Oil price affecting political risk in key African states

Oil price affecting political risk in key African states

Oil price affecting political risk in key African states

Political events can have a significant influence on the price of oil, but the price of oil also has a strong influence on political events. In 2016, the latter was in full force, with enormous geopolitical consequences from the downturn in the price of oil, according to a new report from Marsh. Its 2017 Oil and Gas Risk Reward Index…

Commercial lines pricing up in MENA region survey finds

Commercial lines pricing up in MENA region survey finds

Commercial lines pricing up in MENA region survey finds

Commercial lines pricing has increased in the MENA (Middle East and north Africa) region, according to the latest MENA Insurance Pulse. The survey of executives representing 40 regional and international (re)insurance companies, intermediaries and trade associations finds that 70% of executives polled expect stable or higher rates over the next 12 months, up from 58% in 2016. The survey finds…

Boost for agricultural insurance in Tunisia

Boost for agricultural insurance in Tunisia

Boost for agricultural insurance in Tunisia

French consultants Finactu have agreed to support Tunisian insurer CTAMA in boosting its agricultural book. CTAMA was founded in 1961 and has positioned itself as an agricultural insurer though an extensive network in rural areas, its close proximity to the agricultural ecosystem and its technical expertise on agricultural risks. Under Mansour Nasri, president and CEO of CTAMA, the company aims…

African states amend private public partnership rules

African states amend private public partnership rules

African states amend private public partnership rules

A number of African states, including Benin, Mali and Tunisia, have amended their public-private partnership (PPP) rules, according to lawyers at Bird & Bird. In Benin, the firm said: “The National Assembly has adopted a law on the legal framework for public-private partnerships in Benin. In addition to the classic distinctions provided for in the UEMOA directives (notably public service…

Allianz launches new Moroccan operation

Allianz launches new Moroccan operation

Allianz launches new Moroccan operation

Allianz is aiming for a major expansion, doubling its market share in five years, after officially launching its Moroccan operation. The company has officially been a part of the Allianz Group since 3 November 2016, following the acquisition of 98.9% of Zurich Assurances Maroc and after obtaining the relevant regulatory approvals. It began operations on 30 January 2017, under its…

Is insuring loss of power in Africa viable?

Is insuring loss of power in Africa viable?

Is insuring loss of power in Africa viable?

Estimates suggest that of the 1.2 billion people in the world who do not have access to electricity, half live in Africa. One way forward to solve Africa’s power supply problem is to give people access to electricity through the development of off-grid and ‘mini-grid’ solutions. However, this technology remains nascent and there are a number of barriers to widespread uptake.

Multinational brands snap up Zurich Insurance Group’s African assets

Multinational brands snap up Zurich Insurance Group’s African assets

Multinational brands snap up Zurich Insurance Group’s African assets

In February 2016, Switzerland-based insurer Zurich Insurance Group confirmed that it was undertaking a strategic review to reshape its geographical footprint and improve profitability. The result of this review rippled through the African insurance market in June and July, with confirmation that Zurich Assurances Maroc (ZAM) and Zurich Insurance Company South Africa (Zurich SA) had been sold.