Author: John Mungabe
Tropical storm hits five African countries as insurers warned on climate change
Tropical Storm Ana has passed over northern Madagascar, crossed over to Mozambique and subsequently reached Malawi, Zambia and Zimbabwe, causing 77 de [...]
New names for Gen Re Africa
Gen Re has appointed Cindy Blanchard and Jason Cooper-Williams as new joint managing directors of General Reinsurance Africa.
They will take over f [...]
NGOs use Africa Risk Capacity to protect Zimbabweans
A global network of humanitarian agencies has bought an innovative insurance policy in partnership with African Risk Capacity (ARC) and the government [...]
Insurers faced second costliest year on record in 2020 from natural disasters
Global losses from natural disasters in 2020 came to $210bn, of which some $82bn was insured. Both overall losses and insured losses were significantl [...]
Nat cat insured losses rise globally in 2021
Extreme weather events in 2021, including a deep winter freeze, floods, severe thunderstorms, heatwaves and a major hurricane, resulted in annual insu [...]
Inspecting risks set to improve returns, as system goes digital
One day, people will not believe we used to insure risks without inspecting them first. That is the view of Virtual i Technologies.
The company has [...]
Access to insurance increasing in Nigeria through new partnership
Nigerian insurer AXA Mansard has partnered with Insurpass, an insurance technology company, to provide access to affordable insurance coverage for eme [...]
Guy Carpenter and Marsh merge fac operations in South Africa
Guy Carpenter and Marsh are to merge their South Africa facultative reinsurance operations into a single business, effective 1 January 2022. The new u [...]
JSE commits to net zero by 2050
In a move that will impact insurance investments, the Johannesburg Stock Exchange (JSE) has joined the Race to Zero Partner Initiative through the Net [...]
SA government makes payment to Sasria to cover riot claims
The South African government is reported to have agreed to cover the damages linked to the riots that started in July 2021.
The Treasury is paying [...]