Fintechs lead Africa’s digital maturity, but insurers post strongest gains in 2025
- African insurers recorded the continent’s fastest digital maturity progress over the past year.
- 54% of financial institutions now report advanced digital capabilities, up from 48% in 2024.
- Fintech funding fell sharply from $863 million in H1 2023 to about $185 million in H1 2024.
The rapid digital maturity of African insurers and the shift towards operational efficiency indicate a promising future for the financial sector. However, the decline in fintech funding and rising cybersecurity threats highlight the need for a balanced approach to growth and risk management. Further discussions should focus on how institutions can leverage technology while ensuring robust security measures are in place.
