Author: John Mungabe
Insurance market proving resilient
Global average commercial insurance prices increased 19% in the second quarter of 2020, according to the Global Insurance Market Index released by Mar [...]
Africa escapes major cat in first half-year
Global economic losses from natural catastrophes and man-made disasters in the first half of 2020 were $75bn, according to Swiss Re Institute's prelim [...]
Challenging times for South Africa’s BI insurers
South African insurers with business interruption (BI) policies are having a tough time, as the first case goes against the insurer and as the regulat [...]
Ratings agencies explain credit warnings on Africa
S&P Global Ratings and Fitch ratings have both warned of downgrades and negatives watches across Africa as the Covid-19 pandemic takes its toll. I [...]
Award-winning Covid-19 equipment to be piloted in South Africa
A competition run by Munich Re will result in four projects being transformed into reality to help governments across Africa in the fight against Covi [...]
More South African insurers to make BI payments
Old Mutual Insure (OMI) has become the latest South African insurer to announced payments on business interruption (BI) policies related to the Covid- [...]
Millions of South Africans avoid preventative health screenings due to a lack of financial access
Insurers could have an opportunity to build market penetration after the Covid-19 crisis, as it has highlighted a lack of access to primary healthcare [...]
Proportion of insured cat losses growing globally
In what could be seen as a good result for insurance, the latest natural catastrophe figures from Aon show the overall cost in the first half of 2020 [...]
African swine fever causing major agricultural challenge
As the world struggles with Covid-19, another pandemic is hitting the pork market. African swine fever (ASF) is now present in 51 countries and is cau [...]
Africa remains top piracy hotspot
West Africa tops the list for piracy activity, according to Allianz Global Corporate & Specialty's (AGCS) Safety & Shipping Review 2020.
Gl [...]