Category: Governance
New insurance regulations in the CIMA zone: It was long overdue
At the end of 2024, the Council of Ministers of the Inter-African Conference on Insurance Markets (CIMA) adopted new regulations on the security a [...]
Insurance markets shouldn’t suffer as Niger, Mali and Burkina Faso leave ECOWAS, suggests AM Best
The withdrawal of Niger, Mali and Burkina Faso from the Economic Community of West African States (ECOWAS) is the latest sign of political turmoil in [...]
Uganda’s insurance sector booms amid rising consumer confidence and digital growth
With only 5.2% of Ugandans currently having any form of insurance coverage, Uganda's insurance sector has plenty of opportunity for expansion, and sig [...]
Uganda insurance sector welcomes new entrants as market expands in 2025
Uganda's insurance sector is set to experience significant growth in 2025, with the Insurance Regulatory Authority (IRA) granting licences to 143 play [...]
GFIA welcomes regulators’ responsible approach to AI
The Global Federation of Insurance Associations (GFIA) has welcomed the opportunity to respond to the International Association of Insurance Supervis [...]
South Africa insurance sector remains stable, says Moody’s
The South African insurance sector remains stable as the country's economic conditions slowly improve, according to Moody’s Ratings.
Will Keen-Toml [...]
Zimbabwe’s draft law places customer protection at the centre
Over the past years, the insurance sector in Zimbabwe has seen various changes in laws and regulations in a bid to bring the regulator, underwriters a [...]
International insurance regulators publish roadmap for 2025-2026
The International Association of Insurance Supervisors (IAIS) has published its Roadmap 2025-2026, the first under the new IAIS Strategic Plan 2025-20 [...]
SanlamAllianz Re (Mauritius) receives A- rating from AM Best
SanlamAllianz Re (SAZ Re) (Mauritius) has been assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Ex [...]
Boost for Nigerian insurers as police enhance compliance with third-party motor cover rules
The insurance market in Nigeria is expecting increased premiums following the decision by the Nigerian Police Force (NPF) to enforce third-party motor [...]