FSD Africa has launched a $30 million Insurtech Fund (3iF) to invest in early-stage insurtech startups across Africa, aiming to boost inclusive insurance for underserved populations. The initiative also includes a new regulatory toolkit to streamline approvals and encourage innovation.

• The 3iF will primarily target startups focusing on climate resilience, health, and financial inclusion, building on the success of the BimaLab Accelerator Programme, which has supported over 135 startups in 28 African countries.
• The fund adopts a blended structure with junior equity from FSD Africa Investments and senior equity from investors like Zep Re.
• FSD Africa also released a Regulatory Sandbox Eligibility Assessment Toolkit to help African regulators assess new insurtech models, strengthening regulatory readiness and expanding access to affordable risk protection.
• Turaco, a Kenyan micro-insurer, showcased how BimaLab supported its expansion, now insuring over one million customers and processing more than twenty thousand claims across Nigeria, Uganda, and Ghana.