Who Do You Trust? Trust and Insurance Through Africa’s Past and Future

Abstract

Abstract Global disruption positions risk mitigation at the centre of survival strategies. Social risk mitigation strategies display relationships of trust, responsibility and culture. Insurance in global markets expands as bi-polarism began to contract from the early 1990s, but the massive external shocks of the pandemic and the rising interest environment impact negatively on this advance. What is likely the nature of risk mitigation responses in the post-pandemic era? How have societies, especially in developing regions such as some African societies, responded to the growing risk and existential threats? This paper explores African risk mitigation strategies in the past and the potential for future alignment of global insurance products to the demands of 21st Century African markets.