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The potential of remittance-linked insurance products in sub-Saharan Africa

May 26, 2020 | Cenfri

This note explores the potential of remittance-linked insurance products to improve the resilience of households in sub-Saharan Africa (SSA). Remittances are particularly important on the continent, yet insurance products that enable the sustained flow of remittances or the resilience of senders and receivers remain unexplored in SSA. This note outlines why remittance-linked insurance products are important, what forms they could take, the business case for such products and the regulatory challenges that still need to be overcome to enable the introduction of such products on the continent.