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Programme

Insurance market development

January 2016 - December 2021

A healthy insurance industry plays a pivotal role in supporting and sustaining inclusive economic growth. Insurance minimises the risks associated with economic activity and household vulnerability, and enables the effective allocation of risk in the broader economy.

The Insurance Market Development programme is one part of a 5-year joint initiative between FSD Africa and specialist think-tank Cenfri, called Risk, Remittances and Integrity (RRI). This research-focused programme aims to catalyse insurance market development by building a strong evidence base to inform and influence more effective policy frameworks.

Key research themes include insurance for growth, support to regulators to adapt to changing environments, insurtech, and the catalysing of product innovation.

Targets:

Grow and deepen the insurance market by strengthening the capacity of industry and regulatory actors and creating more responsive and effective policy and regulatory frameworks. As a result of the programme, we aim to reach 100,000 low-income households with insurance cover.