Collaborative effort to drive change in East Africa’s Insurance market
Tag: African insurance industry
Millennials will drive the growth of insurance in Africa
The insurance industry in Africa is undergoing significant transformation, marked by evolving consumer needs, technological advancements, and shifting demographics. Among the most influential demographic groups driving this change is the Millennials generation, born between 1982 and 1994. According to market research firm, IMARC Group, the African insurance industry is expected to grow by 6.3% between 2024 and 2032, after reaching US$ 87.4 billion by 2023.
The insurance industry comes under fire as the cost-of-living crisis increases
The world is currently facing one of the harshest economic climates experienced since the 2008 Global Financial Crisis, one of the worst financial crises in modern history. This raises concerns that more people may turn to fraud to address the financial pressure they are experiencing.
MyCover.ai Secures $1.25M Pre-Seed Funding
Ventures Platform leads venture financing for Africa’s top digital insurance infrastructure provider.