Author: Patrick Alushula
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 [...]
President Museveni says Uganda-Tanzania pipeline can’t match that of countries lecturing him on climate change as role of insurers highlighted
President Yoweri Museveni of Uganda has continued his tirade against those opposed to the East African Crude Oil Pipeline (EACOP) saying the planned p [...]
Kenya insurers eye single digital information-sharing system to cut medical underwriting losses
Kenya’s medical insurers want to set up a single system that will allow them to share information on a real-time basis in a bid to cut underwriting lo [...]
Zambia and Nigeria insurers to add 2.4 million new climate policies for smallholder farmers
Underwriters in Zambia and Nigeria will add 2.4 million climate change insurance policies in the next three years, thanks to an International Finance [...]
Data-driven solutions key to building resilient insurance products, says Munich Re
Underwriters need to increasingly use data technologies if they are to put the right products before the right customers and run sustainable businesse [...]
Underwriters must spread their climate risks, warns ARC
Underwriters in Africa have been challenged to spread their climate-related risks and forge partnerships that can cut the frequency and severity of su [...]
Africa insurers urged to tweak business models to meet ESG goals
Africa insurers and reinsurers have been challenged to tweak business models and increase their investments if they are to meet environmental, social [...]
Insurable risks on the rise across Africa despite headwinds of low penetration
East Africa’s insurance market is poised for growth as economic progress presents new insurable risks that underwriters can seize to overcome the curr [...]