International Journal For Multidisciplinary Research

E-ISSN: 2582-2160     Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 6 Issue 5 September-October 2024 Submit your research before last 3 days of October to publish your research paper in the issue of September-October.

Breaking Down Barriers: Preparing Africa's Insurance Market for AfCFTA Success

Author(s) Agripah Marangwanda
Country Tanzania
Abstract This article examines the regulatory challenges that affect the readiness of the African insurance sector for expansion and integration under the African Continental Free Trade Area (AfCFTA) framework. Employing a mixed-methods research design, the study integrates qualitative interviews with senior industry executives and quantitative survey data from key stakeholders to identify and evaluate the primary regulatory barriers impeding market preparedness. The analysis reveals several critical obstacles, including regulatory fragmentation, inconsistent enforcement of standards, and inadequate cross-border coordination. The findings suggest that addressing these challenges is crucial for realizing the full potential of AfCFTA in the insurance sector. The article concludes by providing strategic recommendations aimed at fostering regulatory coherence, enhancing market readiness, and supporting sustainable growth across Africa’s insurance markets.
Keywords Regulatory Alignment, Market Expansion, African Continental Free Trade Area (AfCFTA), Insurance Sector, Compliance Challenges
Field Business Administration
Published In Volume 6, Issue 5, September-October 2024
Published On 2024-09-26
Cite This Breaking Down Barriers: Preparing Africa's Insurance Market for AfCFTA Success - Agripah Marangwanda - IJFMR Volume 6, Issue 5, September-October 2024. DOI 10.36948/ijfmr.2024.v06i05.27449
DOI https://doi.org/10.36948/ijfmr.2024.v06i05.27449
Short DOI https://doi.org/g59zw5

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