Tag: Feature
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 [...]
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 [...]
JBA and Reinsurance Solutions to support African insurers for flood risk management
JBA Flood Risk Management is to collaborate with Reinsurance Solutions Intermediary Services (RSIS), an African-based reinsurance broker, that will us [...]
Insurers urged to create fit-for-purpose products to drive premium volumes up across Africa
With climate change already impacting the continent, with increased frequency and severity of floods, typhoons and droughts, the insurance industry ha [...]
Kenyan regulator wants law changes to improve insurance take up
Kenya’s Insurance Regulatory Authority (IRA) has called for an overhaul of underwriting laws, amid slowing uptake of covers and mounting losses as the [...]
Africa Re files net profit of $23.7m for first half
The African Reinsurance Corporation (Africa Re) has posted a net profit of $23.7m for the first six months of this year, 27% higher than the $18.7m re [...]
New K&R product launched for Africa
African specialist underwriting agency, Neema Insurance Managing Agency (Neema), has launched a new kidnap and ransom (K&R) reinsurance product fo [...]
Global premiums set to double in next two decades
Global P&C premiums are expected to more than double to $4.3trn in 2040 from $1.8trn in 2020, as the P&C portfolio composition is expected to [...]
ESG product gold rush brings dangers of mis-selling scandals
In recent years the growth in products marketed on the basis of their strong environmental, social and governance (ESG) credentials has exploded. More [...]