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As of 2022, almost 63% of the Indian population was not covered under any form of health insurance leaving them vulnerable to various health emergencies.
Digital transformation was on-going prior to COVID-19 but the pandemic led to accelerated efforts both by end-users and financial institutions to adapt to digital communications
According to the 2018 FinScope survey, 78% of Ugandans are financially included; however, just 22% use formal financial services (banks, SACCOs, MFIs, Mobile money etc.).
Accident,sickness and health insurance for vulnerable groups: Lessons learnt from Ghana, Malawi and Uganda
As per the 2021 Landscape of Microinsurance Study, around 16.76 million people are covered under inclusive health insurance in Africa which is the highest followed