Category: Governance
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 [...]
Insurers make growing contribution to UN’s sustainable development goals
In the third session of the UNEP's Principles for Sustainable Insurance Initiative (PSI) series, stakeholders from across the insurance industry – and [...]
Ratings agencies explain credit warnings on Africa
S&P Global Ratings and Fitch ratings have both warned of downgrades and negatives watches across Africa as the Covid-19 pandemic takes its toll. I [...]
More South African insurers to make BI payments
Old Mutual Insure (OMI) has become the latest South African insurer to announced payments on business interruption (BI) policies related to the Covid- [...]
Three SA life insurers sanctioned for weak money laundering controls
The South African Reserve Bank (SARB) has imposed administrative sanctions on three life insurers and directed them to take remedial actions, after fi [...]