Category: Governance
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 [...]
Regulators move in opposite directions on currency rules in southern Africa
Two regulators have moved in opposite directions in terms of freedom to use foreign currency. In South Africa, they are looking to tighten the rules, [...]
Courts taking no-nonsense approach to insurers’ social responsibilities
The High Court of South Africa: Western Cape Division has joined a long list of jurisdictions to remind insurers that they must live up to the environ [...]
Africa Re profit drops just 5.4% in Covid-19 impacted quarter
African Reinsurance Corporation (Africa Re) posted a premium income of US$583.68 million at the end of the third quarter of 2020, a decline of 5.41%. [...]
Opinion: Moving to digital signatures
The pen may be mightier than the sword, but in an ever-growing digital world, this small but mighty weapon may well be on its way to extinction. Signi [...]
New opportunity to check out future customers
Knowing your customers – and them knowing you – is a key component of building trust and resilience in commercial deals across Africa. But access to i [...]