Category: Governance
Are financial sector regulators overstepping by entering the climate, sustainability debates?
The days of financial sector regulators focusing exclusively on the matters they are tasked with regulating appear to be over, as they expand their ju [...]
Nigerian Insurance Bill hangs in balance as President leaves office May 29
As Nigerian President, Muhammadu Buhari, prepares to leave office on May 29, 2023 after eight years in office, operators in the insurance industry are [...]
Warnings to insurance world on greenwashing are growing
The European Parliament has backed draft legislation to improve product labelling and durability and to put a stop to misleading claims and so-called [...]
Moroccan Takaful business grows to 11.8m dirhams in first year
Takaful insurance in Morocco has generated a premium volume of 11.8m dirhams in 2022 – the first year of operations.
This figure is o [...]
New Chartered risk institute launches in Nigeria
The Risk Management Association of Nigeria (RIMAN) has officially become the Chartered Risk Management Institute of Nigeria (CRMI).
Executive secre [...]
Uganda Insurance Regulatory Authority urges agents to sell more microinsurance solutions
Insurance agents should be selling more microinsurance solutions, suggested Bernard Obel, director of supervision at the Insurance Regulatory Authorit [...]
Time for African regulators – and insurers – to adapt to fast-changing environments, WAICA delegates told
African regulators must adapt to fast-changing market environments to allow insurers to take advantage of new opportunities as they arise.
That was [...]
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 [...]