FSD Africa Launches USD 30 M Fund To Boost Insurtech Innovation & Close Protection Gap

FSD Africa has unveiled a USD 30 M Inclusive Insurtech Investment Fund (3iF) to boost private investment in Africa’s insurtech sector and narrow the continent’s insurance protection gap.

Announced at the BimaLab Africa Insurtech Summit in Nairobi, the pan-African VC fund will back early-stage startups improving insurance access, affordability, and climate resilience for underserved communities.

Set to launch in January 2026, 3iF blends junior equity from catalytic investors, anchored by FSD Africa Investments (FSDAi), with senior equity from commercial and strategic partners led by Zep Re.

The fund will provide growth capital to top BimaLab graduates and other promising ventures, building on the accelerator’s track record of supporting 135 startups across 28 countries.

Alongside the fund, FSD Africa also introduced a new Regulatory Sandbox Eligibility Assessment Toolkit to help regulators evaluate emerging insurtech innovations more efficiently, lower barriers for startups, and expand access to affordable risk protection across informal and vulnerable populations.