Category: Governance
Santam South Africa to buy MTN South Africa’s insurance book
Santam, South Africa’s short-term insurer, is to buy MTN South Africa’s device insurance book.
The pair said the acquisition, and alliance, is to s [...]
African Insurance Awards 2023 deadline extended until March 20
The submission of nominations for the 8th edition of the African Insurance Awards (AIA) has been extended to 20 March 2023. Through thes [...]
IAIS calls for industry comments on climate-related guidance
The International Association of Insurance Supervisors (IAIS) is calling for comments on its climate-related guidance and is giving the sector until M [...]
Seychelles insurers called in to address concerns on new marine rules
Seychelles President Wavel Ramkalawan called in all local insurance companies along with the Seychelles Maritime Safety Authority (SMSA) and other rel [...]
Nigeria: premium under threat in Q1 as naira and political crises persist
The 2023 business year began on a positive for Nigerian insurers when the industry regulator, National Insurance Commission (NAICOM), raised the third [...]
Insurers must educate insureds if penetration rates are to rise
Education is essential if insurers are to increase the penetration rates across Africa and reach the currently under-served populations.
However, f [...]
Moody’s affirms ATI rating at A3 and positive
Moody’s Investors Service has affirmed the A3 insurance financial strength rating (IFSR) of the African Trade Insurance Agency (ATI) for the fifth con [...]
AfDB seeks insurer support for 2023 programme
The co-financing, syndications and client solutions department of the African Development Bank Group has met with London-based insurers to galvanise c [...]
Insurers’ concern mounting over Ghana debt crisis
The Chartered Insurance Institute of Ghana (CIIG) has warned that more than 7.5-million policies will be affected by the Domestic Debt Exchange (DDE) [...]
Identifying, assessing and monitoring compliance essential to sustainable business
Compliance risk management centres around identifying, assessing and monitoring your organisation’s compliance to regulations and implementing effecti [...]