Author: Patrick Alushula
Zep-Re urges more collaborations to stop premiums flight
Regional reinsurer, Zep-Re, is calling for more collaboration to enhance the technical and financial capacity of local insurers to ensure their capabi [...]
Weak shilling drives up spare-parts costs to pile pressure on Kenya’s motor insurers
The Kenyan shilling has continued to weaken against the US dollar, driving up spare parts costs to pile pressure on the East African economy’s motor i [...]
East Africa oil project new test as Marsh becomes latest target of climate activists
New York-based insurance broking giant Marsh has become the latest target of climate activists, presenting a new test on the sustainability of the con [...]
Pressure eases on Kenya’s general insurers as motor losses improve
Kenya’s general insurers cut underwriting losses by 45% in the nine months ending September 2022 as the performance of motor insurance improved, with [...]
Kenyan underwriters cut their stock market investments to record lows
Kenyan insurers and reinsurers have cut their investment in equities to record lows and ramped up their holding of government paper in a bid to chase [...]
Space exploration starts to benefit African insurance market
At the first-ever US-Africa Space Forum, delegates reaffirmed the US’s commitment to collaborating with African partners on the peaceful use and explo [...]
How Zep-Re is implementing a World Bank-backed project to reach 250,000 pastoralists in the Horn of Africa and enabling $500M in private capital
Zep-Re (PTA Reinsurance Company) is implementing the first component of a World Bank-backed project that is targeting to enable more than US$500 milli [...]
Swiss Re Foundation announces $0.5m grant to fund Africa’s insurance innovations
The Swiss Re Foundation has announced a US$500,000 grant to spur innovation of insurance products for the underserved communities in Africa in the wak [...]
Signatories to Nairobi Declaration pledge to underwrite $14bn climate risks to ensure sustainability
The Signatories of the Nairobi Declaration on Sustainable Insurance have pledged to set-up Africa Climate Risk Facility to underwrite $14bn climate ri [...]
Tanzanian insurers launch consortium to keep oil and gas capacity in country
A consortium of 22 insurance companies in Tanzania is to provide cover for significant oil and gas projects, including the US$30 billion Lindi’s Lique [...]