Category: Social
Turbulent capital markets take their toll on insurers – rigorously pricing in inflation is key for Munich Re
The combined impact of economic and geopolitical crises is causing virtually unprecedented levels of complexity in the business environment for primar [...]
Sub-Saharan Africa faces downturn but long-term prospects remain good, says IMF
Sub-Saharan Africa’s economic activity is expected to slow significantly in 2022 and remain relatively modest in 2023. The news come as African insure [...]
Prudential and Google sign deal to boost health and financial inclusion across Africa
Insurance group Prudential and Google Cloud have agreed a strategic partnership to enhance health and financial inclusion for communities across Afric [...]
Ellgeo expands into Kenya with new brokerage and sustainability at its core
Ellgeo Re (Mauritius) Ltd is opening a brokerage in Kenya after gaining regulatory approval for the new operation.
The company said the new office [...]
Depreciating currencies fuelling inflation and hitting insurers’ capitalisation costs
Insurers across much of Africa are increasingly worried about the falling value of local currencies against the US dollar, as costs spiral for every p [...]
Insurers and brokers increasingly worried by the risk of vacancies in the sector
Attracting young blood into the insurance industry has been a challenge for players across Africa, despite generally youthful populations and plenty o [...]
Seeking inclusive and sustainable insurance growth, across Africa
There is an undeniable alignment between the financial protection role played by financial institutions and the overarching goal of inclusive and sust [...]
African reinsurers facing significant challenges, warns AM Best
Volatile oil prices, double-digit inflation, as well as the impact of the Covid-19 pandemic on various local economies, have put pressure on the resul [...]
Time for insurers to stop claiming systemic risks are uninsurable, Ghana conference told
It is time the insurance industry stopped telling people that certain risks are uninsurable.
That was among the key messages from the Association o [...]
Global marine insurance premiums rising, reports IUMI
The International Union of Marine Insurance (IUMI) Global Marine Insurance Report shows that global marine insurance premiums were up 6.4% on 2020, ri [...]