FSD Africa announces $30m venture fund to accelerate insurance innovation

FSD Africa Launches $30 Million Insurtech Fund

FSD Africa has introduced a new initiative called the Inclusive Insurtech Investment Fund (3iF), which comes with a budget of US$30 million. This fund aims to stimulate private investment in the insurtech sector across Africa, enhance insurance-related innovations, and address the existing protection gap on the continent.

Key Objectives

The primary goals of the 3iF are clear:

• Attract more private capital into the insurtech space.
• Drive innovation in insurance products and services.
• Reduce the significant insurance protection gap currently faced by many communities.

Why This Matters

With a substantial portion of Africa's population lacking adequate insurance coverage, this fund is positioned as a crucial step toward making insurance more accessible and relevant. By encouraging investments and fostering innovation, FSD Africa believes it can significantly improve the landscape of insurance services available to underserved markets.

Who Will Benefit?

The 3iF is expected to have a broad impact. Startups and established firms within the insurtech sector stand to gain from financial backing, which can help them develop and scale new technologies and products. Ultimately, this could enhance consumer access to insurance, especially in regions where such services are currently limited or absent.

FSD Africa's initiative reflects a growing recognition of the importance of insurtech in bridging the insurance gap in Africa. It is an encouraging development for both investors and individuals seeking coverage.

Original Source: https://disruptafrica.com/2025/11/27/fsd-africa-announces-30m-venture-fund-to-accelerate-insurance-innovation/