Category: Governance
Reinsurance forum pushes for local capital retention to strengthen African markets
African reinsurers must act to curb the export of capital abroad, according to speakers at the African Insurance Organisation (AIO) reinsurance forum [...]
S&P gives Guinea first rating of B+
Rating agency Standard & Poor’s (S&P) has assigned the Republic of Guinea an inaugural rating of “B+” with a “Stable” outlook. This decision r [...]
Nigerian insurance sector faces shake-up as recapitalisation deadline looms
Nigeria’s insurance sector faces sweeping consolidation as the July 2026 recapitalisation deadline nears, with firms unable to raise fresh capital at [...]
Moody’s shifts outlook downwards on global reinsurance sector
Rating agency Moody’s has changed its outlook on the global reinsurance sector to stable from positive.
It blames the outlook shift on property pri [...]
CIMA zone: Insurers to implement new internal measures to combat money-laundering risks
Since 10 July 2025, insurance companies and organisations in the CIMA (Inter-African Conference on Insurance Markets) zone have been required to i [...]
Uganda nears rollout of Islamic insurance as IRA awaits Finance Minister’s approval
Uganda is set to launch Takaful, a Shariah-compliant insurance model aimed at enhancing financial inclusion and catering to the needs of the Muslim co [...]
Risk managers report charts blueprint for systemic solutions to South Africa’s interconnected risks
Those in leadership positions across Africa must weigh their decisions carefully, often setting aside the lure of short-term profit in order to pursue [...]
Nigeria issues new rules for insurtechs
Nigerian regulator the National Insurance Commission (NAICOM) has issued operational guidelines for Insurtech businesses in the West African economy i [...]
Moody’s revises Africa Specialty Risks upwards
Africa Specialty Risks (ASR) has welcomed the revision of its outlook to positive on its Moody’s Baa1 insurance financial strength rating.
Mikir Sh [...]
ICJ rules that countries can sue each other for climate change damages
Countries can now sue each other over the damaging effects of climate change including for historic emissions of planet-warming gases, according to a [...]