Category: Governance
Political risk insurers warned that risks are on the rise
Political risk insurers may face increasing challenges in the months ahead as claims rise at a time when incomes are down, increasing the sustainabili [...]
Tough competition is threatening African insurers’ sustainability
Players in the insurance sector have been urged to rethink their predatory pricing strategies as they are hampering the growth of the insurance sector [...]
ATI names new CEO
The African Trade Insurance Agency (ATI) has confirmed a number of key senior-level positions, including the appointment of Manuel Moses as the new CE [...]
S&P affirms Africa Re’s A- rating
Standard & Poor’s (S&P) has reaffirmed the financial strength rating of the African Reinsurance Corporation (Africa Re) at A- (strong) with a [...]
Naicom congratulates market on Covid-19 donations
Nigerian insurance regulator Naicom has congratulated the insurance market for its generosity in donations to support the local fight on Covid-19. Lea [...]
Insurance market proving resilient
Global average commercial insurance prices increased 19% in the second quarter of 2020, according to the Global Insurance Market Index released by Mar [...]
President Buhari finalises Nigeria’s membership of ATI
Nigeria has become a full member country of Africa Trade Insurance Agency (ATI), after president Muhammadu Buhari signed the final papers.
The west [...]
Regulators stepping up insurer requirements on climate change
The Sustainable Insurance Forum (SIF) has launched its half-yearly report, with news from South Africa that the regulators will want insurers to consi [...]
Challenging times for South Africa’s BI insurers
South African insurers with business interruption (BI) policies are having a tough time, as the first case goes against the insurer and as the regulat [...]
South African regulators encourage BI payments, before courts make a decision
South Africa’s Financial Sector Conduct Authority (FSCA) and the Prudential Authority (PA) have reached an understanding with non-life insurers most a [...]