Category: Governance
Uganda gets first insurtech company to underwrite microinsurance
Turaco has been licensed to underwrite microinsurance in Uganda. The insurtech company becomes the first to acquire this underwriting licence.
Duri [...]
IRA: The Ugandan insurance fraternity has a role to play in entrenching a saving culture
Insurers have been told to support Uganda’s investment portfolio through boosted savings. According to Protazio Sande, the director in charge of plann [...]
The test that South Africa’s re/insurer compliance teams will come to dread
The compliance burden carried by South African banks and insurers continues to expand, with the latest salvo fired by the country’s Prudential Authori [...]
Private and public sectors still figuring out how to collaborate on risk
The private and public sectors are still figuring out their respective roles in collaborating on risk mitigation and risk transfer, especially in Afri [...]
ATIDI seeks to increase its business in Senegal
The African Trade & Investment Development Insurance (ATIDI) has completed a workshop on “De-risking trade and Investments in Africa [...]
FSD Africa trains Naicom staff
Financial Sector Deepening Africa (FSD Africa) has partnered with the Nigerian insurance regulator (NAICOM) as well as trained 70 personnel of the Com [...]
NAICOM seeks greater role for insurers in oil/gas business via local content policy
After many years of lamenting inability to underwrite big-ticket transactions in the lucrative oil and gas sector of the Nigerian economy, due to fina [...]
Why integrating ESG in Uganda’s insurance sector is pivotal to driving sustainable growth
Uganda’s insurance sector is undergoing a transformative shift as it recognises the importance of environmental, social and governance (ESG) considera [...]
ARC Ltd enjoys rating upgrade by Fitch
US rating agency Fitch has upgraded the outlook for African Risk Capacity Ltd (ARC) to stable. Fitch has also given the company an IFS Rating of ‘A-’ [...]
Solvency and liquidity among insurers down slightly, warns global supervisors association
Interim analysis has found a slight decrease in solvency and liquidity among insurers as well as limited direct interconnectedness of the insurance se [...]