Category: Governance
Insurance at heart of climate change mitigation for vulnerable countries
As climate change worsens extreme weather events across the globe, the Vulnerable Twenty (V20) group of ministers of finance – comprising 48 climate-v [...]
The endless legal war to control Two Nigerian market behemoths
It seems the war of attrition between the Federal Government of Nigeria and the Global Fleet Group, owned by barrister Jimoh Ibrahim, over the control [...]
Africa Specialty Risks launches Bermuda reinsurer
Africa Specialty Risks (ASR), the pan-African focused reinsurance group, has launched a licensed reinsurance entity in Bermuda.
The Group will offe [...]
Africa features heavily in global shipping losses
The international shipping industry continued its long-term positive safety trend over the past year but has to master Covid-19 challenges, apply the [...]
Mauritius steps up on anti-money laundering
The Chartered Institute for Securities & Investment (CISI) and Mauritius Finance (MF) have announced plans to support Mauritius’s compliance with [...]
Tunisia’s political turmoil increases risks of violence on the streets and damage to the economy
As Tunisia suffers a political crisis following President Kais Saied sacking the Prime Minister Hichem Mechichi and imposing a nationwide curfew there [...]
ESG playing growing part in ratings across the world
Environmental, social and governance (ESG) factors were considered the primary driver in 13% of AM Best's global rating actions during the 12-month pe [...]
Need for Nigerian consumers to understand how insurance market works
Nigeria’s ‘no premium, no cover’ rule was introduced some years ago to ensure consumers were properly protected and that the insurance industry was fu [...]
Kenya’s NHIF looks to cut fraud in bid for sustainability
Kenya’s primary health cover provider, the National Hospital Insurance Fund (NHIF), is counting on biometrics to speed up claims settlement and cut in [...]
Africa Re board confirms CEO reappointment and names new chairman
Hasan Boubrik has resigned as chairman of Africa Re Corporation after recently leaving the insurance and reinsurance industry to join a similar indust [...]