Insurance
Deepening insurance penetration among informal workers
The country’s insurance market penetration (gross premiums as a share of GDP) sits at approximately 1%, despite the presence of over 50 licenced insurers and reinsurers. While this trails the broader African average, the National Insurance Commission (NIC) and industry stakeholders are driving reforms to boost coverage through microinsurance, digital platforms and enforcement of regulatory […]
The post Deepening
Business and Financial Times
5 hours ago
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