Author: Joan Kitanga
Spending on clean energy set to rise by a third, but buying the right insurance remains a challenge
Natural resources are at a tipping point, with average spend across the industry on clean energy technologies expected to increase by more than a thir [...]
Development insurance plays pivotal role in economic growth, says ATIDI
Development insurance plays a pivotal role in fostering economic growth by providing investment, trade and political risk-mitigation covers designed t [...]
Insurance protection gap for natcats estimated at 60%, warns WTW
As 2024 becomes the first year to exceed 1.5°C warming above pre-industrial levels, the insurance protection gap for natural catastrophes is estimated [...]
World’s largest companies add nature threats to ESG commitments, says McKinsey
The world’s largest companies increasingly recognise the risks and opportunities presented by nature and natural capital, according to a new report fr [...]
Kenyan insurer GA signs sustainable declarations
GA Insurance, a Kenyan insurer, has joined the African Natural Capital Alliance (ANCA) and signed the Nairobi Declaration on Sustainable Insurance to [...]
80% of risk managers fear their organisations may not respond effectively to emerging risks, warns WTW
Only two in 10 (20%) key decisionmakers and the teams supporting them believe their organisation will be able to respond adequately to risks that migh [...]
Insurer relationships changing because of evolving cat risks, warns S&P
Insurers are being forced to re-evaluate their relationships with each other and the world at large because of evolving natural catastrophe risks, acc [...]
ATIDI names new chair and deputy
At its 101st meeting held on 5 October 2024, the board of directors of African Trade & Investment Development Insurance (ATIDI) announced the elec [...]
Just 1.1% of total crisis financing from international development donors was arranged in advance in 2022
International development financing for PAF from donors fell in absolute volume terms from US$1.9-billion in 2021, to $852.2-million in 2022, amountin [...]
ICEA LION CEO welcomes geothermal insurance product for Kenya to boost green energy
After ICEA LION Group’s launch of a geothermal well output insurance product, which it describes as “a pioneering solution set to transform the green [...]