Category: Governance
Need for better insurance data highlighted by AIO report
The need for better data has been highlighted by a new report from the African Insurance Organisation (AIO).
In its annual report, produced by [...]
CIMA-zone insurers urged to actualise domestication of mining premiums
Drissa Traoré, deputy managing director of SanlamAllianz Burkina Faso, discusses the opportunities that the Burkinabè mining sector offers to the [...]
Kenya’s insurers, reinsurers and intermediaries face higher annual fees
Kenya’s insurers, reinsurers and intermediaries could soon pay more for annual licence renewals as the National Treasury moves to raise regulatory fee [...]
Capacity constraints test Zimbabwe’s funeral insurers in push to adopt IFRS 17
Zimbabwe’s funeral underwriters are taking baby steps in switching to International Financial Reporting Standard 17 (IFRS 17), coming nearly three yea [...]
Reinsurance forum pushes for local capital retention to strengthen African markets
African reinsurers must act to curb the export of capital abroad, according to speakers at the African Insurance Organisation (AIO) reinsurance forum [...]
S&P gives Guinea first rating of B+
Rating agency Standard & Poor’s (S&P) has assigned the Republic of Guinea an inaugural rating of “B+” with a “Stable” outlook. This decision r [...]
Nigerian insurance sector faces shake-up as recapitalisation deadline looms
Nigeria’s insurance sector faces sweeping consolidation as the July 2026 recapitalisation deadline nears, with firms unable to raise fresh capital at [...]
Moody’s shifts outlook downwards on global reinsurance sector
Rating agency Moody’s has changed its outlook on the global reinsurance sector to stable from positive.
It blames the outlook shift on property pri [...]
CIMA zone: Insurers to implement new internal measures to combat money-laundering risks
Since 10 July 2025, insurance companies and organisations in the CIMA (Inter-African Conference on Insurance Markets) zone have been required to i [...]
Uganda nears rollout of Islamic insurance as IRA awaits Finance Minister’s approval
Uganda is set to launch Takaful, a Shariah-compliant insurance model aimed at enhancing financial inclusion and catering to the needs of the Muslim co [...]