Category: Governance
Solution to aid premium payments for Kenyans
As Covid-19 unfolds, increasing numbers of insurers are worrying about cashflow as premium income dries up. Some are reporting that clients are simply [...]
ARC has new group director general
The Conference of Parties (CoP) of the African Risk Capacity (ARC) has elected Ibrahima Cheikh Diong, of the Republic of Senegal, as the new ARC group [...]
UN PSI stresses benefits for insurers adopting ESG principles with new guide
The UN Principles of Sustainable Development (UN PSI) team has launched an updated guide on how insurers can improve their ESG agenda.
The UN PSI s [...]
Covid-19 delays Nigeria’s rise in minimum capital requirements for insurers
The Covid-19 pandemic has forced the Nigerian insurance regulator to delay plans to raise minimum capital requirements for all insurance entities.
Na [...]
Creating an equal awareness of ESG across insurance entities
With the UN Principles of Sustainable Insurance (UN PSI) aiming to create awareness of the ESG agenda across the insurance sector, there needs to be a [...]
Insurers must wake up to societal risks in a post-Covid-19 era
Increasing inequality, shifting consumer behaviours and record levels of unemployment mean hard lessons need to be re-learned.
John Scott, head of [...]
Kenyan insurers battling to cope with Covid-19 pressures
Maintaining service standards to insureds, while controlling costs, have been the twin goals of Kenyan insurers as they cope with the Covid-19 pandemi [...]
South Africa under attack from cybercriminals
South Africa now has the third-highest number of cybercrime victims worldwide, after a surge in cybercrimes across the country. And businesses have re [...]
Uganda’s insurance sector had strong 2019 but Covid-19 likely to dampen growth
Uganda’s insurance sector has posted positive industry results for the year 2019, with the gross written premium (GWP) standing at USh973.58bn compare [...]
Insurers have rare opportunity to build reputations and redesign products
African insurers have a real opportunity to build their reputation and deliver products fit for purpose, two leading African regulators agreed during [...]