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How are insurers in sub-Saharan Africa being affected by and responding to COVID-19

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As a result of the COVID-19 pandemic, FSD Africa and Cenfri are focusing some of their research on how insurance markets across SSA are responding to the crisis.

- Many insurers are experiencing or will experience challenges to their operations and business models, resulting from COVID-19 and limitations due to social distancing and lockdowns and, perhaps, significant increases in claims.

- However, some insurers are seeing increasing interest in insurance products. As such, this crisis is in some ways an opportunity for insurers and insurance products to demonstrate their relevance and ability to have a real impact during a crisis. 

This document presents the preliminary insights from the calls with insurers across sub-Saharan Africa to discuss how the pandemic has affected their internal and external business operations and how they have responded thus far. 

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