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THE LANDSCAPE OF MICROINSURANCE IN AFRICA

Microinsurance Innovation Facility

The ILO's Microinsurance Innovation Facility would like to thank you very much
for responding to our survey 'The Landscape of Microinsurance in Africa'. We are
happy to let you know that an 8-page summary of key results is available at:
http://www.ilo.org/public/english/employment/mifacility/publ/brnotes.htm. The
full report will be available in February 2010 and we will inform you as soon as
it is online. As mentioned earlier the data you shared with us stays
confidential. However, we would like to request if you would agree to list your
organization name and the number of lives you covered in 2008 in the full
report. If we do not hear from you in the next 3 weeks, we will assume that you
have nothing against it.
 
Microinsurance is growing and expanding throughout Africa. Led by the ILO's
Microinsurance Innovation Facility and the MicroInsurance Centre, this study
identified over fourteen million low-income people in Africa who were covered by
microinsurance at the end of 2008. The outreach almost doubled over the last 4
years. Even with such growth, there are clearly significant gaps. Substantial
parts of the continent remain almost barren of microinsurance. Health,
agriculture and property covers, all significantly in need by the low-income
market, are evident as a mere fraction of life insurance coverage. This study
provides a detailed picture of microinsurance in Africa and discusses challenges
in the years to come in order to facilitate broader, high-quality expansion.

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