Category: Social
Key strategies for overcoming market challenges and resources constraints in Africa’s life insurance sector
In the African market, life insurance penetration rates have historically remained low, leading to rising loss ratios as markets approach maturity. To [...]
Africa Re sees 18% growth in gross written premium with profits up too
The African Reinsurance Corporation (Africa Re) saw 18% growth in its gross written premium, recording income of US$529m for the first s [...]
Munich Re and Allianz both pleased with half-year figures
Munich Re and Allianz have both posted their first-half results, revealing healthy figures from each group despite the globally tough economic environ [...]
Resilience and sustainability hinge on alignment with long-term risk offsets
To succeed, the insurance industry must align its resilience and sustainability efforts with the long-term global strategies aimed at mitigating evolv [...]
Takaful insurance CEO says product is for every religious faith
One of the most misunderstood insurance products in Africa is Takaful. Indeed, many believe that Takaful is exclusively for Muslims, leading quite a n [...]
ATIDI seeks to increase its business in Senegal
The African Trade & Investment Development Insurance (ATIDI) has completed a workshop on “De-risking trade and Investments in Africa [...]
ATIDI insures loan to implement €300m infrastructure projects in Tanzania funded by Deutsche Bank
ATIDI has insured a €300m loan facility which has been issued by Deutsche Bank AG to the government of Tanzania. The facility will finan [...]
Africa Re sees healthy climb in gross written premium figures in 2022
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Africa Re has reported a 12.59% increase in gross written premium at US$951.78m for 2022.
Conscious [...]
Fresh approach to insurance partnerships ‘scores’ a standing ovation at AIE2023
The first day of the African Insurance Exchange (AIE 2023) got off to an impressive start as Gift of the Givers founder, Dr Imtiaz Sooliman, delivered [...]
Reinsurers have a track record of resilience that spans decades
Despite recent improvements, the global reinsurance industry still has a gap to close in terms of getting its underlying return on equity (ROE) in lin [...]