Category: Governance
SARB quick to hike interest rates as inflation worries mount
Insurers may be interested to note that the South African Reserve Bank (SARB) has confirmed its willingness to target rising inflation, despite the ec [...]
MIC Global set to join Lloyd’s
MIC Global has received ‘in-principle’ approval from Lloyd’s for the creation of MIC Global Insurance syndicate in a box, Syndicate MIC 5183. MIC Glob [...]
Countries must deliver on COP26 promises to support emerging markets
Countries need to work together to deliver on the promises made in Glasgow, COP26 president Alok Sharma has stressed
In his first major speech sinc [...]
Rising scrutiny on ESG puts pressure on directors
Board members and company executives can be held liable for an increasing range of scenarios. Today’s market volatility, with the increased threat of [...]
Zep Re set for Rwanda expansion as global reinsurance market hardening bites across Africa
Zep Re is set to expand its operations further in Rwanda with a new office in the capital Kigali, after 18 months of preparation and government approv [...]
Kenya’s underwriters count on premium hike to halt losses in motor insurance
Kenya’s underwriters are counting on increased premiums to halt the streak of losses in motor insurance but will first have to surmount legal hurdles. [...]
Resilience and ESG critical as companies emerge from pandemic
Climate risks dominate global concerns as the world enters the third year of the pandemic. According to the World Economic Forum’s (WEF) Global Risks [...]
Equity Group venturing into the insurance business
A licence has been issued to Equity Life Assurance (Kenya) (ELAK) to provide life insurance solutions to an underserved market and contribute towards [...]
Long-term debt in Africa
Financial sector assets in Africa are heavily concentrated in banking, according to the latest research by the Africa Long-term Finance Initiative (LT [...]
ESG guidelines reinforce Kenya insurers’ sustainability focus
Kenya’s securities exchange has given listed firms a year to start environmental, social and governance (ESG) reporting, with insurers having the uppe [...]