Category: Governance
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 [...]
African insurers waiting to see if BI claims arise
The impact of Covid-19 is yet to be fully assessed for many African insurers both in terms of resulting claims but also in terms of future business, a [...]
Sanlam buys remaining stake in FBN
Sanlam has acquired the remaining stake in the Nigerian insurance business FBN Insurance from its partner, FBN Holdings Plc, giving Sanlam 100% owners [...]
Insurers continue to step up to cope with Covid-19
Insurers across the continent are launching solutions and offering refunds to help insureds navigate the Covid-19 pandemic.
Among them, Kenyan insu [...]
Rwandan insurers argue in court for sustainable level of payouts
Rwandan insurers have taken the government to court over a law that sets the minimum payout for claimants after an accident, based on their occupation [...]
Ghana moves towards digital payments to boost financial inclusion
The Ghanaian government has launched a new plan to boost financial inclusion through increased use of digital payments.
The Ministry of Finance has l [...]