Category: Social
Surge in ransomware attacks hitting insurers
Allianz Global Corporate & Specialty (AGCS) was involved in more than 1,000 cyber claims overall in 2020, up from about 80 in 2016. The number of [...]
Africa rebounding from Covid-19 says World Bank, but needs vaccines
Sub-Saharan Africa (SSA) has proved resilient in the face of the Covid-19 pandemic and is set to emerge from the 2020 recession with growth expected t [...]
SA government makes payment to Sasria to cover riot claims
The South African government is reported to have agreed to cover the damages linked to the riots that started in July 2021.
The Treasury is paying [...]
New agriculture strategy for Tanzania to launch in June 2022
Tanzania should have a new agricultural insurance strategy in place by June of next year. Speaking at an agriculture insurance webinar, organised by t [...]
Innovation and insurtech key to growing African insurance markets
A new survey has found that innovation and insurtech are essential to grow insurance markets in the next 12 months.
Some 61% of 300 insurers polled [...]
Bridging the gap between insurers and NGOs
One of the challenges for the insurance sector is being seen as relevant to the many thousands of NGOs operating in Africa. A new company, Rural Inclu [...]
AM Best believes pricing and terms on turn in North Africa
Pricing and terms in the Middle East and North Africa (MENA) are turning in favour of the region’s reinsurers, according to the new report from AM Bes [...]
The dynamics of the agriculture (re)insurance market
With Africa accounting for just 1% of global agriculture insurance premium but with many countries dependent on agriculture as the backbones of their [...]
Financial boost for digital insurance in Morocco
IFC and the Autorité de Contrôle des Assurances et de la Prévoyance Sociale (ACAPS) have agreed a partnership to accelerate digitalisation of the insu [...]
Startup launches per-trip cover for Kenya transport
Kenyan insurance startup Lami Technologies and Sendy are launching a per-trip insurance policy for transporters in Kenya, in a move designed to increa [...]