Category: Reports
Floods across east Africa cause havoc but few insurance losses
In Somalia, floods which have persisted from March to May have ravaged shelters, latrines, farmland and livestock. The education of thousands of child [...]
Working together for the common good of the insurance sector essential, suggests Continental Re head
Collaboration and partnerships are essential for Africa’s insurance market to reach its potential, insurance CEOs from across Africa heard as they [...]
Personal P&C up 3% annually since pre-Covid levels, says McKinsey, but developing markets still face challenges
Despite a slowdown during the height of the pandemic, personal property and casualty (P&C) insurance has seen annual growth of 3% since 2019, acco [...]
Marsh warns one in three globally set to be impacted by flooding
One out of three people globally will be threatened by flooding in a 1.5°C warming scenario, according to a new report from brokers Marsh McLennan.
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P&C lines strong but insurers face challenges ahead, warns McKinsey
Global commercial property and casualty (P&C) lines have delivered strong financial performance in recent years following the soft market of 2013 [...]
Tropical cyclones: stormy times ahead, warns Africa Risk Capacity
After Cyclone Idai hit in 2019, the Swiss Re Institute reported that the overall economic loss for Mozambique, Malawi and Zimbabwe was around $2bn, of [...]
How standalone terrorism coverage can reduce an insured’s total cost of risk
Throughout 2022, the public learned of plots to kidnap elected officials, politically motivated shootings and bomb threats. Politically motivated acts [...]
Political risk is highest seen globally in the last five years, warns Verisk Maplecroft
After two years in which the Covid-19 pandemic served as the primary source of global instability, the conflict in Ukraine was the main driver of risk [...]
Strong leadership required across African insurance industry
Although the African insurance market is poised to take off, voices keep warning that the methods used to win over customers across the continent are [...]
Africa set to lead in economic growth in 2023
Africa’s economic recovery has been disrupted in 2022 by a range of internal and external shocks – including adverse weather conditions, rapidly risin [...]