Author(s)
Year
Title
Key Words
Methodology
Key Findings
Malambo, M.
2022
The Empirical Evaluation of the Uptake of Insurance Products in the Sub-Saharan Africa
Insurance Products, Low Insurance Uptake, Botswana, Insurance Framework, Insurance and Economy
The researcher used a survey design approach by administering sample questionnaires to various respondents.
The main contributor to low insurance uptake in the Sub Sharan Africa was poverty, lack of income and product knowledge in addition to inadequate sensitization by the regulator, the Non-Bank Financial Regulatory Authority in Botswana
Shewamene, Z. et al.
2021
Barriers to uptake of community-based health insurance in Sub-Saharan Africa: a systematic review
Community-based health insurance; enrolment; renewal; Sub-Saharan Africa
Systematic Literature review
The major finding was lack of awareness about the importance of health insurance, socio-economic factors, health beliefs, lack of trust towards scheme management, poor quality of health services, perceived health status and limited health benefit entitlements were reported as barriers that affect enrolments into CBHI and membership renewals
Ben Kajwang
2020
Factors influencing the low penetration of insurance services in Africa
Penetration of Insurance Services, Insurance, Economic Expansion
A systematic literature review was used a methodology
Lack of funds, mistrust amongst insurers, superiority complex by multinational insures which do not want to invest firms to invest in Africa, lack of reliable information, poor legal and judicial systems, lack of qualified and experienced personnel, are some of the reasons for low insurance penetration in Africa
Musonda, M., & Chowa, T.
2022
The Barriers and Facilitators of Life Insurance Uptake—A Study of Kalumbila Mining Community
Life Insurance, Awareness, Employee Benefits, Education
Mixed method was used but mostly a survey suing a question as a data collection method
26.3% of the population of Kalumbila mines obtained insurance through insurance agents, media and internet and other factors such as religion and level of education, did not have any influence on the uptake of life insurance within the community
Haamukwanza, L. C.
2021
To insure or not to insure—the role that government and insurance practice should play: a thematic comparison of the urban poor and the workers in the pensions and insurance industry
Insurance purchase decision-making Urban poor Themes Workers in the pensions and insurance industry Government Insurance practice
A mixed research paradigm using a semi structured questionnaire, were used for data collection
Financial literacy levels, Poor quality of service and stringent regulatory requirements, were the main contributing factors to the low level of insurance uptake of insurance products in Zambia
2021
Capturing Africa’s insurance potential for shared prosperity. Focus in Africa, 2 July
Insurance, penetration, micro insurance
Systematic literature review
Insurance penetration is influenced by financial stability, mobilization of resources and encouraging trade
Hafiz, A. U., Salleh, F., & Garba, M.
2021
A Theoretical Basis for Innovation, Institutions and Insurance Penetration Nexus
Insurance, innovation, Penetration, Economies
A systematic literature review was used as a method for data collection
interaction between institutions and innovation could likely trigger insurance uptake
Kayula, M., Odoyo, O. C., & Sichinsambwe, C.
2022
Effects of Crop Insurance and Finance on Small-Scale Maize Productivity in Zambia
crop finance, crop insurance, maize, productivity
A survey was conducted using a structured questionnaire
No correlation between crop insurance, loan, and maize productivity
Ajayi, E.
2015
The need to further imbibe the culture of insurance in Africa
Insurance, apathy, vicissitude, mitigation, law and policy, government, Africa
A systematic literature review
Lack of insuring culture by Africans, is a contributing factor to low insurance penetration in Africa
Bah., M., & Abila, N.
2022
Institutional determinants of insurance penetration in Africa
Insurance, Life insurancee, non-life insurance Institutional quality Africa GMM Introduction
A systemic literature review
regulatory quality, rule of law, control of corruption, political stability and absence of violence, and government effectiveness