Category: Governance
AM Best affirms Continental Re’s financial strength rating at B+
Continental Re’s (CRe) financial strength rating of B+ (Good) and the long-term issuer credit rating of “bbb-” (Good) from AM Best has been affirmed. [...]
Moody’s life insurance sector 2024 outlook stable
Rating agency Moody’s outlook for the global life insurance sector is stable, unchanged from last year. Life insurers in most regions continue to bene [...]
Global reinsurance sector capital adequacy remains sound, reports IAIS
The International Association of Insurance Supervisors (IAIS) reports that global insurance sector capital adequacy remains sound but has slightly dec [...]
Kenya’s insurance regulator puts inclusion, sustainability at the heart of its new strategy
Kenya’s insurance regulator has unveiled its draft strategic plan that puts inclusion and sustainability practices at the heart of its focus amid elev [...]
Insurance industry outlook in Zimbabwe amid economic and market trends
Zimbabwe's insurance market is expanding, but it is still lagging behind in several important areas, players were warned at the three-day Institute of [...]
Nigerian insurers target N1 trillion premium income as recapitalisation looms
Operators in the Nigerian insurance industry are targeting Gross Premium Income (GPI) of over N1 trillion by the end of the 2023 financial year accord [...]
Kenya’s insurance regulator pressured over underwriters’ capital adequacy test
Kenya’s insurance regulator is facing pressure from a consumers’ lobby group over allegations that it has allowed insurers with low capital levels to [...]
Insurance supervisors must act on natcat risks, says IAIS
Natural catastrophe (NatCat) protection gaps – the uninsured portion of economic losses caused by natural disasters – matter for insurance supervisors [...]
NAICOM unveils 10-year plan; seven focal points to drive insurance growth
The National Insurance Commission (NAICOM) has unveiled a 10-year transformation plan for the insurance industry in Nigeria, emphasising seven core st [...]
Ugandan regulator focuses on the benefits of commercial insurance
The Uganda Insurers Association (UIA) aims to continue engaging the broader business community on the relevance of insurance in successful business op [...]