Tag: Feature
Insurers warned of possible tax hit to their insureds
African Development Bank Group (AfDB) president Dr Akinwumi Adesina has warned that a new European Union carbon border tax could significantly constra [...]
Moody’s life insurance sector 2024 outlook stable
Rating agency Moody’s outlook for the global life insurance sector is stable, unchanged from last year. Life insurers in most regions continue to bene [...]
Credit insurer teams up with west African bank to use insurance to build capacity in the face of climate change
In what was called “a significant move” at COP 28, the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a [...]
Global reinsurance sector capital adequacy remains sound, reports IAIS
The International Association of Insurance Supervisors (IAIS) reports that global insurance sector capital adequacy remains sound but has slightly dec [...]
South Africa’s top five risks in 2024
As South Africa approaches a pivotal year, it faces a confluence of risks that threaten its socio-economic stability. From the spectre of civil unrest [...]
New US$1bn agricultural insurance facility unveiled at COP28 by AfDB
The African Development Bank Group (AfDB) is planning a US$1bn facility to provide insurance to more than 40-million farmers across the continent agai [...]
AXA Climate contributes to the launch of a parametric insurance project across multiple cities in Togo
AXA Climate, part of global insurer AXA Group, London-based broker Howden and Togo-based non-governmental organisation Pionners en Action pour le Déve [...]
NDSI to strengthen African insurance voice at COP28
As climate-related vulnerabilities and uncertainties continue to escalate in Africa, the significance of the African insurance sector’s role increases [...]
AM Best says reinsurance market stable as tougher stance likely to continue
Rating agency AM Best has maintained its market segment outlook for the global reinsurance segment at stable, citing substantial rate improvement, pri [...]
IRMSA warns South Africa faces risk paradigm shift
Next year will be one marked by even more rapid technological advancement, geopolitical shifts, and environmental uncertainties and the role of risk m [...]