Category: Sustainability
Resilient reinstatement: insurers explore ways to achieve net zero
The general insurance industry will have to reinvent its coverages and operating models to make a more meaningful contribution to reducing global carb [...]
More than half of insurers now disclosing climate-related risks and opportunities
The Financial Stability Board (FSB) is among those that have welcomed the publication of the 2021 status report by the industry-led Task Force on Clim [...]
Insurers working to have their voice heard at COP26
With governments gathering in the UK ahead of the COP26 climate change conference, insurers are warning that the sector must focus on the devastating [...]
VIDEO: Challenges ahead as reinsurance renewals loom
Bilal Zafar, managing director at Imara, explains to Liz Booth how he sees the upcoming 1 January renewals in Africa.
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Nigeria, Kenya and South Africa generating majority of malware attacks, says Kaspersky
Out of the more than 206,000 mobile malware attacks blocked by Kaspersky solutions for the Middle East, Turkey and Africa (META) region in just six mo [...]
Cameroon joins ATI
Cameroon has become the 19th African member state of African Trade Insurance Agency (ATI), with a subscribed capital contribution of €11.37m, with the [...]
Plans afoot to increase motor insurance rates in Nigeria
Nigerian regulator Naicom is set to announce plans to increase third-party motor insurance rates.
From January 1, 2022, the rate will be changed fo [...]
South African courts imposes 18-month indemnity period to Covid-19 BI claims
Santam, South Africa’s largest general insurer, has been instructed by the country's Supreme Court of Appeals (SCA) to apply an 18-month indemnity per [...]
Surge in ransomware attacks hitting insurers
Allianz Global Corporate & Specialty (AGCS) was involved in more than 1,000 cyber claims overall in 2020, up from about 80 in 2016. The number of [...]
Africa rebounding from Covid-19 says World Bank, but needs vaccines
Sub-Saharan Africa (SSA) has proved resilient in the face of the Covid-19 pandemic and is set to emerge from the 2020 recession with growth expected t [...]