Category: Environment
Madagascar receives $1.5m from ARC and AfDB after cyclone Freddy
Representatives from the African Risk Capacity (ARC) Group and the African Development Bank presented two symbolic cheques to the govern [...]
South Africa’s New National partners with JBA Risk Management for global flood data
Insurer New National Assurance has signed an annual deal with JBA Risk Management for the use of its flood data for South Africa.
The 50-year-old s [...]
Kenya counts on insurance and livestock marketing to cut pastoral poverty
Kenya is counting on insurance uptake and building of regional markets to build resilience of pastoralist farmers spread out in nearly half of the cou [...]
Gambia receives US$187,641 insurance payment from ARC Ltd
The Gambian government has received an insurance pay out of US$187,641 following its participation in the African Risk Capacity (ARC) Group mechanism. [...]
Kenya’s World Bank-backed $140m livestock cover races past annual target
Kenya’s World Bank-backed livestock insurance project has signed up 73,000 pastoralists in under five months, signalling that demand could outstrip th [...]
Two insurance giants quit Net Zero Insurance Alliance within a week
Zurich Insurance Group is withdrawing from the Net Zero Insurance Alliance (NZIA), becoming the second founding member to quit the climate group in le [...]
Like it or not, hard reinsurance markets are part of the re/insurer sustainability paradigm
Any self-respecting insurance or reinsurance expert can rattle off a long risk of reasons for hard or hardening reinsurance markets. They fail to ment [...]
Africa Inc builds trust, creates value on the back of ESG
Businesses across Africa, including the insurance sector, are leveraging their environmental, social and governance (ESG) strategies to build trust an [...]
Insurer joins US government efforts to promote and enhance climate resilience across Africa
In response to US Vice President Kamala Harris’s call for the private sector to promote and enhance climate resilience, adaptation and mitigation acro [...]
Second year of nat cat losses exceeding $100bn globally
With floods in South Africa, Hurricane Ian in Florida, record-breaking losses from hailstorms in France, floods in Australia, winter storms in Europe [...]