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Millions of low-income households and small businesses across Africa still have no insurance, leaving them vulnerable to climate change, natural catastrophes, food insecurity, accidents, illness and untimely death. The Landscape of Microinsurance in Africa 2018: focus on selected countries, launched today at the 15th International Conference on Inclusive Insurance in Dhaka, Bangladesh, is based on data collected on the microinsurance activities of 100 insurers in Africa in 2017. Through their microinsurance activities, these insurers collectively covered a total of 15 million lives — almost 2% of the estimated 700 million people in the low-income bracket in the continent[1] —and brought in total premiums of US$ 420 million, representing less than 1% of overall insurance premiums in...
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