The global insurance industry faces a $1.8 trillion protection gap – the difference between insured and uninsured losses across health, life, crop and catastrophe coverage. In Africa, this divide is even more pronounced. Insurance penetration remains below 3% of GDP across the continent, and most Africans have little to no coverage in the event of disaster, illness…
More than 500 insurance leaders weigh in on risks, opportunities and trends to watch through 2040 The global protection gap – the difference between insured and uninsured losses across life, health, natural catastrophe and crop insurance – was last estimated at $1.8 trillion. A new “future of insurance” survey of more than 500 insurance executives from 17…
An Interview with Peace Okhianmhense-Philips– Chief Digital Officer, Heirs Insurance Group In 2025, Africa’s insurtech landscape is poised for a transformative leap, driven by rapid technological advancements and a burgeoning demand for accessible insurance solutions. The continent’s insurance market, valued at approximately USD 92.9 billion in 2024, is projected to reach USD 160.9 billion by…