Category: Governance
Geopolitics, climate risks and profit pressures cloud outlook for South African insurers
A widening catastrophe protection gap, geopolitical instability and mounting pressure on profitability are forcing South African insurers to rethink h [...]
Protection gap library launched by IAIS to support insurance regulators
The International Association of Insurance Supervisors (IAIS) has launched a Protection Gaps Library of Initiatives, an online resource featuring init [...]
AI a huge enabler for insurers, but with caution
Artificial intelligence (AI) is seen as a huge enabler of insurance and those who are slow to adopt may well get left behind in the race for success i [...]
Put underwriting discipline ahead of growth, African reinsurers urged
With three out of four of the global rating agencies giving the region a stable outlook as reinsurance markets head to 1/1 renewals, that measured sta [...]
Can Africa’s risk capacity keep pace with its changing risk profile?
Prolonged disruption around the Strait of Hormuz has become a real-time test of how quickly geographically distant risks can affect trade, product [...]
AI is a tool but underwriting discipline must remain, industry warned
With so much challenging economies, from wars around the world to climate change and tough economic times, insurance is a vital tool to protect busine [...]
Building a professional industry: the impact of Kenya’s Insurance Professionals Act
With the Insurance Professionals Act formally coming into force last year, there has been a sea change in the approach that all Kenyan insurance pract [...]
Changing market conduct laws in South Africa
Insurers and intermediaries of all kinds who conduct financial services business in or into South Africa must be alert to the imminent changes to the [...]
Local capacity comes under focus as Kenya tightens rules on offshore reinsurance
Kenya’s insurance regulator is tightening oversight of reinsurance placements for 2027, putting greater emphasis on local capacity and requiring insur [...]
Climate reporting rules add to Africa insurers’ rising cost of measuring risk
Africa's insurance industry has spent years investing in systems, data, actuarial expertise and reporting capabilities to meet increasingly demand [...]