Category: Social
How insurtech is driving social impact in Africa
One of South Africa’s up-and-coming, consumer-focused insurtech companies made headlines recently with the announcement that it had secured US$17m in [...]
Asset owners must adopt alternative mindsets to accelerate impact and sustainability
Asset owners and other allocators of capital (who include asset managers, insurers and retirement funds) must adopt alternative mindsets when making i [...]
Ukraine war amounted to €475m losses for Munich Re in 2022, but overall profits rise
Man-made major losses for Munich Re in 2022 amounted to €1,742m (€1,165m), with the increase partly related to the war in Ukraine, totalling €475m. De [...]
P&C lines strong but insurers face challenges ahead, warns McKinsey
Global commercial property and casualty (P&C) lines have delivered strong financial performance in recent years following the soft market of 2013 [...]
Africa Re launches 8th edition of African Insurance Awards
African Reinsurance Corporation (Africa Re) has launched the 8th edition of the African Insurance Awards to be awarded on 29 May 2023 in [...]
Nigeria cash crisis could generate huge claims against insurers
Nigeria is in the middle of a cash-crunch crisis resulting from currency redesign policy that did not go as planned in terms of implementation, leadin [...]
High losses peg back Swiss Re results for 2022, but group has ambitious plans for 2023
Swiss Re has reported a net income of US$472m for 2022, with a net income of $757m in the fourth quarter, after high nat cat- and Covid-19-related cla [...]
Insurtech Naked gets US$17m boost in bid to have a greater social and developmental impact
South Africa-based Naked insurance is to get a US$17m investment to help increase access to insurance products and services across the country.
IFC [...]
Kenyan boda boda riders to have new insurance option
Digital insurance provider Lami Technologies is partnering with Unchorlight Kenya (UNK) to provide boda boda riders in the country with access to suit [...]
From excessive pessimism to excessive optimism on the world economy, suggests Coface
The year 2023 starts with good news on the macroeconomic front, claims credit insurer Coface.
In its latest Barometer report, it said: “First, Euro [...]