Tag: Feature
Three global insurers agree deal to enable AfDB to scale up on climate financing
Three global insurance players, the African Development Bank (AfDB) and the UK have agreed a new and innovative risk sharing transaction known as the [...]
Warning from global north activists on fossil fuel insurance – impacts to be felt across Africa
Insurance company restrictions on oil and gas are finally starting to catch up with those on coal, according to new data from the global north campaig [...]
Turbulent capital markets take their toll on insurers – rigorously pricing in inflation is key for Munich Re
The combined impact of economic and geopolitical crises is causing virtually unprecedented levels of complexity in the business environment for primar [...]
African insurers increasingly reporting on TCFD disclosures
Some 80% of companies are reporting at least one Task Force on Climate-related Financial Disclosure (TCFD), according to the 2022 Status Report, with [...]
Sub-Saharan Africa faces downturn but long-term prospects remain good, says IMF
Sub-Saharan Africa’s economic activity is expected to slow significantly in 2022 and remain relatively modest in 2023. The news come as African insure [...]
Insurers warn of increasing claims as floods sweep across west and northeast Africa
Insurers across west Africa are anticipating a rise in claims after floods continue to devastate large parts of the region.
Speaking to Africa Ahea [...]
Prudential and Google sign deal to boost health and financial inclusion across Africa
Insurance group Prudential and Google Cloud have agreed a strategic partnership to enhance health and financial inclusion for communities across Afric [...]
Ellgeo expands into Kenya with new brokerage and sustainability at its core
Ellgeo Re (Mauritius) Ltd is opening a brokerage in Kenya after gaining regulatory approval for the new operation.
The company said the new office [...]
Munich Re to quit new oil and gas developments from next April
Munich Re is to pull out of all new oil and gas field developments from 1 April 2023.
The giant German reinsurer had been under pressure from activ [...]
African reinsurers facing significant challenges, warns AM Best
Volatile oil prices, double-digit inflation, as well as the impact of the Covid-19 pandemic on various local economies, have put pressure on the resul [...]