Category: Governance
The Nairobi Declaration: African solutions to Africa’s insurance sustainability challenge
Leading insurance and reinsurance brands in attendance at the 2023 African Insurance Organisation (AIO) Conference were challenged to assist the conti [...]
Being part of a global community brings challenge but also opportunity
Balancing local needs with global demands is one of the challenges facing the African insurance market this year as it meets the challen [...]
Mozambique purchases cyclone insurance through Pula and ASR
In a first for Africa’s second most disaster-prone country, the Mozambique government, through the National Institute of Disaster Manage [...]
Future of Net Zero Insurance Alliance uncertain as three more global giants quit
Questions are being asked about the survival of the Net Zero Insurance Alliance after three more departures, including the group’s chair, as insurance [...]
Government overturns suspension of Kenya’s insurance industry regulator boss
Kenya’s government has reinstated the Insurance Regulatory Authority (IRA) commissioner general Godfrey Kiptum back to the helm of the regulatory body [...]
Zimbabwe’s insurance sector moving towards complete dollarisation
The insurance sector in Zimbabwe is moving towards complete dollarisation, as per data from the Insurance and Pension Commission (IPEC). Industry part [...]
Are financial sector regulators overstepping by entering the climate, sustainability debates?
The days of financial sector regulators focusing exclusively on the matters they are tasked with regulating appear to be over, as they expand their ju [...]
Nigerian Insurance Bill hangs in balance as President leaves office May 29
As Nigerian President, Muhammadu Buhari, prepares to leave office on May 29, 2023 after eight years in office, operators in the insurance industry are [...]
Warnings to insurance world on greenwashing are growing
The European Parliament has backed draft legislation to improve product labelling and durability and to put a stop to misleading claims and so-called [...]
Moroccan Takaful business grows to 11.8m dirhams in first year
Takaful insurance in Morocco has generated a premium volume of 11.8m dirhams in 2022 – the first year of operations.
This figure is o [...]