Microinsurance across the globe enjoys growing interest from a variety of stakeholders, and related activities have multiplied in recent years. This study aims at providing an overview of the status and dynamics of the industry in Africa. Thus far, three large-scale landscape studies have been conducted on the state of microinsurance: the Landscape of Microinsurance in the World’s 100 Poorest Countries (Roth, et al, 2007), the Landscape of Microinsurance in Africa (Matul, et al, 2010), and the Landscape of Microinsurance in Latin America and the Caribbean (McCord, et al, 2012).
The present study jointly published by the Munich Re Foundation and Making Finance Work for Africa aims at updating and expanding on the 2010 Africa landscape study. For the first time, this study will include an analysis of the dynamics of microinsurance in Africa. The study was supported by the African Development Bank, ILO’s Microinsurance Innovation Facility and the Microinsurance Network.