Category: Governance
Ugandan market proving resilient in face of Covid-19
The insurance industry in Uganda continued to see increased business in Q2 2020, according to data released by the Insurance Regulatory Authority (IRA [...]
Speedy resolution unlikely as insureds seek BI certainty through the courts
South Africa’s non-life insurers have acknowledged the 15 September 2020 ruling handed down by the UK High Court in a test case brought against eight [...]
New reinsurer puts ESG at heart of its African business
A new reinsurer is opening for business across Africa, with environmental, social and governance (ESG) considerations at its heart
Africa Specialty [...]
JSE adds ESG funds to woo responsible investors
The Johannesburg Stock Exchange (JSE) has become the first South African stock exchange to list two global environmental, social and governance (ESG)- [...]
Working together key to future success
Regulators and industry need to work together to make the most of opportunities across the insurance sector in Africa.
Delegates at the second annu [...]
SA regulator pauses on BI claims while courts rule
South Africa’s Financial Sector Conduct Authority (FSCA) has said it will pause any action on business interruption (BI) claims following Covid-19 shu [...]
Insurers face growing challenges from insurtechs
Insurers must explore new ways to build capabilities to meet the digital needs of customers as 'bigtechs' and non-traditional players enter the insura [...]
UK judgment on BI set to cause global ramifications
Insurers and courts across the world, including those in South Africa in particular, have been watching for the UK court ruling on business interrupti [...]
Reinsurers holding firm despite Covid-19 concerns
Two of Africa’s largest reinsurers have reported a solid first half-year, despite Covid-19, but both remain cautious about the months ahead.
Firstl [...]
Insurers reacting fast as Covid-19 hits insurance sales hard
Some 64% of insurers have reported the value of premiums sold since the Covid-19 outbreak has plummeted, while 67% said they have seen declines in new [...]