FSD Africa has announced a new $25–30m Inclusive InsurTech Investment Fund (3iF), to open the way for more private investment in the InsurTech sector, accelerate insurance innovation and close the continent’s protection gap. The Fund is expected to be launched in January 2026.
The announcement was made at the BimaLab Africa InsurTech Summit held on 26–27 November in Nairobi.
3iF is a pan-African venture capital fund targeting early-stage InsurTech startups that expand insurance access, affordability, and awareness – particularly in climate resilience, health, and financial inclusion among underserved populations.
Building on the BimaLab Accelerator Programme, which has supported over 135 startups in 28 countries to date, 3iF aims to bridge the financing gap that prevents promising tech-enabled solutions from scaling and addressing Africa’s substantial insurance protection gap.
The Fund’s blended structure combines junior equity from catalytic investors, anchored by FSD Africa Investments (FSDAi), FSD Africa’s investment arm, with senior equity from commercial and strategic investors led by Zep Re. 3iF will provide investment growth capital to successful graduates of BimaLab as well as other promising ventures, complementing the BimaLab ecosystem.
Mr Kelvin Massingham, Director, Adaptation and Resilience, FSD Africa, said, “By investing in the next generation of InsurTech pioneers, we are unlocking opportunities to expand access, affordability, and resilience for millions across the continent. Our goal is to empower visionary startups to transform how insurance works for everyone—driving inclusive growth, climate resilience, and financial security for Africa’s future.”.
A new Regulatory Sandbox Eligibility Assessment Toolkit was also launched at the BimaLab InsurTech Accelerator Summit, a practical resource designed to help African insurance regulators to quantify the level of impact new InsurTech innovations will have on their economies, supporting further investment, testing and development of impactful innovations within regulatory sandboxes.
The toolkit is designed to streamline how regulators evaluate emerging InsurTech models, lower barriers for startups, and ultimately expand access to affordable risk protection, particularly for informal workers, rural communities, smallholder farmers, and low-income households. M