Category: Risk Management
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 [...]
ATIDI showcases place of development insurance in Africa’s risk mitigation
Innovative insurance solutions are driving sustainable development across Africa, according to African Trade and Investment Development Insurance (ATI [...]
Two reports on cyber cover warn there is more to be done by insurers
Cyber business interruption risks should receive the same level of attention as that given to information technology security controls and ransomware [...]
South African risk community calls for stronger risk management to support SONA 2025 goals
The Institute of Risk Management South Africa (IRMSA) has called on risk professionals to play a proactive role in ensuring the successful implementat [...]
Africa insurers must evolve their models as risks become more intricate
As risks become more complex and unpredictable and consumers more empowered, particularly with generative artificial intelligence (AI) tools at their [...]
The California wildfires: A warning for African insurers
According to the California Department of Forestry and Fire Protection, as of 2 October 2024, the number of structures which were destroyed and de [...]
Nigerian insurance market records improved claims management
The Nigerian insurance market posted improved management of claims in the third quarter of last year even as the regulator asked the players to use th [...]
South Africa’s risk managers urged to prepare for geopolitical and economic uncertainty
The Institute of Risk Management South Africa (IRMSA) is urging local risk managers to prepare for an increasingly uncertain global and domestic lands [...]
California wildfires hold vital lessons for African insurers and regulators
Global insurers and reinsurers banking on benign natural catastrophe losses in 2025 had their hopes dashed early in the New Year, as a series of w [...]