Category: Social
Cyber crime peaking in Kenya, offering opportunity for insurers
In what seems like an opportunity for African insurers offering cyber cover, Kenya’s losses to cyber criminals reached Ksh3.6bn (US$36m) in 2022, comp [...]
Technology critical to Africa’s future as global player, suggest insurers
Africa’s insurers believe adoption of smart AI chatbots, blockchain and open-source data could all significantly alter the course of the continent’s d [...]
Diot-Siaci and Amethis buy stake in Gras Savoye
The Diot-Siaci Group, a European leader in business insurance consulting and brokerage, and Amethis have bought a stake in the ASK Gras [...]
Insurers watching Sudan carefully after a major escalation in fighting
Political risk insurers, among others, are watching carefully as fierce fighting erupts in the Sudanese capital of Khartoum.
Ben Hunter, east Afric [...]
Growth in SSA pegged back for 2023, but rebounds in 2024, predicted IMF
Growth in sub-Saharan Africa (SSA) is expected to slow to 3.6% as a “big funding squeeze”, tied to the drying up of aid and access to private finance, [...]
Gulf of Guinea pirate attacks drop but risk remains, says IMB
The ICC International Maritime Bureau (IMB) has recorded the lowest level of reported global piracy and armed robbery incidents since 1993 but calls f [...]
Ugandan insurers launch insurance walk to tackle lifestyle diseases
On average Ugandans make five outpatient visits in a year to the hospital, with on average each visit costing about sh100,000 ($26).
Ernest Magezi [...]
Warning on cyber risks as 26% of CEOs fear they will face an attack within the year, says PwC
Twenty-six percent of CEOs in Africa believe their companies will be exposed to cyber risk in the next 12 months, with 33% predicting an issue in the [...]
LISTENING TO: Thuli Manyoha stresses the importance of treating a career as a journey
Thuli Manyoha, head: niche businesses at Santam, recently spoke to delegates at the 2022 Women in Insurance conference in Johannesburg and urged them [...]
Working together for the common good of the insurance sector essential, suggests Continental Re head
Collaboration and partnerships are essential for Africa’s insurance market to reach its potential, insurance CEOs from across Africa heard as they [...]