Category: Governance
Africa launches largest regional trading bloc in the world – insurers have golden opportunity
The African Continental Free Trade Agreement (AfCFTA), which officially launched on 1 January, is the largest trading agreement in the world since the [...]
Terrorists strike on both sides of continent
Terrorists have struck on both sides of Africa, impacting political and economic interests.
Insurers may anticipate a spike of interest in politica [...]
Five strategic considerations to help guide insurers to success in Africa
Africa is one of the world’s hot regions for insurance, according to a new report from McKinsey.
It said that steady economic growth in most countr [...]
AM Best affirms Continental Re at B+
Ratings agency AM Best has affirmed the financial strength rating of B+ (good) and the long-term issuer credit rating of bbb- of Continental Reinsuran [...]
Former insurance commissioner to head new Nigerian reinsurer
The former head of the Nigerian insurance regulator, Fola Daniel, is to head a new reinsurance company based in Nigeria.
Current National Insurance [...]
Swiss Re Corporate Solutions gets direct licence for South Africa
Swiss Re Corporate Solutions has received a direct insurance authorisation from South Africa's joint regulators, the Prudential Authority and the Fina [...]
Informed consumer consent among top requirements for SA regulator
The South African regulator has made a series of recommendations to ensure informed consumer consent in terms of open finance.
Open finance is buil [...]
Nigerian government rules against insurance regulator’s moves to recapitalise sector
Nigeria's House of Representatives has ordered the National Insurance Commission (Naicom) to suspend the planned 31 December 2020 mandatory deadline f [...]
South Africa home to 220 active fintechs
An Intergovernmental Fintech Working Group (IFWG) study of the market has uncovered that there are 220 active and operational fintechs in South Africa [...]
Subdued recovery predicted for Africa in 2021
Investors, risk analysts and African governments have predicted a subdued recovery across Africa in 2021, with the possibility of countries not return [...]