Agripah Marangwanda1* and Mpundu Mubanga2
1 The University of Zambia Graduate School of Business
Email: agripah.marangwanda@gmail.com
2University of the Western Cape
Email: mmpundu@uwc.ac.za
* Corresponding e-mail: agripah.marangwanda@gmail.com
Abstract
This study explores how regulatory compliance in the African insurance sector can drive change under the African Continental Free Trade Area (AfCFTA). It examines how harmonized regulatory frameworks can boost market resilience, facilitate cross-border operations, and enhance competitiveness. Using a mixed-methods approach, the research combines qualitative data from interviews with insurance executives, regulators, and academics, alongside quantitative surveys from 41 leaders across AfCFTA member countries. The findings reveal that aligned regulatory standards improve market stability and foster regional collaboration. However, challenges such as regulatory fragmentation, inconsistent data protection, and differing educational standards remain. The study advocates for a unified regulatory approach, enhanced cross-border cooperation, and the alignment of educational curricula to fully realize the AfCFTA’s potential in transforming Africa’s insurance market.
Keywords: Regulatory compliance, AfCFTA (African Continental Free Trade Area), insurance market growth
