Author: Joan Kitanga
Kenyan insurer launches low-risk investment products
Britam Asset Managers and Kenya-based fintech startup KOA have announced a partnership to offer customers access to low-risk investment opportunities. [...]
Insurers well placed to support G20 in facilitating more sustainable and resilient economies
With more than $30trn of assets under management, the insurance industry has significant capacity and interest in investing in long-term sustainable a [...]
Cybercriminals responsible for majority of cyber claims
Gangs of cybercriminals, organising themselves along the lines of drug cartels, are changing the ‘rules’ of ransomware attacks to keep ahead of the au [...]
L’ACA a démontré une solide résilience
L’Agence pour l’Assurance du Commerce en Afrique (ACA) a démontré une solide résilience et généré une hausse de 43 % de son bénéfice net et des exposi [...]
ATI posts net profit of $39.4m despite Covid-19
The African Trade Insurance Agency (ATI) has shown great resilience and posted a net profit growth of 43% and a gross exposure of $6.3bn amid the [...]
South Africa added to global life reinsurer Covid-19 costs
The cumulative cost of Covid-19 claims for the largest life reinsurers hit $4.4bn in the first quarter of the year as mortality rates spiked, accordin [...]
Insurance disruptor hits Kenyan market
Cytonn Investments has launched an insurance agency arm, the Cytonn Insurance Agency (CIA), whose key objective is to disrupt the insurance industry.
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Weak risk management impacts Kenyan reinsurer rating
AM Best has affirmed the financial strength rating (FSR) of B (fair) and the long-term issuer credit rating (long-term ICR) of bb+ (fair) of Kenya Rei [...]
Automating for predictable claims and underwriting outcomes
Life insurers and reinsurers are making increased use of automation as they strive to meet clients’ needs for ease of use, product transparency, real- [...]
Travel insurance innovation to cope with Covid-19
A new travel insurance product has emerged to help Africa’s tourism sector recover from Covid-19. The insurance offered by Royal Shield Re covers trav [...]