Category: Governance
Unclaimed pensions funds in Zimbabwe causing regulatory concern
Ten years after leaving his employment at a nearby factory, Clayton Mwembe, a Makwika resident in the coal-mining town of Hwange in Zimbabwe, continue [...]
Nigerian insurance market sees huge surge in premium income, but claims up too, says Naicom
The insurance market regulator in Nigeria, the National Insurance Commission (Naicom), has released new figures for the sector, revealing that the tot [...]
Zurich next to leave Net Zero Alliance, just days after Munich Re quit the group
Zurich Insurance Group is withdrawing from the Net Zero Insurance Alliance (NZIA), becoming the second founding member to quit the climate group in le [...]
Climate justice one step nearer after UN resolution, improving chances of climate financing
Climate justice is thought to be one step closer after a recent United Nations General Assembly resolution, allowing the UN General Assembly to seek t [...]
Munich Re leaves Net Zero Insurance Alliance citing risk of anti-trust action
Munich Re has pulled out of the Net-Zero Insurance Alliance (NZIA), citing the risk of exposure to anti-trust risks.
“In our view, the opportunitie [...]
Insurers push for customer-focused insurance industry to boost penetration
The Commissioner for Insurance in Kenya, Godfrey Kiptum, has called on insurers to focus on micro-insurance products, commonly known as hustler produc [...]
Consumers will judge insurers’ sustainability credentials
Firms in the insurance industry are increasingly being judged by consumers – and society – for their achievements or shortcomings in non-insurance are [...]
Nigerian shareholders frown at foreign acquisition of local insurers, frequent recapitalisation
The Independent Shareholders Association of Nigeria (ISAN) has described as pathetic the acquisition of local insurance firms by foreign conglomerates [...]
The cost of hesitating digitisation – missed opportunities in the insurance industry
The insurance industry deals with data in every activity and as people’s tastes improve, the numbers are also increasing. There are fears that avoidin [...]
Insurance penetration will never be 100%, warns actuary
A 100% insurance penetration rate would mean that the total value of insurance premiums equals the entire GDP of a country. This is impossible because [...]