Category: Social
A tale of two halves – piracy drops in Gulf of Guinea but increases off Somalia
Pirate attacks have fallen in the Gulf of Guinea in the past six months, however, the first half of this year has seen an increase in activity off Som [...]
Zimbabwe’s regulator calls for simplified insurance to boost awareness
Zimbabwe’s insurance regulator, Insurance and Pensions Commission (IPEC) is calling for the insurance industry to simplify insurance terms to improve [...]
Bancassurance is a chance for insurers and banks to “bake a bigger cake”
Insurers and banks should embrace bancassurance in markets such as Kenya since the collaborative arrangement will help in breaking new ground, deepeni [...]
Harare gears for launch of health insurance scheme after 10-year delay
Harare City is gearing for the launch of a community-based health insurance scheme by the end of July, bringing into realisation the idea that Zimbabw [...]
Uganda’s low-cost hospital cover stresses role of innovation in inclusive underwriting
The place of innovation in spurring insurance uptake in Africa was emphasised at the recent 9th edition of the African Insurance Awards, held in Windh [...]
GenAI set to transform insurance sector, suggests GlobalData
Generative artificial intelligence (genAI) is set to transform financial services across insurance, banking and wealth management, suggests GlobalData [...]
Africa Re’s turnover crosses $1-billion for first time in 2023 results
Africa Re has reported a record US$1-billion turnover, crossing that threshold for the first time in 2023.
Speaking at the 46th annua [...]
Business email compromise – a potentially devastating yet often overlooked cyber threat, warns Guy Carpenter
While the cyber insurance market may categorise business email compromise (BEC) claims as more attritional and frequency-driven, a new report from Guy [...]
New reinsurers not emerging despite good conditions, finds AM Best
Despite returns reaching a three-decade high for reinsurers, a new class of companies has yet to materialise in the segment, defying past trends.
A [...]
Hope as more farmers embrace Uganda’s agricultural insurance
Uganda’s agricultural sector serves as the backbone of its economy, employing a majority of the population and significantly contributing to the count [...]