How are insurance regulators in sub-Saharan Africa being affected by, and responding to, COVID-19?

COVID-19 has had – and continues to have – a major effect on all parts of society.

The insurance sector has been placed under the spotlight as providers and regulators grapple with finding a balance between stepping up and providing respite to policyholders through claims and the need to maintain prudential soundness. 

This note outlines our key learnings on the impact of COVID-19 on insurance markets across sub-Saharan Africa (SSA) as it relates specifically to insurance regulators. We focused on the following pertinent questions:

And engaged with: