Category: Social
Cameroon becomes 37th country to join Africa Risk Capacity
Cameroon is the latest country to sign up to the African Risk Capacity (ARC), making it the 37th country to join.
According to ARC, membership will [...]
IMF warns of tough times across Africa but remains positive going into 2024
2023 has been a difficult year for activity in sub-Saharan African economies, according to the latest report from the International Monetary Fund.
[...]
Nigerian actuarial industry set for growth
Developments in the actuarial market across Nigeria was the focus of the recent Nigerian Actuarial Society (NAS) two-day 2023 conference in Lagos. The [...]
African insurance premiums dropped 2.6% in 2022, reports AIO
In 2022, African economies faced new obstacles in an unpredictable global risk landscape. Real GDP grew by 3.8%, down from 4.8% in 2021, [...]
Putting customers first still a struggle for many African insurers
Cet article est aussi disponible en Français
Much is said and written about the low levels of insurance penetration across the African continent. V [...]
Surge in funeral assurance business written in Zimbabwe
The latest quarterly update from the Insurance and Pensions Commission (IPEC) Zimbabwe shows an improved performance in the funeral assurance business [...]
Renewal season shaping up to be tough, market hears at AIO Reinsurance Forum
The African insurance market can expect another set of bruising renewals at 1/1 as global reinsurers look to raise prices, but the market could turn q [...]
Africa Re partners with Actuview to provide continuing education to actuaries across Africa
In a move to support the development of the actuarial profession in Africa, Africa Re is partnering with Actuview to provide access to international c [...]
IDF backs country roadmap for inclusive insurance in Kenya
The Insurance Development Forum (IDF) is to create a Country Roadmap for Kenya, laying out a strategic framework for inclusive insurance in Kenya.
[...]
Africa’s reinsurers will be tested in the months ahead, warns AM Best, but it has hope for the long-term future of the sector
The declining creditworthiness of many African debt issuers has led to increased asset risk and will test the resilience of the continent’s reinsurers [...]