Category: Environment
Insured losses fall as cost of natural disasters remains the same, reports Munich Re
Worldwide, natural disasters in 2023 resulted in losses of around US$ 250bn (previous year US$ 250bn), with insured losses of US$ 95bn (previous year [...]
Aon launches colaborative crop insurance with AfDB and Amini
Broker Aon has announced collaboration with the African Development Bank (AfDB) and Amini, an innovator in space technology and artificial intelligenc [...]
Insurers add voice to climate change debate as COP28 ends
As the UN’s global climate talks came to a close, the insurance industry is taking stock of the decisions made and the direction that world leaders w [...]
Insurer ATIDI supports Ugandan power project
ATIDI (the African Trade Insurance Agency) is to support the 20MW Ituka West Nile Uganda Ltd solar project developed by AMEA Power, a Du [...]
Oh, so quiet: COP28’s ‘soft landing’ in Dubai
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Those expecting fireworks and razzmatazz aplenty to coincide with the United National Climate Change [...]
Credit insurer teams up with west African bank to use insurance to build capacity in the face of climate change
In what was called “a significant move” at COP 28, the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a [...]
New US$1bn agricultural insurance facility unveiled at COP28 by AfDB
The African Development Bank Group (AfDB) is planning a US$1bn facility to provide insurance to more than 40-million farmers across the continent agai [...]
AXA Climate contributes to the launch of a parametric insurance project across multiple cities in Togo
AXA Climate, part of global insurer AXA Group, London-based broker Howden and Togo-based non-governmental organisation Pionners en Action pour le Déve [...]
NDSI to strengthen African insurance voice at COP28
As climate-related vulnerabilities and uncertainties continue to escalate in Africa, the significance of the African insurance sector’s role increases [...]
How are natural catastrophes influencing African insurance markets?
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With natural catastrophes seemingly on the rise, the risk of growing un- and under-insurance across th [...]