Category: Sustainability
Insurers struggling with artificial intelligence adaptation
Despite forging ahead with generative artificial intelligence (gen AI) use cases and capabilities, many insurance companies are finding themselves stu [...]
Africa Re insurance awards set for 10th edition
The African Reinsurance Corporation (Africa Re) is organizing the 10th edition of the African Insurance Awards to be announced on Monday [...]
Insurance protection gap for natcats estimated at 60%, warns WTW
As 2024 becomes the first year to exceed 1.5°C warming above pre-industrial levels, the insurance protection gap for natural catastrophes is estimated [...]
European regulators show direction of travel on insurer standards factoring natural catastrophes
The European Insurance and Occupational Pensions Authority (EIOPA) is recommending updates to the way natural catastrophe risks are accounted for in i [...]
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 [...]
Global natural disasters 14% up on 21st-century average in 2024, warns Aon
Global natural disaster events caused US$368 billion (2023: $397 billion) in economic losses in 2024, driven by hurricanes and severe convective storm [...]
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 [...]
California wildfires hold vital lessons for African insurers and regulators
Global insurers and reinsurers banking on benign natural catastrophe losses in 2025 had their hopes dashed early in the New Year, as a series of w [...]
Insurers have their role cut out in the race to fill a $236bn nature financing gap
Insurers can play a pivotal role in driving the $463bn target for investment and financing nature-based solutions (NBS) that protect natural and semi- [...]
Africa’s insurance industry takes bold steps towards climate resilience, together
A decade from today, insurance and reinsurance professionals plying their trade on the African continent will want to see a large portion of the indus [...]