Category: Environment
ARC launches new insurance product for tropical cyclones
African Risk Capacity (ARC) is proposing a new insurance mechanism for African countries in the southwest Indian Ocean (SWIO) region to cope with the [...]
Africa escapes worst of natural catastrophes, but resilience down
Insurance industry losses from natural catastrophes and manmade disasters globally amounted to $83bn in 2020, according to Swiss Re Institute's prelim [...]
Insurers must address climate change as global businesses wake up to the risks
Global businesses are facing an era of unprecedented disruption and transformation as a direct result of climate change.
The financial cost of clim [...]
SSI updates sustainable roadmap for shipping
The Sustainable Shipping Initiative (SSI) has launched an updated Roadmap to a Sustainable Shipping Industry, a resource for stakeholders across the s [...]
Zep Re to buy 56% in ACRE Africa
African reinsurer Zep-Re (PTA Reinsurance Company) has agreed with the shareholders to acquire a controlling 56% stake in ACRE Africa.
ACRE Africa [...]
Businesses must act to save biodiversity
Businesses across Africa have a critical role to play in addressing the inherent, existential risks of biodiversity loss, warns a new report.
Howev [...]
Insurance solution designed to reduce water risks
Global Parametrics (GP), a provider of parametric protection against climate risks in emerging markets, has structured two risk transfer solutions usi [...]
Africa’s farmers need insurance and finance support to tackle climate change
Only 1.7% of climate finance, a fraction of what is needed, goes to small-scale farmers in developing countries, despite their disproportionate vulner [...]
Agriculture getting boost, but needs insurance support too
More money will be coming to support agricultural development in some of Africa’s poorest countries, but a leading Kenyan insurance voice has also urg [...]
Smart cities offer new opportunities for insurers
A new report, Cities at risk – Building a resilient future for the world’s urban centres, published by Lloyd’s, Urban Foresight and Newcastle Universi [...]