The Republic of Rwanda is a country in Central Africa with a population of 12.2 million inhabitants. The national currency is the Rwandan franc.

The Rwandan economic transformation in the last few decades, as well as the implemented regulatory reforms, are factors that have a positive impact on the local market. The insurance penetration rate is low and the market is underserved. The challenges the insurance sector needs to overcome are the limited investment volumes, lack of innovative insurance products and the low trust of the insurance sector.