As climate change and the pandemic have bought the importance of microinsurance to the fore in recent years, the Landscape of Microinsurance has proved a vital barometer on the development of the sector. With 253 insurance providers reporting on 935 products in 34 countries across Africa, Asia, Latin America and the Caribbean, the 2023 study is the most comprehensive to date.

The 2018 Landscape of Microinsurance in Africa is based 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 — and brought in total premiums of US$ 420 million, representing 1% of overall insurance premiums in Africa.