IDEAS home Printed from https://ideas.repec.org/a/bcp/journl/v8y2024i9p487-493.html

From Fragmentation to Integration: Developing a Coherent Insurance Regulatory Framework for AfCFTA

Author

Listed:
  • Agripah Marangwanda

    (University Of Zambia (PhD Student).)

Abstract

This study delivers a comprehensive analysis of insurance regulatory harmonization by examining the European Union’s Solvency II framework alongside the regional models of CIMA, EAC, and SADC. Employing a rigorous comparative case study approach, this research dissects the institutional frameworks, regulatory mechanisms, and policy strategies of these models to extract actionable insights for the African Continental Free Trade Area (AfCFTA). Data were meticulously gathered from policy documents, academic literature, and in-depth interviews with key stakeholders, including regulators and industry leaders. The analysis reveals that AfCFTA stands to gain significantly from a regulatory framework that marries central oversight with local adaptability, akin to the EU model but nuanced for the African context. The study underscores the strategic value of integrating digital tools and fortifying regional bodies to enhance cross-border insurance activities. This research provides a critical foundation for developing a robust and cohesive regulatory framework under AfCFTA, addressing the complexities of regulatory fragmentation and advancing the creation of a resilient and integrated African insurance market

Suggested Citation

  • Agripah Marangwanda, 2024. "From Fragmentation to Integration: Developing a Coherent Insurance Regulatory Framework for AfCFTA," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(9), pages 487-493, September.
    • Handle: RePEc:bcp:journl:v:8:y:2024:i:9:p:487-493
    as

    Download full text from publisher

    File URL: https://www.rsisinternational.org/journals/ijriss/Digital-Library/volume-8-issue-9/487-493.pdf
    Download Restriction: no
    File URL: https://rsisinternational.org/journals/ijriss/articles/from-fragmentation-to-integration-developing-a-coherent-insurance-regulatory-framework-for-afcfta/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Robert W Klein, 2012. "Principles for Insurance Regulation: An Evaluation of Current Practices and Potential Reforms," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 37(1), pages 175-199, January.
    2. Guillaume Plantin & Jean-Charles Rochet, 2007. "Introduction to When Insurers Go Bust: An Economic Analysis of the Role and Design of Prudential Regulation," Introductory Chapters, in: When Insurers Go Bust: An Economic Analysis of the Role and Design of Prudential Regulation, Princeton University Press.
    3. Hartzenberg, Trudi, 2011. "Regional integration in Africa," WTO Staff Working Papers ERSD-2011-14, World Trade Organization (WTO), Economic Research and Statistics Division.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cynthia Van Hulle & Hans Degryse & Kristien Smedts, 2017. "Risk-sharing benefits and the capital structure of insurance companies," Working Papers Department of Accountancy, Finance and Insurance (AFI), Leuven 571404, KU Leuven, Faculty of Economics and Business (FEB), Department of Accountancy, Finance and Insurance (AFI), Leuven.
    2. Scholvin, Sören, 2017. "Secondary Powers vis-à-vis South Africa: Hard Balancing, Soft Balancing, Rejection of Followership, and Disregard of Leadership," GIGA Working Papers 306, GIGA German Institute of Global and Area Studies.
    3. Hans Gersbach, 2013. "Preventing Banking Crises--with Private Insurance?," CESifo Economic Studies, CESifo Group, vol. 59(4), pages 609-627, December.
    4. Kirti, Divya, 2024. "When gambling for resurrection is too risky," Journal of Banking & Finance, Elsevier, vol. 162(C).
    5. Eling, Martin & Jia, Ruo, 2018. "Business failure, efficiency, and volatility: Evidence from the European insurance industry," International Review of Financial Analysis, Elsevier, vol. 59(C), pages 58-76.
    6. repec:bcp:journl:v:8:y:2024:i:1:p:480-488 is not listed on IDEAS
    7. Yvonne Umulisa, 2020. "Estimation of the East African Community's trade benefits from promoting intra‐regional trade," African Development Review, African Development Bank, vol. 32(1), pages 55-66, March.
    8. René Doff, 2016. "The Final Solvency II Framework: Will It Be Effective?," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 41(4), pages 587-607, October.
    9. Hannah Muzee & Andrew Osehi Enaifoghe, 2019. "Towards an Inclusive Model of African Regional Integration: How Effective has the Linear Model been so Far?," Journal of Economics and Behavioral Studies, AMH International, vol. 11(1), pages 55-65.
    10. McKay, Andy & Ogunkola, Olawale & Semboja, Haji Hatibu, 2023. "Rethinking regional integration in Africa for inclusive and sustainable development: introduction to the special issue," LSE Research Online Documents on Economics 117632, London School of Economics and Political Science, LSE Library.
    11. David McCarthy & David Miles, 2013. "Optimal Portfolio Allocation for Corporate Pension Funds," European Financial Management, European Financial Management Association, vol. 19(3), pages 599-629, June.
    12. Mkuna, Eliaza, 2014. "East Africa Community (EAC) Non Tariff Barriers and their Effects on Tanzanian Small and Medium Agro Enterprises Cross Border Trade," Research Theses 243444, Collaborative Masters Program in Agricultural and Applied Economics.
    13. Stender, Frederik & Vogel, Tim, 2021. "Murky trade waters: Regional tariff commitments and non-tariff measures in Africa," IDOS Discussion Papers 13/2021, German Institute of Development and Sustainability (IDOS).
    14. Yu Yan & Michael Faure, 2021. "Government interventions in microinsurance: evidence from China," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 46(3), pages 440-467, July.
    15. Hasan Tuluy, 2016. "Regional Economic Integration in Africa," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 8(3), pages 334-354, September.
    16. Petra Tisová & Martin Flegl, 2025. "A two-stage DEA window analysis model for evaluating the efficiency in the Czech non-life insurance sector," OPSEARCH, Springer;Operational Research Society of India, vol. 62(3), pages 1492-1516, September.
    17. Edwin Yingi, 2022. "Beyond the pandemic: Implications of COVID-19 on regional economic integration in Southern Africa," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 11(2), pages 270-279, March.
    18. Tawila Anamela & Nyawa Msidi Nyirongo & Chaponga Nguluwe, 2024. "The Effect of Rules of Origin on Regional Trade: An Analysis of the Africa Continental Free Trade Area," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(4), pages 550-559, April.
    19. Merran Hulse, 2014. "Actorness beyond the European Union: Comparing the International Trade Actorness of SADC and ECOWAS," Journal of Common Market Studies, Wiley Blackwell, vol. 52(3), pages 547-565, May.
    20. Mkuna, Eliaza, 2014. "East Africa Community (Eac) Non Tariff Barriers And Their Effects On Tanzanian Small And Medium Agro Enterprises Cross Border Trade," Research Theses 265576, Collaborative Masters Program in Agricultural and Applied Economics.
    21. Andy McKay & Olawale Ogunkola & Haji Hatibu Semboja, 2023. "Rethinking regional integration in Africa for inclusive and sustainable development: Introduction to the special issue," The World Economy, Wiley Blackwell, vol. 46(2), pages 304-311, February.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bcp:journl:v:8:y:2024:i:9:p:487-493. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Pawan Verma (email available below). General contact details of provider: https://rsisinternational.org/journals/ijriss/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.