Category: Social
Kenya’s microinsurance drive reflects Africa’s push to close protection gap
Kenya’s insurance sector is increasingly turning its attention to the informal economy and underserved small businesses, signalling a shift across [...]
Mobile money seen anchoring Uganda’s bid for inclusive insurance
Uganda’s insurance industry is increasingly embracing mobile-first distribution channels in a renewed push to lift insurance penetration from the curr [...]
Nigeria pilots building insurance scheme as template for nationwide rollout
Nigeria’s insurance market is being handed a potential scale opportunity as the regulator positions the newly launched Lagos State Building Insurance [...]
Rising volatility hitting construction sector and increasing insurance spend, finds Arch
Geopolitical instability, supply chain disruption, climate change, funding and inflationary pressures, and emerging technologies are all increasing le [...]
Mozambique ship hit by Houthis in latest Red Sea terror escalation
A Mozambique-flagged LPG tanker carrying 28 Indian crew members was attacked in Iranian territorial waters on Friday, the Indian embassy in Tehran h [...]
Marine insurance rates rise rapidly in response to Houthi threats
Insurance rates have been spiralling since the start of the conflict between the US and Iran and last week the insurance cost of shipping goods throug [...]
Former MPs embrace insurance as Uganda’s life cover market records historic growth
Uganda’s insurance industry is witnessing a major shift in public attitudes towards financial planning, with former Members of Parliament becoming the [...]
Technology and alliances at the centre of Nigeria’s push for higher insurance uptake
The persistently low level of insurance penetration in Nigeria despite a population exceeding 250 million, is a structural market reality with implica [...]
FANAF commits to inclusive insurance pact to double penetration by 2040
The African insurance sector has turned a new page in its history as the Federation of African National Insurance Companies (FANAF) adopted an inc [...]
Profitability holding up for insurers despite softening market, says Swiss Re
The global insurance industry is navigating a cyclical slowdown, but profitability is holding up, according to Swiss Re.
In its latest report on gl [...]