African insurers have recorded the continent’s fastest digital maturity progress over the past year, narrowing the gap with fintech as the financial sector shifts focus from rapid expansion to operational efficiency and profitability, according to the African Financial Industry Report released by Deloitte, a leading global consulting and professional services firm, and the Africa Financial Summit (AFIS). The report, based on interviews with senior executives from more than 70 financial institutions across Africa, shows that more than half of institutions now consider themselves digitally mature, with 54% reporting advanced digital capabilities, up from 48% in 2024. The growing focus on digital maturity signals that African financial institutions are moving beyond digital experimentation,...