Category: Governance
Kenya’s insurance regulator eyes hefty fines for rogue bosses
Kenya’s insurance industry regulator is proposing a Bill that will see bosses who mismanage insurance companies, including falsifying financial statem [...]
Namibian government urges insurance sector to innovate to build sustainability
The Namibian government has given its full backing for the growth of sustainable finance, including within the insurance sector.
Namibian prime min [...]
Directors’ risks gather pace as challenges for insurers look set to increase
The global risks to directors and officers (D&O) continue to gather pace, meaning D&O insurers must step up their efforts to monitor this fast [...]
Kenya’s underwriters ready to battle in court plan to tax insurance compensation
Kenya’s insurers stand ready to oppose in court the proposed amendment to the country’s Finance Bill, which tax experts warn is likely to tax compensa [...]
Uganda’s Insurance Regulatory Authority to digitise its supervisory operations
Uganda’s Insurance Regulatory Authority (IRA) is set to digitise supervising of the insurance industry at the start of the next financial year.
Thi [...]
The nexus between climate change and insurance in Zimbabwe amid damage and losses
Climate change is no longer being projected as an emerging risk but is a reality for insurance companies. Overall, physical risk, transition risk and [...]
Building financial resilience: Exploring how mitigating risk through financial reinsurance could be a path to sustainable growth
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The curatorship and subsequent winding up of a high-profile traditional insurer sent shockwaves through the South African ins [...]
The Nairobi Declaration: African solutions to Africa’s insurance sustainability challenge
Leading insurance and reinsurance brands in attendance at the 2023 African Insurance Organisation (AIO) Conference were challenged to assist the conti [...]
Being part of a global community brings challenge but also opportunity
Balancing local needs with global demands is one of the challenges facing the African insurance market this year as it meets the challen [...]
Mozambique purchases cyclone insurance through Pula and ASR
In a first for Africa’s second most disaster-prone country, the Mozambique government, through the National Institute of Disaster Manage [...]