Category: Governance
Kenya’s insurance regulator puts inclusion, sustainability at the heart of its new strategy
Kenya’s insurance regulator has unveiled its draft strategic plan that puts inclusion and sustainability practices at the heart of its focus amid elev [...]
Insurance industry outlook in Zimbabwe amid economic and market trends
Zimbabwe's insurance market is expanding, but it is still lagging behind in several important areas, players were warned at the three-day Institute of [...]
Nigerian insurers target N1 trillion premium income as recapitalisation looms
Operators in the Nigerian insurance industry are targeting Gross Premium Income (GPI) of over N1 trillion by the end of the 2023 financial year accord [...]
Kenya’s insurance regulator pressured over underwriters’ capital adequacy test
Kenya’s insurance regulator is facing pressure from a consumers’ lobby group over allegations that it has allowed insurers with low capital levels to [...]
Insurance supervisors must act on natcat risks, says IAIS
Natural catastrophe (NatCat) protection gaps – the uninsured portion of economic losses caused by natural disasters – matter for insurance supervisors [...]
NAICOM unveils 10-year plan; seven focal points to drive insurance growth
The National Insurance Commission (NAICOM) has unveiled a 10-year transformation plan for the insurance industry in Nigeria, emphasising seven core st [...]
Ugandan regulator focuses on the benefits of commercial insurance
The Uganda Insurers Association (UIA) aims to continue engaging the broader business community on the relevance of insurance in successful business op [...]
Egypt launches its first actuarial tables for life market
The Egyptian Financial Regulatory Authority (FRA) has developed and launched the first Egyptian actuarial tables for the life insurance market.
It [...]
Ugandan insurance sector customers dissatisfied with claim settlement, survey finds
A new survey conducted by the regulator of Uganda’s insurance sector on the levels of customer satisfaction in the industry has revealed dissatisfacti [...]
Africa Specialty Risks Re gains Baa1 rating from Moody’s
Africa Specialty Risks Re (ASR Re), the pan-African focused reinsurance group, has been assigned a Baa1 long-term insurance financial strength rating [...]