Category: Social
Boost for Nigerian insurers as police enhance compliance with third-party motor cover rules
The insurance market in Nigeria is expecting increased premiums following the decision by the Nigerian Police Force (NPF) to enforce third-party motor [...]
Ivory Coast’s insurance market: Challenges in the race to boost penetration in rural areas
Côte d'Ivoire's insurance market is one of the most dynamic in the CIMA zone, and it comprises 14 French-speaking countries in West and Central Af [...]
California wildfires: A lesson for Africa?
With the costs of the California wildfires continuing to rise, it appears insurers will be faced with bills of some US$30bn to $40bn, a sobering thoug [...]
ASR launches first Africa-focused Lloyd’s Consortium
Africa Specialty Risks (ASR), the Africa- and Middle East-focused (re)insurance group, has launched the first Africa-focused Lloyd’s Consortium.
Th [...]
Reinsurance market starts 2025 in strong position, suggests Aon
The reinsurance industry starts 2025 in a strong position, according to the final Reinsurance Market Dynamics report from Aon.
It reported that glo [...]
Strong reinsurer appetite drives excess property catastrophe capacity, says Guy Carpenter
Non-loss-impacted property catastrophe renewals saw notable risk-adjusted reinsurance rate reductions of 5% to 15% on January 1. However, there was a [...]
Insurers turn to facultative reinsurance as a strategic tool, suggests WTW
Facultative reinsurance is increasingly seen as a core element of risk management strategies; however, insurers may face significant barriers accessin [...]
ATIDI signs framework agreement with African Solidarity Fund to mitigate investment risks
African Trade & Investment Development Insurance (ATIDI) and African Solidarity Fund (ASF) have signed a framework co-operation agre [...]
ASR subsidiaries sign binding authorities with Eureka Re
Africa Specialty Risks (ASR) Mauritius and ASR Middle East have agreed binding authority agreements with Eureka Re, the multinational reinsurer. Eurek [...]
COP 29 scored a series of victories, but meaningful action remains elephant in the room
As always with COP meetings, deadlines come and go before final agreements are made, and COP29 in Baku proved no different.
Ultimately, the confere [...]