Africa has a significant untapped microinsurance market it is estimated that less than 30% of low-income adults in South Africa have any form of insurance, while in the rest of Africa the untapped market for microinsurance could be as much as 40% of the adult population. African insurance markets (excluding South Africa) typically contribute no more than 2% of GDP and serve less than 5% of the population.

However, research suggests that the microinsurance market could generate premiums of up to US$40 billion. Over the last decade, insurers, NGOs, MFIs and community organisations have launched microinsurance programmes across several product lines and markets. This in turn is reducing the vulnerability of low-income individuals and protects their income streams, helping to improve social stability and broad-based economic development.

IIR’s second annual Microinsurance conference will highlight the latest market developments in this rapidly growing sector. We have brought together local and international experts who will explore how commercial insurers, MFIs and NGOs can take advantage of the significant potential for offering insurance to low-income individuals.

Hear from leading insurers including Allianz Africa, Munich Re, Hollard, Mutual & Federal, Old Mutual, JDG Insurance and Guardrisk Life, plus two international case studies from CIC Insurance and UAP in Kenya.

Attend this event and discover how to launch a microinsurance product or how to expand your existing microinsurance offering to a wider market

For more Information and Registration, click here to download the brochure: Micro Insurance Brochure