Category: Governance
IRA concerned by increasing insurance fraud in the sector
Insurance fraud is continuing to rise in Uganda, causing mounting concern at the insurance regulator’s office.
Sande Protazio, director of planning [...]
The importance of financial inclusion and fintech driving insurance adoption
Regulators and operators seem to be realising the benefits of financial inclusion and financial technology (fintech) in driving insurance adoption and [...]
Munich Re posted “pleasing” result under first IFRS17 compliant report
Munich Re achieved both a good investment result in Q1 2023 and a “pleasing operational business performance”, after reporting its results according t [...]
NZIA gets boost as new member joins
The United Nations’ Principles for Sustainable Insurance Initiative (PSI) welcomes Beneva as the first insurer domiciled and fully based in North Amer [...]
Financial inclusion ever more important for insurance supervisors in addressing natural catastrophe protection gaps
Insurance supervisors are likely to step up their work on financial inclusion, according to the International Association of Insurance Supervisors (IA [...]
Investments help Kenya’s insurers offset underwriting losses
Kenya’s general insurers cut their underwriting losses and enjoyed increased investment income to record a 61% jump in pre-tax profit to KES14.16bn in [...]
Cyber premiums on risk despite more disciplined unwriting, reports IAIS
Global cyber insurance premiums have continued to grow despite tighter terms and conditions and stricter risk selection, according to a new report.
[...]
Morocco life insurance: major movements in the aftermath of the pandemic
Life insurance benefits and costs in Morocco jumped 22% to reach Dirhams15.1 billion in 2021, driven mainly by redemptions which marked [...]
Retirement funds facing significant regulatory change, warns PwC
The retirement funds industry in South Africa has experienced significant regulatory changes over the past couple of years and it has become ever more [...]
East African insurance industry supervisors push for policy harmonisation to boost penetration
Supervisors of the insurance industry in the East African Community (EAC) member states have pledged to work together towards achieving a one and harm [...]