Tag: Feature
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 [...]
Diot-Siaci and Amethis buy stake in Gras Savoye
The Diot-Siaci Group, a European leader in business insurance consulting and brokerage, and Amethis have bought a stake in the ASK Gras [...]
Insurers watching Sudan carefully after a major escalation in fighting
Political risk insurers, among others, are watching carefully as fierce fighting erupts in the Sudanese capital of Khartoum.
Ben Hunter, east Afric [...]
Growth in SSA pegged back for 2023, but rebounds in 2024, predicted IMF
Growth in sub-Saharan Africa (SSA) is expected to slow to 3.6% as a “big funding squeeze”, tied to the drying up of aid and access to private finance, [...]
Morocco life insurance: major movements in the aftermath of the pandemic
Life insurance benefits and costs in Morocco jumped 22% to reach Dirhams15.1 billion in 2021, driven mainly by redemptions which marked [...]
Ugandan insurers launch insurance walk to tackle lifestyle diseases
On average Ugandans make five outpatient visits in a year to the hospital, with on average each visit costing about sh100,000 ($26).
Ernest Magezi [...]
Warning on cyber risks as 26% of CEOs fear they will face an attack within the year, says PwC
Twenty-six percent of CEOs in Africa believe their companies will be exposed to cyber risk in the next 12 months, with 33% predicting an issue in the [...]
Kenya’s World Bank-backed $140m livestock cover races past annual target
Kenya’s World Bank-backed livestock insurance project has signed up 73,000 pastoralists in under five months, signalling that demand could outstrip th [...]