Tag: Feature
African insurance premiums dropped 2.6% in 2022, reports AIO
In 2022, African economies faced new obstacles in an unpredictable global risk landscape. Real GDP grew by 3.8%, down from 4.8% in 2021, [...]
Renewal season shaping up to be tough, market hears at AIO Reinsurance Forum
The African insurance market can expect another set of bruising renewals at 1/1 as global reinsurers look to raise prices, but the market could turn q [...]
Implementing recommendations from German consultants could revive South Africa’s power sector
South Africa is not only grappling with onerous socioeconomic challenges, but with increasing frequency has found itself plunged into darkness.
Esk [...]
Africa Re partners with Actuview to provide continuing education to actuaries across Africa
In a move to support the development of the actuarial profession in Africa, Africa Re is partnering with Actuview to provide access to international c [...]
Flooding claims 12 lives, causes major damage to infrastructure in SA’s Western Cape province
South Africa’s Western Cape province became the latest statistic in the ‘rising frequency and severity of extreme weather events’ trend as gale-force [...]
IMF warns debt rising in Africa to almost double in a decade
The average debt ratio in sub-Saharan Africa has almost doubled in just a decade ‒ from 30% of GDP at the end of 2013 to almost 60% of G [...]
IDF backs country roadmap for inclusive insurance in Kenya
The Insurance Development Forum (IDF) is to create a Country Roadmap for Kenya, laying out a strategic framework for inclusive insurance in Kenya.
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Kenyan insurtech buys Ghanaian firm to expand its continental reach
Turaco, the Kenyan insurtech startup offering affordable insurance to users, has acquired MicroEnsure Ghana from MIC Global. Under the deal, MicroEnsu [...]
Risk managers warning on water supply around Johannesburg as summer approaches
Continuous water supply issues in Johannesburg, especially as the country approaches the summer months, is ringing alarm bells among the risk manageme [...]
Africa’s reinsurers will be tested in the months ahead, warns AM Best, but it has hope for the long-term future of the sector
The declining creditworthiness of many African debt issuers has led to increased asset risk and will test the resilience of the continent’s reinsurers [...]