Search for Articles:
Title / Keyword
Author / Affiliation / Email
Journal
Article Type
 
 
Advanced Search
 
Section
Special Issue
Volume
Issue
Number
Page
 
4.5
Journals
JRFM
Special Issues
InsurTech Development and Insurance Inclusion
share announcement

InsurTech Development and Insurance Inclusion

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Financial Technology and Innovation".

Deadline for manuscript submissions: 30 June 2025 | Viewed by 4115

Special Issue Editor

Prof. Dr. Athenia B. Sibindi

E-Mail Website
Guest Editor
Department of Finance, Risk Management and Banking, University of South Africa, Pretoria, South Africa
Interests: corporate finance; financial market; development; risk management and insurance; FinTech

Special Issue Information

Dear Colleagues,

This special issue will provide greater insights on the role of insurance technology (InsurTech) in fostering insurance inclusion and insurance market development. Arguably, access to finance is at the core of the realisation of the United Nations Sustainable Development Goal number 8 (SDG8) on Decent Work and Economic Growth. This goal seeks to promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all. Notwithstanding, that access to finance has improved over the years, the realisation of SDG8 remains elusive. It is conceivable that InsurTech  promotes the development of the insurance markets on both the supply-side (offering of innovative insurance products) and demand-side (facilitating insurance access to previously uninsured persons). Insurance market development in turn spurs economic growth which is central to the realisation of SDG8.

The advent of the Fourth Industrial Revolution (4IR) has seen the adoption of financial digital technologies by the financial services sector. This has revolutionised the financial services sector. This Special Issue explores how InsurTech has been adopted in the insurance industry to aid underwriting, marketing, risk management and claims processing. 

It is imperative to highlight that empirical research on InsurTech is still at a nascent stage. As such, there is a compelling need for further empirical and theoretical research to be conducted on the veracity of the claims that have been advanced in the above foregoing in order to ascertain whether InsurTech can foster insurance inclusion and promote insurance market development.

The areas of special interest for this Special Issue include but are not limited to the following:

  • InsurTech and Insurance inclusion
  • InsurTech development: challenges and opportunities
  • Digital disruption in the Insurance industry
  • InsurTech landscape
  • Telematics
  • InsurTech adoption and trust
  • InsurTech value chain
  • InsurTech and Firm performance
  • InsurTech and regulation
  • Insurance Market Development

Prof. Dr. Athenia B. Sibindi
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • InsurTech
  • insurance inclusion
  • insurance penetration
  • trust
  • insurance market development
  • telematics
  • digitisation

Benefits of Publishing in a Special Issue

  • Ease of navigation: Grouping papers by topic helps scholars navigate broad scope journals more efficiently.
  • Greater discoverability: Special Issues support the reach and impact of scientific research. Articles in Special Issues are more discoverable and cited more frequently.
  • Expansion of research network: Special Issues facilitate connections among authors, fostering scientific collaborations.
  • External promotion: Articles in Special Issues are often promoted through the journal's social media, increasing their visibility.
  • Reprint: MDPI Books provides the opportunity to republish successful Special Issues in book format, both online and in print.

Further information on MDPI's Special Issue policies can be found here.

Published Papers (2 papers)

Download All Papers
Order results
Result details
Show export options expand_more Show export options expand_less
Select all
Export citation of selected articles as:

Research

24 pages, 581 KiB  
Article
An Empirical Evaluation of the Technology Acceptance Model for Peer-to-Peer Insurance Adoption: Does Income Really Matter?
by Sylvester Senyo Horvey, Euphemia Godspower-Akpomiemie and Richard Asare Boateng
J. Risk Financial Manag. 2025, 18(4), 209; https://doi.org/10.3390/jrfm18040209 - 13 Apr 2025
Viewed by 437
Abstract
One essential component of insurance technology (Insurtech) is peer-to-peer (P2P) insurance, which represents a transformative shift from conventional insurance to digital platforms by fostering community-based risk sharing. This study contributes to the body of knowledge by engaging the Technology Acceptance Model (TAM2) to [...] Read more.
One essential component of insurance technology (Insurtech) is peer-to-peer (P2P) insurance, which represents a transformative shift from conventional insurance to digital platforms by fostering community-based risk sharing. This study contributes to the body of knowledge by engaging the Technology Acceptance Model (TAM2) to explore how perceived usefulness, perceived ease of use, subjective norms, and perceived trust influence the adoption of P2P insurance, and the moderating influence of income on these relationships. This study used a self-administered survey questionnaire to collect data from short-term insurance clients in South Africa. The survey was analysed using the confirmatory factor analysis and structural equation modelling (SEM) approach. The findings demonstrate that perceived usefulness, ease of use, and subjective norms present a significant positive influence on the adoption of P2P insurance, underscoring the relevance of value, ease of use, and social influence in predicting the adoption of insurance technologies, particularly P2P insurance. However, perceived risk and trust exhibit a positive but statistically insignificant relationship. Additionally, this study reveals that income exerts a significant positive moderating influence on perceived usefulness, ease of use, and subjective norms in affecting P2P adoption, implying that individuals with higher incomes are responsive to these factors when considering P2P insurance. This study highlights the need for policies that support the development of digital infrastructure, as its accessibility and ease of use, including social norms, are predicted as essential drivers of P2P insurance adoption. Also, policymakers should focus on creating a regulatory environment that encourages accountability and openness to P2P insurance. Full article
(This article belongs to the Special Issue InsurTech Development and Insurance Inclusion)
►▼ Show Figures

Figure 1

13 pages, 1346 KiB  
Article
Digital Literacy, Insurtech Adoption and Insurance Inclusion in Uganda
by Archillies Kiwanuka and Athenia Bongani Sibindi
J. Risk Financial Manag. 2024, 17(3), 119; https://doi.org/10.3390/jrfm17030119 - 14 Mar 2024
Cited by 2 | Viewed by 2805
Abstract
The purpose of this study was to establish whether digital literacy and insurtech adoption influence insurance inclusion in Uganda. Principally, we sought to determine whether insurtech adoption mediates the nexus between digital literacy and insurance inclusion. This study adopted a cross-sectional and quantitative [...] Read more.
The purpose of this study was to establish whether digital literacy and insurtech adoption influence insurance inclusion in Uganda. Principally, we sought to determine whether insurtech adoption mediates the nexus between digital literacy and insurance inclusion. This study adopted a cross-sectional and quantitative correlational approach. The study’s sample was 391 individuals who had used digital platforms such as mobile phones and computers to access insurance products and services in Uganda. Data were collected using structured survey questionnaires. Partial Least Squares Structural Equation Modelling (PLSEM) was employed to test the hypothesised relationships. The results demonstrated that both digital literacy and insurtech adoption significantly and positively influence insurance inclusion. We also found digital literacy to be a significant and positive determinant of insurtech adoption. Markedly, it was found that insurtech adoption mediates the association between digital literacy and insurance inclusion in Uganda. However, this study was conducted in a developing country with an underdeveloped insurance market and with low technological advancement. This may affect the generalisation of the study’s findings. This study’s novelty lies in establishing how digital literacy and insurtech adoption interact to influence insurance inclusion in Uganda. This is the first study to examine the effect of digital literacy and insurtech adoption on insurance inclusion. Full article
(This article belongs to the Special Issue InsurTech Development and Insurance Inclusion)
►▼ Show Figures

Figure 1

Show export options expand_more Show export options expand_less
Select all
Export citation of selected articles as:
 
Displaying articles 1-2
Back to TopTop