Africa

Financial innovation in deposit insurance has helped to promote financial inclusion, reduce the likelihood of bank failures and insolvencies, and improve the efficiency of deposit insurance schemes.

Many people have questioned the value of insurance because it is an intangible product. Here are 4 reasons why insurance is important

Digitization has eased the distribution and sales struggles hence increasing agility. Intermediaries are able to work remotely and improve the customer experience.

Kenya has long been a forerunner in terms of digital payments in Africa. The existence of mobile money, visa/master cards, cheques, blockchain and online payment processors such as PayPal and pesapal have been of great impact to the current economy and market place.