Introduction

TERMS OF REFERENCE (ToRs)

LAUNCH IN 2026 OF THE GENERAL ASSEMBLY OF INSURANCE FOR ALL

FOR THE DEVELOPMENT OF AN INCLUSIVE EMERGENCY PLAN

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1. Context and Justification

Africa represents nearly 19% of the world's population in 2026, but less than 1% of the insurance premiums collected globally. In the FANAF zone, this rate drops to less than 0.1%.

This gap reveals a deficit in access to insurance protection but also presents a tremendous potential to be harnessed.

Despite some progress made in several markets, insurance remains marginal in the daily lives of low-income African households, informal sector workers, SMEs, farmers, and rural populations.

In light of this observation, the FANAF aims to transform the insurance sector in Africa and make it an instrument of development and protection for all.

To this end, the FANAF is organizing the General States of Insurance for All, an initiative aimed at developing an inclusive emergency plan that coordinates the Markets, States, Regulators, as well as Technical and Financial Partners, in order to accelerate the development of insurance for the benefit of populations and the dynamism of African economies.

2. Objectives

2.1. General objective

Develop an operational strategic framework to accelerate the penetration of inclusive insurance in member markets.

2.2. Specific Objectives

Specifically, it will be about:

Conduct a diagnosis of the level of penetration of inclusive insurance;
Identify the current barriers to insurance inclusion;
Define operational priorities by segment;
Structure a mechanism for mobilizing international funding to support the development of insurance;
Produce a regional framework for the growth of inclusive insurance;
Establish a monitoring and evaluation mechanism under the auspices of FANAF.

3. Expected Strategic Impact

A court term	Formal adoption of an operational strategic framework for inclusive insurance in the FANAF zone Official commitment of States, Regulators, and Technical and Financial Partners around a common roadmap Establishment of a governance and monitoring mechanism dedicated to inclusive insurance Launch of pilot projects in several member markets
In the medium term	Improvement of the regulatory framework in several countries in favor of microinsurance Extension of insurance coverage to low-income households, SMEs & SMIs, informal workers, and rural populations Deployment of digital solutions facilitating access, subscription, and claims management Strengthening the technical capacities of companies and national institutions Increase in the insurance coverage rate in member markets
A long-term	Sustainable integration of insurance into public policies for social protection and economic resilience Contribution of the insurance sector to the mobilization of long-term savings and the financing of development Reduction of the economic vulnerability of households and SMEs & SMIs

4. Target audience

The General Assembly of Insurance for All address all stakeholders involved in the development, regulation, and financing of insurance in Africa.

Category	Details
Institutional and public actors	The SUMMIT The DNAs Other Regulatory Authorities UNDP, AfDB, FAO, WADB, Central Banks (BCEAO, BEAC, …) Investment Funds
Market players in insurance	Member companies of FANAF Insurance intermediaries National professional associations Technical experts and innovation managers
Actors of the expanded ecosystem	Fintechs and Insurtechs Telecommunications operators