Category: Risk Management
Africa’s rising climate risk: ZEP-RE’s Hope Murera calls for collaborative effort in strengthening disaster and climate resilience
While events like hurricanes in Florida, cyclones in Australia, or the California wildfires seem to dominate the global headlines, Africa is equal [...]
Search for stability drives more Zimbabweans to foreign currency-denominated life policies
More Zimbabweans are ditching locally-priced insurance policies for foreign-currency denominated ones in search of stability amid volatile foreign exc [...]
Africa insurers cannot afford to steer clear of continent’s natural catastrophe risks
Managing natural catastrophe (natcat) risks in Africa is becoming an ever more pressing issue as the continent faces up to the realities of climat [...]
Preparedness and rapid response boost re/insurers’ sustainability
Preparedness and rapid response are essential for insurers and reinsurers seeking to limit their exposures to natural catastrophe events. The dividend [...]
Better data sets could improve Africa’s risk profile and cut reinsurance costs
Better data sets can change the perception of the world about Africa’s risk levels and reward insurers through reduced reinsurance costs, Kenya Re [...]
South Africa’s risk and opportunity options following Budget delay
The abrupt postponement of South Africa’s national budget should be assessed from its immediate consequences as well as the medium-term strategic risk [...]
Africa insurers must balance between underwriting performance and investment returns
Insurance firms operating in Africa can sustain profitability through sound investments amid a turbulent underwriting market that is increasingly [...]
Risk pooling could enhance market stability and insurance availability
Africa has been home to a series of insurance pools through the years, most notably the oil and energy pool launched in 1989, but also pools such as S [...]
South African insurers seek sustainability amid lacklustre growth and policy uncertainty
The South African insurance sector remains resilient despite lacklustre economic growth, market saturation, policy uncertainty, and the rising frequen [...]
Uganda’s insurers to gain up to $12.8m monthly on localised marine cover
The Ugandan government has introduced a mandatory requirement for all traders to purchase marine insurance from locally licensed providers, offering a [...]