Category: Governance
African insurers must prepare for IFRS 17 to remain resilient
African insurers have been urged to ensure they are genuinely ready for the new accounting standard, IFRS 17, if they are to remain successful in the [...]
Extreme weather events threaten insurers’ long-term sustainability
Extreme weather events continue to dominate global headlines, with torrential rain in Auckland and other parts of New Zealand a recent example. On Fri [...]
Regulators toughen approach across Africa to shore up motor insurance markets
In what looks like a co-ordinated approach to motor insurance, insurance regulators across the continent have toughened up their rules on motor insura [...]
Pressure eases on Kenya’s general insurers as motor losses improve
Kenya’s general insurers cut underwriting losses by 45% in the nine months ending September 2022 as the performance of motor insurance improved, with [...]
Kenyan underwriters cut their stock market investments to record lows
Kenyan insurers and reinsurers have cut their investment in equities to record lows and ramped up their holding of government paper in a bid to chase [...]
Greenwashing not fooling investors, new study finds
The more impact companies have on climate change, the more likely they are to issue climate reports, a new study has revealed.
According to the Vie [...]
AGCS sets up new ESG team
To further drive sustainability together with its customers as well as within its own operations, Allianz Global Corporate & Specialty (AGCS) has [...]
Nigerian insurers urged to sign Nairobi Declaration on Sustainable Insurance
The Nigerian industry needs to pay more attention to sustainability and resilience if it is to gain international recognition.
That was the message [...]
ARC launches its first product against high-impact epidemic risks
The Pan-African Risk Management Capacity (ARC) has launched a parametric insurance product against high-impact epidemic risks and Senega [...]
Mixed expectations: COP27 cements demand for climate-related investment opportunities
The slow pace of global climate change action has left many commentators – and especially those in the asset management community – grumbling about wh [...]