In terms of outreach, 61.8 million people, or 5.4% of the total regional population was identified as being covered by some type of microinsurance product.
The study aims to provide a comprehensive understanding of the environment in which both microinsurance and traditional insurers operate, in order to promote sustainability of the microinsurance sector in Africa. With a focus on the needs of insurers, this report is intended as a tool which offers valuable and actionable market intelligence of emerging trends and highlights vibrant shifts in the various markets throughout the region.
|Date of publication: || ||2016 |
|Language: || ||English |