Category: Governance
Kenyan regulator wants law changes to improve insurance take up
Kenya’s Insurance Regulatory Authority (IRA) has called for an overhaul of underwriting laws, amid slowing uptake of covers and mounting losses as the [...]
Microinsurance: a tool for insurance penetration in Africa
The concept of microinsurance to deepen insurance penetration among the rural population in Africa was once a novel idea at industry seminars and fora [...]
Special risks insurer flounders after civil commotion broadside
The ZAR20bn (and rising) damages claims following widespread civil unrest in South Africa could tarnish Sasria SOC’s record as one of the country’s be [...]
Can there be free trade in African insurance markets?
Developing local skills is one of the strong arguments for having local content requirements in African insurance markets, encouraging the local workf [...]
ESG product gold rush brings dangers of mis-selling scandals
In recent years the growth in products marketed on the basis of their strong environmental, social and governance (ESG) credentials has exploded. More [...]
AfCFTA represents a tremendous opportunity for African insurers
The African insurance sector is optimistic about the new African Continental Free Trade Area (AfCFTA) but wishes to see regulatory integra [...]
African free-trade agreement will accelerate long-term growth and boost exports
The new African free-trade agreement has created opportunities for businesses but short-term challenges must be overcome, according to a new report by [...]
Africa may take seven years to recover from Covid-19
Africa faces at least six or seven years of recovery in the wake of the Covid-19 pandemic, warned an analyst, who also believes service industries pla [...]
Nigeria President Buhari puts weight behind insurance industry and its role in rebuilding Africa post-Covid
Nigeria’s President Muhammadu Buhari has urged the African insurance industry to play its part in rebuilding the continent’s economy post-Covid.
Sp [...]
Marine insurers bouncing back
The International Union of Marine Insurance (IUMI) has reported positive market development from most insurance lines except P&I, and from most ge [...]