Category: Governance
Finsbury Re wins A rating from ICRA
Finsbury Reinsurance has been assigned an 'A' rating on the National Scale and a 'B' rating on the International Scale by International Credit Rating [...]
Data gaps holding back growth in African insurance markets, warns AIO
Africa’s insurance protection gap is not just a capital gap, it is also a data gap, according to a new report from the African Insurance Organisat [...]
Owning data may become a thing of the past as AI develops, leading reinsurers say
Working together and sharing data might be the answer to enabling the African insurance market to reach its full potential, believe some of the contin [...]
Fresh capital flows into African insurance market signal rising investor confidence
As the African Insurance Organisation’s general assembly got underway in Cairo, two new private capital vehicles announced moves into the African insu [...]
AfDB increases stake in ATIDI to 14% in effort to attract more private investment into infrastructure and development
The African Development Bank (AfDB) is to inject US$125 million into African Trade and Investment Development Insurance (ATIDI), a move that will make [...]
AI is outpacing governance systems, warns Willis
Artificial intelligence (AI) is rapidly reshaping how risk is understood, priced and managed, but the rate of adoption is outpacing existing AI govern [...]
LMA mulling over new standard war risk clauses
The marine market could soon see new standard war risk clauses after the Lloyd’s Market Association said it was considering a major rewrite of the cla [...]
KfW invests in ATIDI to support German business across Africa
The German development bank KfW, acting on behalf of and for the account of the Federal Republic of Germany, has become the latest share [...]
AI in financial services: where the real challenges are starting to emerge
You don’t have to look far to see how quickly artificial intelligence (AI) has settled into financial services. In some firms it remains tied to speci [...]
Nigeria sets stage for policyholders’ compensation with new guidelines
Insurance companies in Nigeria will begin contributing 0.25% of their net premium income to a dedicated compensation fund for policyholders in the eve [...]