GDP growth will remain largely dependent on agriculture, which provides the livelihood of approximately 80% of the population. The wide geographical spread of the population supporting the agriculture industry makes it difficult for traditional insurance to provide coverage, explaining the low insurance density compared to peer countries.
Systems of making payments from mobile telephones may offer an alternative route. Although the mobile phone penetration rate in Niger is low, it is improving having increased from 31% to 43% between 2017 and 2018. Internet usage is reported to be very low. Niger has been a party to microinsurance initiatives which have used mobile phone technology to place insurance cover and pay any claim, with a simple hospital cash cover being used, however, examples of such initiatives are rare and would require continued growth in connectivity to significantly improve penetration of insurance in the country.
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