Category: Sustainability
Insurance as an enabler of economic growth cannot be understated, AIO forum speakers stress
Insurance has an ever more important role to play in enabling business, allowing for infrastructure development and building communities.
That was [...]
Fresh capital flows into African insurance market signal rising investor confidence
As the African Insurance Organisation’s general assembly got underway in Cairo, two new private capital vehicles announced moves into the African insu [...]
Uganda’s insurance premiums hit US$546 million as industry pushes for trust, faster claims and inclusive growth
Uganda’s insurance industry has crossed a historic milestone, with gross written premiums (GWPs) rising above UGX2.02 trillion (about US$546 million) [...]
AfDB increases stake in ATIDI to 14% in effort to attract more private investment into infrastructure and development
The African Development Bank (AfDB) is to inject US$125 million into African Trade and Investment Development Insurance (ATIDI), a move that will make [...]
TikTok launches distribution of insurance for ecommerce businesses
TikTok has officially transitioned to powerful distribution channel for commercial insurance for ecommerce businesses through digital insurtech compan [...]
Insurance brands grow at fastest rate in five years, says Brand Finance
Insurance brands are staging their fastest growth in five years, with the world’s top 100 reaching a combined US$606.7 billion in brand value, up 14% [...]
AI is outpacing governance systems, warns Willis
Artificial intelligence (AI) is rapidly reshaping how risk is understood, priced and managed, but the rate of adoption is outpacing existing AI govern [...]
PODCAST: Is the insurance market really managing the AI transition safely?
As part of the Africa Ascending Bites podcast series, Udai Patel, of Afro-Asian Insurance Services, and Liz Booth, of Africa Ahead, debate whether [...]
AI takes centre stage in Africa’s war on insurance fraud amid faster claims processing
As insurers operating in Africa embed artificial intelligence (AI) in their underwriting processes, faster claims processing and tighter fraud con [...]
Tailored products key to unlocking microinsurance uptake among small businesses, study finds
Aggrey Mulumbi, managing director of KCB Bancassurance Intermediary, Dr. Caleb Odhiambo Onjure and Professor Jane Muriithi continue with the discussio [...]