Category: Governance
Competition hampering Botswana market development
Stiff competition among existing players and the arrival of new players is challenging the Botswana insurance market, according to market practitioner [...]
Africa Re launches 8th edition of African Insurance Awards
African Reinsurance Corporation (Africa Re) has launched the 8th edition of the African Insurance Awards to be awarded on 29 May 2023 in [...]
Will Nigeria adopt a risk-based capital regime in 2024?
As the Nigerian insurance industry was waking up to the 2023 business year, the regulator, National Insurance Commission (NAICOM), quietly signalled t [...]
Morocco leading north Africa in terms of climate finance
Morocco has emerged as a leader in the Maghreb in matters of climate finance systems and regulation to support climate action, according to the Climat [...]
African insurers must prepare for IFRS 17 to remain resilient
African insurers have been urged to ensure they are genuinely ready for the new accounting standard, IFRS 17, if they are to remain successful in the [...]
Extreme weather events threaten insurers’ long-term sustainability
Extreme weather events continue to dominate global headlines, with torrential rain in Auckland and other parts of New Zealand a recent example. On Fri [...]
Regulators toughen approach across Africa to shore up motor insurance markets
In what looks like a co-ordinated approach to motor insurance, insurance regulators across the continent have toughened up their rules on motor insura [...]
Pressure eases on Kenya’s general insurers as motor losses improve
Kenya’s general insurers cut underwriting losses by 45% in the nine months ending September 2022 as the performance of motor insurance improved, with [...]
Kenyan underwriters cut their stock market investments to record lows
Kenyan insurers and reinsurers have cut their investment in equities to record lows and ramped up their holding of government paper in a bid to chase [...]
Greenwashing not fooling investors, new study finds
The more impact companies have on climate change, the more likely they are to issue climate reports, a new study has revealed.
According to the Vie [...]