Contributor.

Rehan Butt

Rehan Butt

Rehan Butt is the Founder and CEO of Instaful Solutions, a boutique InsurTech advisory focused on democratising insurance across emerging markets in Asia and Africa. He works with digital brands, insurers, reinsurers, and public sector and development organisations to design and scale inclusive, digital and impact-driven insurance models, spanning both commercial initiatives for middle mass and development-led programmes for low-income and vulnerable communities.

Over the past two decades, Rehan has played a central role in building and scaling inclusive insurance at scale. Prior to Instaful, he held senior leadership roles at MicroEnsure and MIC Global where he helped launch Pakistan’s first inclusive insurance-focused InsurTech, scaled coverage to over 11 million first-time insurance buyers and contributed to insuring over 60 million customers across Asia and Africa. His work has shaped several industry-standard products, business models and distribution approaches now widely used in inclusive insurance. Earlier in his career, he held senior roles at MetLife and AIG Alico where he led bancassurance expansion and introduced several market-first product innovations.

He is a regular contributor to global conversations on inclusive and digital insurance with published thought leadership. Rehan holds an MA in Economics and professional qualifications and titles from the Chartered Insurance Institute UK and the Life Office Management Association US. He can be reached at www.linkedin.com/in/rehanbuttinsurance.

 

Articles by Rehan Butt

  • Rehan Butt

    The Myths and Realities of Inclusive Insurance: Lessons from the Field

    Across low- and middle-income countries (LMICs), insurance penetration is around 1% of GDP, compared to a global average of around 7%. According to Rehan Butt at Instaful Solutions, policymakers, donors and insurers have increasingly turned to “inclusive insurance” to reach LMIC customers — yet they often mistakenly approach it as a scaled down or charitable version of traditional insurance. He argues that inclusive insurance represents a fundamentally different business model, with distinct product design, processes, distribution and economics, and highlights some misconceptions that can cause these insurance products and programs to underperform.

    Categories
    Finance
    Tags
    digital finance, financial inclusion, insurance, mobile finance
Subscribe to Our Weekly Newsletter, "NextBillion Notes"
Published each Wednesday, our e-newsletter features NextBillion's latest original articles, along with a selection of news, jobs, bizdev opportunities and events from our recent coverage — and regular conference ticket giveaways.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.
×
×