Category: Governance
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 [...]
Kenya insurers eye single digital information-sharing system to cut medical underwriting losses
Kenya’s medical insurers want to set up a single system that will allow them to share information on a real-time basis in a bid to cut underwriting lo [...]
Digitalisation, insurance awareness, infrastructure lead focus of new CII Nigeria president
Digitalisation, insurance awareness, infrastructure will be the major strategic aims for the new Chartered Insurance Institute of Nigeria (CIIN) presi [...]
SA’s Prudential Authority flexes its muscles, placing Constantia Insurance under provisional curatorship
South Africa’s Prudential Authority (PA) has successfully applied to the High Court to have a local non-life insurer, Constantia Insurance Company Lim [...]
Fitch revises ARC’s outlook to positive; affirms IFS Rating at BBB+
African Risk Capacity's (ARC) rating from Fitch has improved from stable to positive, while the ratings agency has also affirmed its insurer financial [...]
Insurance regulators have impending Africa free-trade agreement on their radar
Regulators definitely have the Africa Continental Free Trade Agreement (AfCFTA) on their radar and it has become an agenda item when the insurance reg [...]
Future-fit insurers must accommodate changing consumer behaviours
Access to insurance, climate change and consumer behaviour emerged as unlikely companions during a ‘future of insurance’ panel discussion held during [...]
Strong leadership acknowledged as a key differentiator in financial services sustainability
South African Reserve Bank (SARB) Governor, Lesetja Kganyago, received the rarely awarded Insurance Institute of South Africa (IISA) presidential hono [...]