Category: Governance
Insurers have crucial role to play in transition towards a more sustainable climate
Managing risk is the purpose of the insurance business. Therefore, better understanding climate-related risks and opportunities and publishing decisio [...]
Opinion: Data privacy key in minimising risks
As businesses look to overcome the challenges of 2020, they will have a number of goals in mind. For some, it will be about survival while others will [...]
Insurers lose out in key BI test case
The UK’s Supreme Court has handed down its judgment in the Covid-19 business interruption (BI) insurance test case – The Financial Conduct Authority v [...]
Insurers need to keep weather eye on African elections
Insurers have been urged to keep an eye on upcoming elections across Africa this year, as governments face the fallout from Covid-19, the economic con [...]
AM Best gives thumbs up to three of Africa’s reinsurers
Ratings agency AM Best has endorsed the activities of three of the continent’s reinsurers in the past couple of weeks, providing a much-needed fillip [...]
A market of 1.2 billion potential customers: what’s not to like?
The African Continental Free Trade Agreement (AfCFTA), which officially launched on 1 January, is the largest trading agreement in the world since the [...]
Jury still out on global reinsurance renewals
The insurance sector across Africa was watching the global markets closely as the 1 January reinsurance renewals approached and, despite the impact of [...]
AM Best affirms Africa Re’s financial strength rating of A (Excellent)
The financial strength rating of the African Reinsurance Corporation (Africa Re) has been re-affirmed at A (excellent) and the long-term issuer credit [...]
AM Best affirms Ghana Re rating
AM Best has affirmed the financial strength rating of B (fair) and the long-term issuer credit rating of bb of Ghana Reinsurance Company Limited (Ghan [...]
Ugandan insurance regulator approves 128 insurers to operate in 2021
The Insurance Regulatory Authority of Uganda (IRA) has authorised 128 insurance players, including nine life insurers, 21 non-life insurers, two reins [...]