Category: Governance
ESG offers unparalleled opportunity for insurers, suggests KPMG
ESG offers an unparalleled opportunity for insurers, says KPMG in a new report on the state of the South African insurance market. It says the concept [...]
Resilience and sustainability ‘top of mind’ as insurers reassess global risks
Insurers and reinsurers must find innovative ways to identify, mitigate and transfer the risks associated with climate, cybercrime, pandemic and socia [...]
Kenya’s regulator seeks insurance framework to sustainably grow medical covers
Kenya’s insurance regulator is closer to creating a legal and regulatory framework to grow uptake of private insurance through reduced costs without p [...]
More than half of insurers now disclosing climate-related risks and opportunities
The Financial Stability Board (FSB) is among those that have welcomed the publication of the 2021 status report by the industry-led Task Force on Clim [...]
Insurers working to have their voice heard at COP26
With governments gathering in the UK ahead of the COP26 climate change conference, insurers are warning that the sector must focus on the devastating [...]
Plans afoot to increase motor insurance rates in Nigeria
Nigerian regulator Naicom is set to announce plans to increase third-party motor insurance rates.
From January 1, 2022, the rate will be changed fo [...]
South African courts imposes 18-month indemnity period to Covid-19 BI claims
Santam, South Africa’s largest general insurer, has been instructed by the country's Supreme Court of Appeals (SCA) to apply an 18-month indemnity per [...]
UN launches Insurance and Risk Finance Facility
The UNDP has launched the Insurance & Risk Finance Facility (IRFF) to help protect the world’s most vulnerable communities in the face of climate [...]
IAIS reports shows 35% of insurer investments are ‘climate-relevant’
The International Association of Insurance Supervisors (IAIS) has published its first report on how insurance sector investments are exposed to climat [...]
VIDEO: Can local content work within AfCFTA?
With the arrival of the African Continental Free Trade Area, Afro Asian Insurance Services and Africa Ahead: the Sustainability Challenge invited insu [...]