Tag: Feature
GIG Egypt enjoys rating upgrade from AM Best
AM Best has upgraded the financial strength rating to A (Excellent) from B++ (Good) and the long-term issuer credit rating to “a” (excellent) from “bb [...]
GFIA warns Zambian government that changes to the insurance law will reduce foreign investment
The Global Federation of Insurance Associations (GFIA) has written to Zambia’s Finance Minister, raising concerns over the country’s Insurance Act No. [...]
Just 1.1% of total crisis financing from international development donors was arranged in advance in 2022
International development financing for PAF from donors fell in absolute volume terms from US$1.9-billion in 2021, to $852.2-million in 2022, amountin [...]
Property and BI in the power sector show signs of softening, says WTW
After enduring years of hard-market conditions, the (re)insurance property and business interruption market cycles in the power sector are starting to [...]
ASR Ltd starts operating as a Lloyd’s service company
Africa Specialty Risks (ASR), the pan-African- and Middle East-focused (re)insurance group, has announced that Africa Specialty Risks Ltd (ASR Ltd), A [...]
New microinsurance and agriculture pool planned for Africa, says AIO
New microinsurance and agriculture insurance pool for Africa planned as the Microinsurance Network (MiN), the global community dedicated to developing [...]
More than one-third of the global population at risk from flooding, warns Moody’s
Some 2.7-billion people – more than one-third of the global population – reside in areas vulnerable to inland or coastal flooding, according to a new [...]
Climate and sustainability reporting is helping us discover opportunities, 54% of risk managers say
A majority of respondents (54%) to a survey from UK risk organisation Airmic said climate and sustainability reporting is helping their organisations [...]
First insurance payout to Red Cross after thresholds reached
For the first time, an insurance payout has been triggered by the International Federation of Red Cross and Red Crescent Societies’ Disaster Response [...]
African reinsurers looking resilient and set to grow, says AM Best
High commodity prices, volatile and double-digit inflation, and a general deterioration in macroeconomic conditions in the aftermath of recent externa [...]