FSD Africa 207d ago

Only one in ten African households has insurance today, leaving millions exposed to climate shocks, health emergencies and financial instability. But a quiet revolution is underway—one driven by innovation, digital inclusion and new insurance models designed for the realities of African consumers. In this episode of Financing Africa’s Future, we speak with Elias Omondi, Principal for Innovation for Resilience at FSD Africa, about how the continent is expanding insurance coverage and strengthening resilience. From microinsurance and parametric climate solutions to regulatory sandboxes, insurtech acceleration and the groundbreaking BimaLab programme, Elias sheds light on the tools and systems reshaping Africa’s risk-protection landscape. He explains how innovators are closing the protection gap with products tailored to informal workers, smallholder farmers and low-income households—using data, mobile distribution, behavioural insights and partnerships to make insurance more accessible, affordable and effective. This episode offers a clear, engaging look at how insurance innovation, climate-risk finance and inclusive product design are building a stronger, more resilient future for African communities. Listen now and subscribe to stay updated on how financial innovation is transforming lives across the continent.