INCLUSIVE LIFE INSURANCE: a challenge of innovation on the Congolese market

"The main problem of poor people is not a lack of income, but a vulnerability to risks linked to precariousness" (Floriane Bozzo). The main function of insurance (to reduce poverty) makes us think about the lives of people with variable low incomes who are not covered by compulsory insurance. What happens to them in the event of disability or old age? Far from lacking a culture of risk, these populations erect dykes of social protection against any hazard of life. However, these informal modes of insurance deteriorate as one encounters other civilizations with an individualistic bent. Families are torn apart, communities experience crises of confidence, supplementary income is depleted, savings or loans are not always up to the task, and tontines are poorly managed. This is why life insurers have a big challenge to take up: that of covering a large population for greater profitability and an affirmed social positioning. Such a challenge of insurance massification requires innovation.