Tag: Feature
ASR begins operation in Dubai to serve Middle East and Africa
Reinsurance group Africa Specialty Risks (ASR) has launched operations for ASR Middle East as a Lloyd’s service company, allowing it to underwrite bus [...]
Storm highlights need to have regular insurance valuations, warns South African risk manager
A severe storm that struck parts of Randfontein and Westonaria in Gauteng recently left a trail of destruction, injuring 24 people and causing extensi [...]
Commercial insurers struggling to find profitable growth, warns McKinsey
Profitable growth is increasingly hard to find, according to McKinsey. Commercial property and casualty insurers need to be deliberate about where and [...]
Personal lines relevance still below pre-pandemic levels, warns McKinsey
While personal lines property and casualty insurance premiums grew by 9.5 percent in 2022-23 to US$1.1-trillion—outpacing nominal global GDP by half a [...]
Insurers facing huge volatility but opportunities still exist, says McKinsey
The volatility facing insurers is unprecedented, according to McKinsey, which warns the macroeconomic picture is mixed, with inflation stubbornly high [...]
Sanlam partners with Ninety One in bold ZAR400-billion asset management deal
Sanlam, one of South Africa’s largest diversified financial services groups, has announced a landmark partnership with Ninety One, appointing the firm [...]
80% of risk managers fear their organisations may not respond effectively to emerging risks, warns WTW
Only two in 10 (20%) key decisionmakers and the teams supporting them believe their organisation will be able to respond adequately to risks that migh [...]
Insurer relationships changing because of evolving cat risks, warns S&P
Insurers are being forced to re-evaluate their relationships with each other and the world at large because of evolving natural catastrophe risks, acc [...]
Climate activists concerned COP29 going in wrong direction
The Africa Make Big Polluters Pay (MBPP) partners express deep concern regarding ongoing discussions surrounding Article 6 of the Paris Agreement, par [...]
IAIS approves new capital standard for internationally active insurers
The International Association of Insurance Supervisors (IAIS) Executive Committee has approved the final version of the Insurance Capital Standard (IC [...]