Author: Joan Kitanga
Second broker, WTW, warns of global uninsured loss records being broken
Global insured losses exceeded US$100 billion for the fourth consecutive year but the more concerning figure was the total economic loss surpassing US [...]
Africa faced tough times in 2023 but sparks of optimism remain, said Brookings
2023 was remarkably difficult, according to the annual Foresight Africa 2024 report.
Complied by Brookings, the report confirmed that most African [...]
Natural disasters cost a record US$380 billion, warns Aon
The 398 global natural disasters in 2023 cost a record US$380 billion, 22 per cent above the 21st century average.
According to broker AON in its 2 [...]
WEF marks out several African countries for resilience and sustainability impacts on economies
Several African economies feature highly in a new World Economic Forum (WEF) report offering a re-evaluation of global economic growth, introducing a [...]
East Africa set to be Africa’s powerhouse, suggests Stears
Stears, an economic analysis and data-driven insights provider, has unveiled its 2024 African Outlook Report, in which it found that in 2024, Africa's [...]
Insured losses fall as cost of natural disasters remains the same, reports Munich Re
Worldwide, natural disasters in 2023 resulted in losses of around US$ 250bn (previous year US$ 250bn), with insured losses of US$ 95bn (previous year [...]
ICEA Lion Group CEO elected as vice-chair to UN PSI board
ICEA Lion Group CEO Philip Lopokoiyit has been officially elected as the vice-chair of the board of UN Environment Programme’s Principles for Sustaina [...]
Aon launches colaborative crop insurance with AfDB and Amini
Broker Aon has announced collaboration with the African Development Bank (AfDB) and Amini, an innovator in space technology and artificial intelligenc [...]
Call to action: secure the future of the African insurance industry
In today's rapidly changing world, the importance of sustainability is increasing day by day. Iara Sousa, an experienced insurance professional and ne [...]
Insurer ATIDI supports Ugandan power project
ATIDI (the African Trade Insurance Agency) is to support the 20MW Ituka West Nile Uganda Ltd solar project developed by AMEA Power, a Du [...]