Tag: Feature
Marine insurance market acts on Sudan fighting
The London insurance market’s Joint War Committee has met to consider the situation in Sudan and has added Sudan to the Listed Areas, meaning ship own [...]
Economic and cyber risks worrying directors and officers, says new report
Economic and cyber risks, particularly those associated with data loss and ransomware, are causing increasing concern for directors and officers, acco [...]
Hannover Re becomes third to quit Net Zero Insurance Alliance within a month
German reinsurer Hannover Re on Wednesday became the third major company to leave a global climate alliance focused on reducing emissions that has fac [...]
South Africa’s New National partners with JBA Risk Management for global flood data
Insurer New National Assurance has signed an annual deal with JBA Risk Management for the use of its flood data for South Africa.
The 50-year-old s [...]
Zimbabwe’s insurance industry – key trends and opportunities
The previously reliable and predictable global insurance industry is undergoing change. It is difficult to grow without losing profitability, climate [...]
Gambia receives US$187,641 insurance payment from ARC Ltd
The Gambian government has received an insurance pay out of US$187,641 following its participation in the African Risk Capacity (ARC) Group mechanism. [...]
Sanlam Life signs Kenya distribution deal
Sanlam Life Insurance has signed a distribution deal with KCB and National Bank of Kenya to deepen the uptake of life insurance products in Kenya.
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Cyber premiums on risk despite more disciplined unwriting, reports IAIS
Global cyber insurance premiums have continued to grow despite tighter terms and conditions and stricter risk selection, according to a new report.
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Cyber crime peaking in Kenya, offering opportunity for insurers
In what seems like an opportunity for African insurers offering cyber cover, Kenya’s losses to cyber criminals reached Ksh3.6bn (US$36m) in 2022, comp [...]
Technology critical to Africa’s future as global player, suggest insurers
Africa’s insurers believe adoption of smart AI chatbots, blockchain and open-source data could all significantly alter the course of the continent’s d [...]