Author: Patrick Alushula
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 [...]
UK firm with majority stake in struggling Kenyan insurer Resolution says law makes acquisitions unattractive
Directors of a UK-based insurance solutions provider that acquired a majority stake in the now under statutory management Kenyan underwriter, Resoluti [...]
Kenya’s underwriters wary of insuring commercial motorcycles and three-wheelers
Kenya's underwriters are worried that they might face a high claims ratio in the proposed compulsory third-party insurance for commercial motorcycles [...]
African underwriters cannot afford to steer clear of region’s mega oil project
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African insurers and [...]
Kenya’s underwriters pay record KSH17bn policy surrenders on Covid-19 hardships
Kenya’s underwriters’ payments to customers abandoning polices quadrupled in 2021 to hit KSH17.09bn ($148.8m) on the back of coronavirus-induced econo [...]
For all their fine words, Kenyan insurers are failing customers on claims payment
Insurance exists on convincing customers to buy a promise: “Pay premiums now when all is working and I’ll be there in your darkest hour to provide the [...]
Kenya’s insurance regulator to conduct study on premium pricing amid low penetration
Kenya’s insurance regulator wants to conduct an actuarial study to determine appropriate premium rates for the sector amid persistently lower penetrat [...]
ATI to guarantee larger power projects on doubled funding
What was the size of funding for the RLSF in the last four years and what were you able to achieve?
The pool of funding that was made availab [...]
Kenya’s underwriters count on premium hike to halt losses in motor insurance
Kenya’s underwriters are counting on increased premiums to halt the streak of losses in motor insurance but will first have to surmount legal hurdles. [...]