Category: Environment
Mozambique purchases cyclone insurance through Pula and ASR
In a first for Africa’s second most disaster-prone country, the Mozambique government, through the National Institute of Disaster Management (INGD), h [...]
Losses and damages in sharp focus at IPCC meeting
The latest Intergovernmental Panel on Climate Change (IPCC) report, approved during a week-long session in Interlaken, brings into sharp focus the los [...]
African Risk Capacity Group and Djibouti government sign first multi-year, multi-peril agreement in Africa to protect most climate-vulnerable communities
The government of Djibouti has signed the first-ever multi-year, multi-peril agreement on the African continent with the African Risk Capacity Group ( [...]
Wake-up call to insurers from Moody’s RMS
The immense economic and insured losses from the increasing numbers of catastrophic events worldwide make it critically important to meet the signific [...]
Zep-Re urges more collaborations to stop premiums flight
Regional reinsurer, Zep-Re, is calling for more collaboration to enhance the technical and financial capacity of local insurers to ensure their capabi [...]
Insurers must educate insureds if penetration rates are to rise
Education is essential if insurers are to increase the penetration rates across Africa and reach the currently under-served populations.
However, f [...]
Africans take more cases against oil majors to European courts
In what is a continuing trend, environmental activists have been taking their African complaints to European courts in a bid to force major corporates [...]
Path to net-zero: Europe’s insurers stand firm on ESG goals amid energy crisis
European insurers’ and reinsurers’ shorter-term goals to cut underwriting emissions are under pressure as several countries across the continent retur [...]
East Africa oil project new test as Marsh becomes latest target of climate activists
New York-based insurance broking giant Marsh has become the latest target of climate activists, presenting a new test on the sustainability of the con [...]
Madagascar has contingencies to aid its swift recovery from devastating impacts of tropical cyclones
The unusually protracted journey tropical cyclone Freddy led across the Indian Ocean this past month was a stark reminder of the vulnerability African [...]