Category: Sustainability
Reinsurance softening slightly as African markets head to 1/1 renewals
A reduction in the number of catastrophes has helped ease the reinsurance renewal season and African market players are expecting the upcoming convers [...]
Islamic insurance in CIMA zone: A promising segment that has yet to be fully exploited
Oumar N'doye is the managing director of Takaful Mali Assurance Islamique (TMAI), the first exclusively Islamic insurance company in the CIMA zone [...]
Why Africa’s sustainability challenge may eventually boil down to SDGs
If you spend much time on the ‘right’ side of social media, you will encounter countless warnings about the disconnect between overarching net-zero po [...]
Marine insurance market picking up in a post-Covid world but faces uncertain geopolitical challenges, warns IUMI
The global marine insurance premium base for 2023 has been reported as US$38.9-billion, representing an uplift of 5.9% from the previous year. The new [...]
ASR receives BBB+ rating from Fitch
Africa Specialty Risks (ASR), the pan-African and Middle East-focused (re)insurance group, has reported that Fitch Ratings has assigned a BBB+ long-te [...]
Global climate financing by banks hits record levels but most goes to richer countries
Multilateral development banks (MDBs) have reported their global climate finance reached a record high of US$125-billion in 2023, however, the fastest [...]
South Africa’s two-pot misconceptions unravelled by Sanlam
With less than a month since the implementation of the two-pot retirement system in South Africa, the surge in withdrawal applications continues and S [...]
ICEA LION CEO welcomes geothermal insurance product for Kenya to boost green energy
After ICEA LION Group’s launch of a geothermal well output insurance product, which it describes as “a pioneering solution set to transform the green [...]
CFC launches debt financing insurance linked to climate change
Specialist insurer CFC has developed a ground-breaking insurance policy first deployed with Standard Chartered Bank.
In a first for both the insura [...]
Geopolitics driving change for marine insurance, IUMI president warns
Recent geopolitical tensions are one of the key drivers of change for the marine insurance market, warned International Union of Marine Insurance (IUM [...]