Tag: Feature
Nigeria, Kenya and South Africa generating majority of malware attacks, says Kaspersky
Out of the more than 206,000 mobile malware attacks blocked by Kaspersky solutions for the Middle East, Turkey and Africa (META) region in just six mo [...]
Cameroon joins ATI
Cameroon has become the 19th African member state of African Trade Insurance Agency (ATI), with a subscribed capital contribution of €11.37m, with the [...]
Plans afoot to increase motor insurance rates in Nigeria
Nigerian regulator Naicom is set to announce plans to increase third-party motor insurance rates.
From January 1, 2022, the rate will be changed fo [...]
South African courts imposes 18-month indemnity period to Covid-19 BI claims
Santam, South Africa’s largest general insurer, has been instructed by the country's Supreme Court of Appeals (SCA) to apply an 18-month indemnity per [...]
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 [...]
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 [...]
VIDEO: Can local content work within AfCFTA?
With the arrival of the African Continental Free Trade Area, Afro Asian Insurance Services and Africa Ahead: the Sustainability Challenge invited insu [...]
Another new flood model for Africa – this time from Willis Re
Willis Re has launched a flood model for the Middle East and north Africa (MENA) region, the first of its kind to be developed for the region, enablin [...]