Category: Governance
Views on corruption drive attitude to tax systems across the globe, insurers warned
Taxpayers’ attitudes about paying taxes correlate closely with perceived levels of corruption, according to a major new study Public Trust in Tax, som [...]
NIA, NCRIB intensify co-operation for insurance market growth in Nigeria
The two leading associations in the Nigerian insurance sector – the Nigerian Insurers Association (NIA) and the Nigerian Council of Registered Insuran [...]
Rapid decline: another South African non-life insurer falls to solvency, liquidity concerns
The final chapter of a 70-year-old, South Africa-based, non-life insurance business is being written by the courts following a recommendation by a cou [...]
Insurers must learn to work together to build a successful industry, suggests Jephita Gwatipedza
The insurance industry across Africa has to support each other, learn from other and have strong regulatory support if it is to make the most of the o [...]
Political risk insurers breathe sigh of relief as Kenya’s election comes to a close with Supreme Court ruling
William Ruto won the Kenya presidential election fairly, according to a Supreme Court ruling, which should mean an end to this year’s election – an ev [...]
The numbers show the scale of Africa’s challenges
Looking at the numbers for the African insurance market, there is real potential for insurers to grow their business successfully.
That was the ver [...]
Time for insurers to work together with government to maximise potential
Insurers attending the Organisation of Eastern and Southern African Insurers annual conference in Zanzibar have been urged to work proactively with go [...]
African insurance markets need more actuaries to cope with IFRS17
With new rules under IFRS17 looming, the need for actuarial services is an acute problem for insurers across Africa.
The lack of practising and ful [...]
Ugandan insurers paying out on more claims as market grows
Claims payment is critical to the insurance value chain as it makes insurance tangible – that was the message form the Insurance Regulatory Authority [...]
Nigerian regulator getting tough on compulsory insurance enforcement, while moving ahead on risk-based capital regime
Nigerian regulator NAICOM is collaborating with insurance partners and law enforcement agencies to enforce the existing laws around compulsory insuran [...]