Category: Sustainability
The uncomfortable realities of net-zero and Africa’s energy transition
The requirement to deliver environmental and social impact through investing is forcing allocators of capital – including asset managers, banks, insur [...]
Kenya general insurers cut motor and medical underwriting losses
General insurers have cut underwriting losses in the perennially problematic motor and medical classes of business that take up more than half of gros [...]
The pain of offering health insurance and why penetration rates remain low in Uganda
Only 400,000 of Uganda’s 47 million people benefit from cover provided by private health insurance providers. Data contained in the Industrial Actuari [...]
Insurers eye Zimbabwe’s informal sector for new opportunities
Zimbabwe’s expanding informal sector could present a ready market for insurers. Research by the World Bank supports that even though the majority of c [...]
Risk management’s current focus on fire neglects severe climate change exposures, warns leading risk manager
Flooding in South Africa’s KwaZuluNatal region has once again led to tragic loss of life and substantial damage to infrastructure.
This, says Volke [...]
Business must incorporate a gender-responsive approach, suggests UNEP FI
With more than half of the world’s total GDP (circa US$58 trillion of economic value) being moderately or highly dependent on nature, the degradation [...]
African CEOs lagging behind on AI adoption, as staff crime increases
Generative AI (GenAI) exploded into the public consciousness in 2023, promising to transform the way business functions. Despite the potential, howeve [...]
Bakary Kamara, vice chair of Africa Re, dies at 75
Bakary Kamara, a prominent figure in the African insurance industry, has passed away on 12 January 2024 at the age of 75.
After studying in Maurita [...]
Global reinsurance industry looking strong for 2024, says AM Best
The global reinsurance industry demonstrated a significant recovery of prior-year capital losses in 2023, driven by strong technical results, unrealiz [...]
Insured losses fall as cost of natural disasters remains the same, reports Munich Re
Worldwide, natural disasters in 2023 resulted in losses of around US$ 250bn (previous year US$ 250bn), with insured losses of US$ 95bn (previous year [...]