Author: Adesina Alewale
Marine insurers warned Gulf of Guinea major threat
More than 95% of the global piracy incidents in 2020 occurred in the Gulf of Guinea according to new figures.
Marine insurers and those selling kid [...]
AM Best gives thumbs up to three of Africa’s reinsurers
Ratings agency AM Best has endorsed the activities of three of the continent’s reinsurers in the past couple of weeks, providing a much-needed fillip [...]
AM Best affirms Africa Re’s financial strength rating of A (Excellent)
The financial strength rating of the African Reinsurance Corporation (Africa Re) has been re-affirmed at A (excellent) and the long-term issuer credit [...]
AM Best affirms Ghana Re rating
AM Best has affirmed the financial strength rating of B (fair) and the long-term issuer credit rating of bb of Ghana Reinsurance Company Limited (Ghan [...]
Terrorists strike on both sides of continent
Terrorists have struck on both sides of Africa, impacting political and economic interests.
Insurers may anticipate a spike of interest in politica [...]
Former insurance commissioner to head new Nigerian reinsurer
The former head of the Nigerian insurance regulator, Fola Daniel, is to head a new reinsurance company based in Nigeria.
Current National Insurance [...]
Nigerian government rules against insurance regulator’s moves to recapitalise sector
Nigeria's House of Representatives has ordered the National Insurance Commission (Naicom) to suspend the planned 31 December 2020 mandatory deadline f [...]
Insurers have real opportunity to help small businesses survive pandemic shock
Micro, small and medium-sized enterprises (MSMEs) form the backbone of many economies globally and give rise to economic growth, employment and innova [...]
Insurers continue to battle Covid-19 fallout
Insurers across the continent are finding ways to cope with the Covid-19 pandemic’s shock to the economic system and to the insurance supply chain.
[...]
Report: African insurers seeing value of digitalisation
While about 5% of African insurance premium has been generated digitally, that number could rise as high as 50% if insurers invest in technology, acco [...]