Category: Sustainability
Rising US-dollar covers raise anti-money-laundering scrutiny for Zimbabwe’s life insurers
Zimbabwe’s life insurers are facing heightened anti-money-laundering (AML) risks in their US-dollar business, where non-resident customers, cash premi [...]
Nigeria insurers shift focus from recapitalisation to growth agenda
Nigeria’s insurance industry is entering a new phase following the completion of its recapitalisation exercise, with regulators and industry leaders n [...]
From the sky, we protect: how drones are transforming disaster management in Mozambique
In February 2000, Mozambique experienced its worst floods in 50 years. More than 700 people died, 650,000 were displaced and 4.5 million — a quarter o [...]
Cyber insurance adoption remains low despite rising attacks
For more than two months, Tolulope Omolere kept asking the same question: How did money leave her Guaranty Trust Bank account without her knowledge?
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Africa’s next climate-risk challenge is putting a number on it
The struggle by many Kenyan companies to put a financial and operational number on climate risk is emerging as a new test for insurers and risk manage [...]
Facultative reinsurance helping insurers pursue growth opportunities, says Willis
Facultative reinsurance is helping insurers pursue growth opportunities in a rapidly softening market, enabling them to maximise available capacity an [...]
Fragmentation of the global financial system set to challenge insurers, warns Geneva Association
The growing fragmentation of the global financial system is reshaping the environment in which insurers and reinsurers operate, according to a new Gen [...]
Afreximbank and ZEP-RE sign MoU on building professional capacity across Africa
African Export-Import Bank (Afreximbank) and ZEP-Re have signed a memorandum of understanding (MoU) to build professional and institutional capacity i [...]
Use parametric insurance revenue cover for hydro-dependent utilities in Africa, urges IDRIMA
The Integrated Disaster Risk Management Alliance (IDRIMA) is urging better use of parametric insurance to protect hydro-electric revenues across the c [...]
Power sector becoming crucial to economic stability, finds Willis
The global power sector is becoming increasingly central to economic growth as artificial intelligence, digital infrastructure, advanced manufacturing [...]