Category: Governance
Time for Africa insurance markets to embrace harmonisation
African insurers and reinsurers alike should be embracing harmonisation for the opportunities it will produce, rather than looking for the negative ch [...]
AM Best upgrades GIC Re to A-
AM Best has upgraded the financial strength rating to A- (excellent) from B++ (good) and the long-term issuer credit rating to “a-” (excellent) from “ [...]
GIG Egypt enjoys rating upgrade from AM Best
AM Best has upgraded the financial strength rating to A (Excellent) from B++ (Good) and the long-term issuer credit rating to “a” (excellent) from “bb [...]
GFIA warns Zambian government that changes to the insurance law will reduce foreign investment
The Global Federation of Insurance Associations (GFIA) has written to Zambia’s Finance Minister, raising concerns over the country’s Insurance Act No. [...]
ASR Ltd starts operating as a Lloyd’s service company
Africa Specialty Risks (ASR), the pan-African- and Middle East-focused (re)insurance group, has announced that Africa Specialty Risks Ltd (ASR Ltd), A [...]
Kenyan insurers face delicate balance between investment returns and freeing up money for claims payment
Insurers must be prudent when investing premiums so that the chase for a return does not stand in their way of settling customers’ claims. That is the [...]
Good governance key to deepening insurance penetration, suggests Nigerian regulator
Entrenching good corporate governance is going to be crucial if insurers operating in Nigeria are to solve customers’ pain points and lift penetration [...]
New microinsurance and agriculture pool planned for Africa, says AIO
New microinsurance and agriculture insurance pool for Africa planned as the Microinsurance Network (MiN), the global community dedicated to developing [...]
African reinsurers looking resilient and set to grow, says AM Best
High commodity prices, volatile and double-digit inflation, and a general deterioration in macroeconomic conditions in the aftermath of recent externa [...]
Africa insurance market has collaboration in clear focus as climate change rings disruption
Insurers, regulators and governments in Africa have the aim of collaboration in clear focus in order to navigate an era marked by climate change, [...]