Category: Social
Surge in consumer complaints puts Zimbabwe’s short-term insurers under regulatory spotlight
In December 2024, Takunda Mafume expected his insurer to respond quickly when his Toyota Corolla was side-swiped by a speeding commuter omnibus in the [...]
Police crackdown boosts demand for third-party motor insurance in Nigeria
Nigeria’s insurers are reporting increased demand for third-party motor insurance covers hardly three months since police stepped up the enforcement i [...]
InsurTech industry surges as 2025 starts, says Gallagher Re
The InsurTech industry has experienced a significant surge in funding during the first quarter of 2025, reaching US$1.31 billion, according to Gallagh [...]
COBAC approves ATIDI to have 0% weighting
The Central African Banking Commission (COBAC) has officially approved the inclusion of the African Trade and Investment Development Insurance (AT [...]
Commercial insurance rates dropping globally, reports Marsh
Global commercial insurance rates declined by 3% in the first quarter of 2025, the third consecutive decrease in the composite rate following seven ye [...]
African insurers must put data and technology in the journey of closing the protection gap, suggests Deloitte
The African insurance industry stands at an inflection point where resilience, adaptability, and innovation will dictate its trajectory, Deloitte [...]
Declining lapse rate signals renewed confidence in Zimbabwe’s life insurance sector
Zimbabwe insurers witnessed a low lapse rate in the life insurance sector during the final quarter of 2024, showing that fewer policyholders were allo [...]
Call for Ugandan insurers to boost local expertise in oil and gas sector
Experts have underscored the need to strengthen the financial capacity of members of the Insurance Consortium for Oil and Gas Uganda (ICOGU) to fully [...]
Insurance sector investments in resilient infrastructure key, says IDF
The Insurance Development Forum (IDF) has highlighted the development in 2024 of a blueprint aimed at facilitating insurance sector investments in res [...]
Africa Re records nearly 10% growth in gross written premium in 2024
Based on preliminary and unaudited figures under IFRS 4, Africa Re has continued on its growth trajectory by recording a gross written premium of [...]