The Rwanda Ministry of Finance and Economic Planning, together with ZEP-RE, opened the ZEP-RE Annual Meetings 2026 in Kigali, with discussions centred on stronger financial resilience frameworks across Africa through disaster risk financing and inclusive insurance. In his keynote, Finance Minister Yusuf Murangwa said Africa remains significantly underinsured, citing insurance penetration of 2.7 percent against a global average of 7 percent, and argued that governments should create an enabling environment, align regulation and support financial inclusion, while the industry expands products, distribution, reach and reinsurance capacity. The opening was followed by high-level roundtables opened by National Bank of Rwanda Governor Soraya Munyana Hakuziyaremye on disaster risk financing, including protection of public assets and fiscal stability, and on inclusive insurance for underserved communities, micro, small and medium-sized enterprises and climate-vulnerable populations. ZEP-RE also announced a strategic partnership with iTOO Special Risks intended to strengthen specialty insurance capacity in Africa and retain more risk within the continent. The annual meetings continue with further stakeholder engagements.
Ministry of Finance (Rwanda) 2026-05-04
Rwanda Ministry of Finance and Economic Planning opens ZEP-RE Annual Meetings with focus on disaster risk financing and inclusive insurance
The Rwanda Ministry of Finance and Economic Planning and ZEP-RE opened the ZEP-RE Annual Meetings 2026 in Kigali, focusing on strengthening financial resilience in Africa through disaster risk financing and inclusive insurance. Finance Minister Yusuf Murangwa highlighted Africa’s low insurance penetration of 2.7 percent versus a 7 percent global average and called for enabling regulation and expanded industry capacity, while the National Bank of Rwanda led roundtables on protecting public assets, fiscal stability and coverage for climate-vulnerable groups. ZEP-RE also announced a strategic partnership with iTOO Special Risks to bolster specialty insurance capacity and retain more risk within Africa.