Category: Social
Entries open for the 12th Pan African Re/Insurance Journalism Awards
Business and financial journalists from across Africa are invited to submit entries for the 12th edition of the Pan African Re/Insurance Journalis [...]
Africa’s microinsurance market needs more than innovation to scale
Global catastrophe losses were some US$269 billion back in 2023, according to the Swiss Re Institute, with only some 40% insured, leaving some $16 [...]
Uganda’s US$500bn growth ambitions challenge insurers to expand specialised protection
Uganda’s ambition to grow its economy tenfold to US$500 billion by 2040 could create a significant new market for insurers. However, experts say indus [...]
Zimbabwe reinsurers’ growth hinges on employer-linked life covers
Zimbabwe’s life reinsurance market remains heavily dependent on group life assurance, with the product accounting for 51% of insurance revenue in the [...]
APA Apollo expands into Tanzania
Kenyan-based insurer APA Apollo Group has acquired a 66.7% stake in Tanzania’s Meticulous General Insurance Company and Metro Life Assurance Company, [...]
AI could upend insurance industry’s long-standing structures and dynamics
Competitive advantage will accrue to carriers, distributors, and tech providers that prepare now, write Jason Ralph, Johannes-Tobias Lorenz, Nick Mili [...]
Traditional reinsurance remains the cornerstone amid growing market complexity and shifting dynamics, says Munich Re
Traditional reinsurance capital has increased relative to alternative capital from a factor of 3.5 in 2017 to almost four in 2026, according to Munich [...]
Kenya Re backs COMESA digital drive for regional third-party motor liability cover
The Common Market for Eastern and Southern Africa (Comesa) is lining up digital reforms to strengthen its Yellow Card motor insurance scheme aimed at [...]
Africa’s resilient growth and the AI opportunity for its insurance sector
Africa’s economies have outgrown the global average, according to a new report from the African Insurance Organisation (AIO).
Its Ann [...]
Softer reinsurance market puts Africa’s underwriting discipline to the test, say market experts
Reinsurance and insurance markets are quietly optimistic despite a clear market softening in some areas, citing this as a “new normal” rather than a s [...]