Browsing: Digital insurance technologies

Insurance Technology (InsurTech) is swiftly gaining much-deserved traction in Africa, as it has long remained in the shadows of other lucrative sectors. 

This is despite its significance as a major contributor to the continent’s economic development which cannot be undermined. Africa is steadily emerging as a potential insurtech hotspot for startups.  

In 2020, the African insurance market reached a value of US$70 billion, with a projected compound annual growth rate (CAGRs) of around 7% between 2021 and 2025, according to McKinsey and Company. This is nearly twice as fast as North Ameri...

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