Category: Environment
Tropical storm hits five African countries as insurers warned on climate change
Tropical Storm Ana has passed over northern Madagascar, crossed over to Mozambique and subsequently reached Malawi, Zambia and Zimbabwe, causing 77 de [...]
Catastrophe losses spike as global temperatures edge higher
The latest natural catastrophe statistics may not silence the occasional crackpot climate change denialist; but they go far enough to convince the rat [...]
ATI to guarantee larger power projects on doubled funding
What was the size of funding for the RLSF in the last four years and what were you able to achieve?
The pool of funding that was made availab [...]
Climate war looms unless change happens – and insurance can help
Climate diplomacy – the strategic cooperation or competition of states towards climate-related goals – is anticipated to drive global political develo [...]
Zep Re set for Rwanda expansion as global reinsurance market hardening bites across Africa
Zep Re is set to expand its operations further in Rwanda with a new office in the capital Kigali, after 18 months of preparation and government approv [...]
Nigerian insurer extends agri-insurance policy to improve farming resilience
One of Nigeria’s leading insurers has extended its existing agriculture cover to protect farmers whose crops are destroyed by cattle encroaching onto [...]
Resilience and ESG critical as companies emerge from pandemic
Climate risks dominate global concerns as the world enters the third year of the pandemic. According to the World Economic Forum’s (WEF) Global Risks [...]
Insurers faced second costliest year on record in 2020 from natural disasters
Global losses from natural disasters in 2020 came to $210bn, of which some $82bn was insured. Both overall losses and insured losses were significantl [...]
Nat cat insured losses rise globally in 2021
Extreme weather events in 2021, including a deep winter freeze, floods, severe thunderstorms, heatwaves and a major hurricane, resulted in annual insu [...]
ESG guidelines reinforce Kenya insurers’ sustainability focus
Kenya’s securities exchange has given listed firms a year to start environmental, social and governance (ESG) reporting, with insurers having the uppe [...]