Category: Governance
Banks and insurers cautioned against rushed net-zero plans that may promote green-washing
Insurers and banks are being asked to stick to their net-zero plans and avoid falling into a rushed transition that may encourage green-washing in th [...]
Push for a reasoned approach to sustainable finance disclosures
Policymakers should not rush headlong into new sustainability-focused regulations and standards without first consulting widely with industry, and per [...]
ATIDI provides counter guarantee to InfraCredit for Bond and Debt Finance in Nigeria
The African Trade & Investment Development Insurance (ATIDI), a pan-African multilateral Insurer, announced the issuance of a portfo [...]
Mauritian insurer ready for capital injection in Kenyan unit on discovery of inaccurate accounts
Mauritius-based MUA Limited stands ready to inject money in its subsidiary in Kenya after provisional scrutiny showed the unit may have understated th [...]
Innovation and good governance key to impactful insurance, says Nigeria insurance professionals’ body
Nigeria’s organisation for insurance professionals says good governance and continuous innovation hold the key to ensuring impactful und [...]
Kenya’s insurers advise premium top-ups to reflect VAT on compensation
Underwriters in Kenya are advising customers to increase premiums if they have to enjoy the same level of sum assured they were entitled to prior to t [...]
Zimbabwe’s insurers face regulatory sanctions for delaying claims payment
The regulator of insurance and pensions business in Zimbabwe has directed all insurance companies to settle claims on time amid mounting complaints th [...]
Kenya insurance sector rising outstanding premiums tests insurers and intermediaries partnership
Kenya’s insurance sector outstanding premiums have crossed the KES50bn mark, putting a spotlight on insurers and intermediaries in the east African ma [...]
IFRS17 is key to insurance accounting and reporting, NAICOM seminar reports
The National Insurance Commission (NAICOM) in Nigeria says that IFRS17 is of utmost significance in the realm of insurance accounting and financial re [...]
Banking deal paves way for insurance to back Ivory Coast ESG plans
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and the African Development Bank (AfDB) have signed a strategic risk [...]