{"id":22661,"date":"2025-09-22T09:43:12","date_gmt":"2025-09-22T09:43:12","guid":{"rendered":"https:\/\/www.afis.africa\/sb_session\/cracking-the-code-on-expanding-insurance-to-the-informal-sector\/"},"modified":"2025-10-21T15:50:27","modified_gmt":"2025-10-21T15:50:27","slug":"cracking-the-code-on-expanding-insurance-to-the-informal-sector","status":"publish","type":"sb_session","link":"https:\/\/www.afis.africa\/en\/sb_session\/cracking-the-code-on-expanding-insurance-to-the-informal-sector\/","title":{"rendered":"Cracking the code on expanding insurance to the informal sector"},"content":{"rendered":"<p>Embedded insurance on mobile money and banking apps holds vast potential to expand access to health, crop, and personal accident cover for informal workers, 83% of Africa\u2019s workforce. While partnerships are growing in the space, insurers are still grappling with tech integration hurdles, data gaps on informal sector risks, pricing strategies for a segment with irregular incomes, and complex multi-regulator compliance with central banks, insurance, and telco regulators. Banks and telcos are meanwhile questioning if the revenue potential outweighs the implementation effort. What critical moves will enable embedded insurance to transform Africa\u2019s sub-3% insurance penetration rate?\u00a0<\/p>\n<p><strong>Key points:\u00a0<\/strong><\/p>\n<ul>\n<li>Increased uptake and retention: Have embedded products to date met financial inclusion and profit expectations?<\/li>\n<li>Product design and tech integration: Deepening data on informal sector needs, and streamlining integration with or without insurtech intermediaries<\/li>\n<li>Harmonised oversight: Achieving convergence on embedded finance across regulators \u00a0<\/li>\n<\/ul>\n","protected":false},"featured_media":0,"template":"","evenement-salon":[133],"class_list":["post-22661","sb_session","type-sb_session","status-publish","hentry","evenement-salon-133"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cracking the code on expanding insurance to the informal sector - The African Financial Summit Platform<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.afis.africa\/en\/sb_session\/cracking-the-code-on-expanding-insurance-to-the-informal-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cracking the code on expanding insurance to the informal sector - The African Financial Summit Platform\" \/>\n<meta property=\"og:description\" content=\"Embedded insurance on mobile money and banking apps holds vast potential to expand access to health, crop, and personal accident cover for informal workers, 83% of Africa\u2019s workforce. While partnerships are growing in the space, insurers are still grappling with tech integration hurdles, data gaps on informal sector risks, pricing strategies for a segment with [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.afis.africa\/en\/sb_session\/cracking-the-code-on-expanding-insurance-to-the-informal-sector\/\" \/>\n<meta property=\"og:site_name\" content=\"The African Financial Summit Platform\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-21T15:50:27+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.afis.africa\\\/en\\\/sb_session\\\/cracking-the-code-on-expanding-insurance-to-the-informal-sector\\\/\",\"url\":\"https:\\\/\\\/www.afis.africa\\\/en\\\/sb_session\\\/cracking-the-code-on-expanding-insurance-to-the-informal-sector\\\/\",\"name\":\"Cracking the code on expanding insurance to the informal sector - The African Financial Summit Platform\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.afis.africa\\\/fr\\\/#website\"},\"datePublished\":\"2025-09-22T09:43:12+00:00\",\"dateModified\":\"2025-10-21T15:50:27+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.afis.africa\\\/en\\\/sb_session\\\/cracking-the-code-on-expanding-insurance-to-the-informal-sector\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.afis.africa\\\/en\\\/sb_session\\\/cracking-the-code-on-expanding-insurance-to-the-informal-sector\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.afis.africa\\\/en\\\/sb_session\\\/cracking-the-code-on-expanding-insurance-to-the-informal-sector\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.afis.africa\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Cracking the code on expanding insurance to the informal sector\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.afis.africa\\\/fr\\\/#website\",\"url\":\"https:\\\/\\\/www.afis.africa\\\/fr\\\/\",\"name\":\"The African Financial Summit Platform\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.afis.africa\\\/fr\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.afis.africa\\\/fr\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.afis.africa\\\/fr\\\/#organization\",\"name\":\"The African Financial Summit Platform\",\"url\":\"https:\\\/\\\/www.afis.africa\\\/fr\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.afis.africa\\\/fr\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.afis.africa\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/cropped-AFIS-1-1.jpg\",\"contentUrl\":\"https:\\\/\\\/www.afis.africa\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/cropped-AFIS-1-1.jpg\",\"width\":529,\"height\":191,\"caption\":\"The African Financial Summit Platform\"},\"image\":{\"@id\":\"https:\\\/\\\/www.afis.africa\\\/fr\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Cracking the code on expanding insurance to the informal sector - The African Financial Summit Platform","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.afis.africa\/en\/sb_session\/cracking-the-code-on-expanding-insurance-to-the-informal-sector\/","og_locale":"en_US","og_type":"article","og_title":"Cracking the code on expanding insurance to the informal sector - The African Financial Summit Platform","og_description":"Embedded insurance on mobile money and banking apps holds vast potential to expand access to health, crop, and personal accident cover for informal workers, 83% of Africa\u2019s workforce. 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