Reinventing insurance: Acclimatising to a digital and green Africa

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Reinventing insurance: Acclimatising to a digital and green Africa
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  

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