07.12.2020 | Newsletters
Welcome! In this newsletter, we provide you with updates on the work of the Initiative, events and publications, and experiences and learning on inclusive insurance regulation and supervision across
30.11.2020 | Articles
by Pascale Lamb, A2ii and Tom Herbstein, UK’s Department for International Trade (DIT) Delivering financial inclusion is a core principle of the Sustainable Development Goals (SDGs) given its role in
30.11.2020
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Pascale Lamb, Tom Herbstein |
InsurTech, Sub-Saharan Africa, Supervisory Dialogue
Delivering financial inclusion is a core principle of the Sustainable Development Goals (SDGs) given its role in eradicating poverty. Africa is particularly impacted, given that half of the population is without access to formal financial services. Access to bank accounts hovers at 40%, while insurance accounts for just 3% of GDP, against a global average of 7%.
However, recent technological developments have led to the financial system becoming more accessible, to low-income populations than ever before. Across Sub-Saharan Africa, for example, the growth of mobile penetration rates has risen to over 43%, providing a crucial platform for the digital expansion of financial services.
Tom Herbstein
Tom is the Insurance Prosperity Specialist at the UK’s Department for International Trade (DIT). He works at the overlap between the UK's international development, and trade agendas. His specific areas of focus include financial services technology, disaster risk financing, and climate resilience. Tom co-leads Tech for Growth, a cross-government programme aimed at enhancing the role of technology in deepening access to financial services across emerging economies.
09.11.2020 | Newsletters
Welcome! In this newsletter, we provide you with updates on the work of the Initiative, events and publications, and experiences and learning on inclusive insurance regulation and supervision across
Janina Voss
Janina led the A2ii’s work on actuarial capacity building for supervisors and as well as the Initiative’s Capacity Building Strategy until 2024. Before joining the A2ii in 2015, Janina worked as Financial Systems Development Advisor at GIZ for five years with a focus on developing and monitoring technical assistant projects in the field of insurance. Janina is a political scientist and economist by training.
09.11.2020
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A2ii Editorial Team, Carolyn Barsulai, Janina Voss |
Asia, Caribbean, Risk based capital, Sub-Saharan Africa, Supervisory Dialogue
Around the world, countries are transitioning their insurance markets to more risk-based capital (RBC) regimes to ensure that insurers have sound financial positions and hold adequate levels of capital. This, in turn, enables the insurance sector to withstand shocks, continue to operate and pay policyholders’ claims. The Global Financial Crisis taught us this lesson; the Covid-19 pandemic is a harsh reminder.
