Category: Social
East African floods reinforce need for insurers to rise above charity hazard
The widespread flooding in East African economies including Kenya and Tanzania has put a spotlight on the low uptake of insurance against weather and [...]
Kenya’s growing bancassurance raises hope for deeper insurance uptake
Commercial banks in Kenya have reported increased uptake of bancassurance products, raising hopes that this could be the new way of lifting the uptake [...]
Africa Specialty Risks launches Lloyd’s syndicate to boost Africa business
Reinsurance group Africa Specialty Risks (ASR) has launched ASR Syndicate 2454 at Lloyd’s focused on underwriting business across Africa.
It is the [...]
Good and bad news for Africa from the IMF
Incomes in Sub-Saharan Africa are falling further behind the rest of the world amid a "tepid" economic recovery, the International Monetary Fund (IMF) [...]
Winning insurance journalists named by Continental Re
Pan African reinsurer, Continental Reinsurance has announced winners of the 9th Pan African Re/Insurance Journalism Awards at the organisation’s annua [...]
Single green bank for Africa rooted as solution to climate finance gap
African countries will have to rally behind a single green bank if they are to mount a formidable mitigation and adaptation war chest to respond to th [...]
Kenya drafts green finance taxonomy to stamp out greenwashing
Kenya has come up with draft rules to guide banks, insurers and other economic actors in classifying whether particular economic activities are ‘green [...]
Seminar highlights place of AI in revolutionising insurance
The coming of artificial intelligence (AI) has undoubtedly revolutionised every business sector, including the insurance industry worldwide.
For Af [...]
South Africa a potential flashpoint as almost half the globe goes to the polls, warns Allianz
With an unprecedented ‘super-cycle’ of elections in 2024, almost half the world’s populations will go to the polls before the year is out, but concern [...]
South African insurance market set to grow almost 4% this year, according to GlobalData
The South African general insurance industry is set to grow at a compound annual growth rate (CAGR) of 4.8% from ZAR159.5bn ($9.4bn) in 2024 to ZAR192 [...]