Opportunities are emerging for Africa’s insurers and reinsurers as the continent strives to become more digitally connected and climate resilient. Mobile money and internet expansion are creating paths for smartphone-enabled microinsurance, farmer crop protection, coverage for recently banked SMEs and corporate cyber risk cover. With $2.8 trillion of climate finance needed between 2020-2030, prospects to underwrite renewable energy and climate-proof infrastructure projects are also rising. How can African insurers enhance capacity, collaborate with insurtech, and boost technical know-how to win new business in a digital and green Africa?

Key points

What are the new frontiers for African insurance and can local insurers compete?
How should regulation adapt to evolving insurance sub-sectors and technologies?
Understanding risks in emerging segments: Leveraging AI and the keys to tech partnerships