Tag: Editor's Pick
Uganda’s insurers pay record $231m in claims amid premiums surge
Uganda’s insurance industry paid out a record UGX887.4 billion (about US$231.42 million) in claims in 2024, marking 8.2% growth from the previous year [...]
Mandatory licensing, CPD now law for Kenya’s insurance practitioners
Kenya’s President William Ruto has signed the Insurance Professionals Bill 2024 into law, marking a key step in improving the professionalism and stan [...]
AIO Meets Ep2: Diversity can drive change in the insurance sector
In this second podcast of The AIO Meets, Patty Karuaihe-Martin, immediate past president of the African Insurance Organisation, and AIO Secretary Gene [...]
VIDEO: Insurers need to tighten up their underwriting criteria in the face of increasing natural disasters
Philip Lopokoiyit, CEO of ICEA Lion, discusses the floods of 2024 across east Africa, particularly those that hit the Mara, and the need for all i [...]
African insurers must embrace AI, but also keep their hands on the wheel
The introduction of artificial intelligence (AI) into the insurance world has already happened and insurers need to embrace the change, while mana [...]
Why insurers need to engage with Africa’s development-focused energy transition
The future of Africa’s energy will not be shaped by ideology alone. It will be defined by the continent’s desire to accelerate industrial development, [...]
Turning ESG from obligation to opportunity could drive a sea change in profitability, insurance experts suggest
Turning environment, social and governance (ESG) principles into an opportunity rather than a risk could result in a sea change in terms of number [...]
New Zimbabwe law linking radio licence to vehicle insurance spooks underwriters, insureds
The recently passed regulation requiring motorists in Zimbabwe to purchase radio licence before they can buy vehicle insurance covers has unsettled th [...]
Inclusive insurance key for Uganda’s economic growth, stresses regulator
Insurance penetration in Uganda remains below 1% despite the rising insurable risks in the country. The East African country has been stepping up effo [...]
Breaking barriers: Inclusive insurance strategies in the CIMA zone
With one of the lowest penetration rates in the world, the development of the insurance industry in the CIMA zone, and in Africa in general, is ha [...]