Egypt's President Al-Sisi to visit China, marking a decade of strategic partnership    Madinaty's inaugural Skydiving event boosts sports tourism appeal    El Fasher, Darfur: Hospital deaths mount as Sudan's civil war intensifies    Trump attacks critics, courts Arab American voters as election nears    Flexible financial system needed to accelerate SDGs in Africa: Al-Mashat at AfDB Annual Meeting    Russia to build Uzbek nuclear plant, the first in Central Asia    Egypt's PM visits Groupe SEB Egypt    Il Cazar Developments ventures into North Coast with 'Safia'    EU greenlights law to regulate methane in gas imports    East Asian leaders pledge trade co-operation    ECB set to cut rates, maintain restrictive policy for '24 – ECB's Lane    Gold prices rebound slightly on Monday    Abdel Ghaffar highlights health crisis in Gaza during Arab meeting in Geneva    Egypt aims to attract Dutch investments in green hydrogen sector    Tunisia's President Saied reshuffles cabinet amidst political tension    Hassan Allam Construction Saudi signs contract for Primary Coral Nursery in NEOM    Sushi Night event observes Japanese culinary tradition    US Embassy in Cairo brings world-famous Harlem Globetrotters to Egypt    Instagram Celebrates African Women in 'Made by Africa, Loved by the World' 2024 Campaign    US Biogen agrees to acquire HI-Bio for $1.8b    Egypt to build 58 hospitals by '25    Giza Pyramids host Egypt's leg of global 'One Run' half-marathon    Madinaty to host "Fly Over Madinaty" skydiving event    Coppola's 'Megalopolis': A 40-Year Dream Unveiled at Cannes    World Bank assesses Cairo's major waste management project    Egyptian consortium nears completion of Tanzania's Julius Nyerere hydropower project    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    Swiss freeze on Russian assets dwindles to $6.36b in '23    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Amal Al Ghad Magazine congratulates President Sisi on new office term    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Micro-insurance Covers 44.4 Mln Africans: Claudia Huber

Claudia Huber, member of the Advisory Committee of Access to insurance initiative and member of International Association of Insurance Supervisors (IAIS), said micro-insurance covers 44.4 million Africans against life risks, default on payment of loans and mortgage risks.
During her address at the 40th Conference of the African Insurance Organization (AIO), she revealed that micro-insurance sector in USA achieved premiums of US$ 46 million in 2011 and covers 33 million citizens.
She added that micro-insurance accounts for 1% of life insurance industry in Africa which accounts for 80% of the industry.
Micro-insurance covers 60% of people in South Africa, 27 million out of 30 million people in Tanzania, 90% of population in Uganda, Kenya, Zimbabwe and Ethiopia. The sector achieved 250% growth rate from 2009 to 2011. Western Africa seizes 52% of micro-insurance sector.

Clic here to read the story from its source.