AfDB grants 510 000 USD to ACAPS to advance inclusive insurance

The African Development Bank (AfDB), through its Africa Digital Financial Inclusion Facility, is granting 510 000 USD to the Supervisory Authority of Insurance and Social Welfare (ACAPS).

This funding, supplémente by a 170 000 USD contribution from ACAPS, will be used to develop new insurance solutions tailored primarily to women and young people.

The initiative aims to improve access to insurance, as well as enhance the understanding and use of insurance products. It also seeks to support the integration and effectiveness of insurtech solutions.