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Africa
South Africa’s Twin Peaks regulation under scrutiny
Commercial Risk Africa attended a consumer-focused discussion on the impact of South Africa’s ‘Twin Peaks’ model of financial regulation on banks, insurers, pension funds and other financial services providers…
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Africa
Driving the insurance sector upwards through increased awareness and improved customer service is key to success
Miriam Magala, CEO of the Uganda Insurers Association, talks about the challenges and opportunities facing the Uganda insurance market What are the five issues that will drive growth of the…
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Africa
Is Kenya its own worst enemy?
It is hard to understand why Kenya likes sabotaging itself. At a time when things seem to be going so well for this leading east Africa economy, a man-made disaster…
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Africa
Time for women in risk to stand up and be counted
International Women’s Day 2017 was celebrated last week, and women in risk management were no exception. The UK’s Institute of Risk Management (IRM), which includes a chapter in Kenya as…
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Africa
Elusive oil and gas cooperation costly for East Africans
East African countries are pursuing separate routes as they get closer to the production stage of oil and gas, a move that is expected to cause delays in realisation…
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Africa
West Africa: riding wave of $50 oil for growth
The rise in the price of oil to $50 per barrel and above did not come overnight for the global oil and gas industry. Rather, it was the culmination…
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Africa
Signs of optimism are returning to the African oil and gas market after 18 months of turmoil and as the price of a barrel tips over $50
Stalled exploration of the Mauritania-Senegal-Gambia-Bissau-Conakry (MSGBC) basin is set to resume in 2017, according to experts at BMI Research. They say the basin remains a relatively underexplored region of the…
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Asia
China accounts for half of 2016 global premium growth, Allianz research finds
Total global premium income rose by 4.4% to a new record high in 2016 of €3,650bn, but almost half of this growth is attributable to the Chinese market and notably…
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CRE Risk Management
Corporate travellers warned of yellow fever risks in Brazil
Companies with employees travelling to Brazil should put in place additional risk mitigation measures following a significant rise in cases of yellow fever in the country, warns Intana Global, the…
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CRE Insurance
Atradius appoints new head of risk services in UK and Ireland
Trade credit insurer Atradius has appointed Mike Thomas as head of risk services, UK and Ireland. Mr Thomas has worked at Atradius for almost 20 years, starting his career as…
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Africa
Successful risk management keeps southern African insurance stakeholders in profit
It is not easy to measure the size of insurance markets in southern Africa. Even in South Africa, which boasts among the best financial systems in the world, analysts…
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Africa
Transforming the insurance sector in Kenya
Winning consumer trust and designing insurance products fit for purpose is key in the drive to increase insurance penetration in Kenya, according to a group of insurers meeting recently in…
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CRE Insurance
Emy Donavan replaces Pearson as AGCS global cyber head
Allianz Global Corporate & Specialty (AGCS) will appoint Emy Donavan as global head of cyber to replace Nigel Pearson who is leaving the post to “pursue other opportunities”. Ms Donavan…
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Insurance
Kenya confirms early oil export in June
Kenya has confirmed today that it will start exporting its oil in June, after it signed an export agreement with oil well developers, known as the Kenya Joint Venture…
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CRE Insurance
Aon Risk Solutions UK appoints new CEO
Julie Page has been appointed as CEO of Aon Risk Solutions (ARS) in the UK, effective 1 April 2017. She replaces Andrew Tunnicliffe, who has been with Aon since 2005,…
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CRE Risk Management
US court hears VW emissions guilty plea
Car manufacturer Volkswagen (VW) has pleaded guilty to charges of fraud, obstruction of justice and falsifying statements to fix emissions tests on its vehicles. The guilty plea, delivered by general…
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Barbican Insurance expands energy team
Barbican Insurance Group has appointed Marc Sullivan to its energy underwriting team. Mr Sullivan, who joins Barbican from Starr Underwriting Agents, will take on the role of class underwriter for…
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Africa
Nigerian insurance rebranding project suffers another delay
The rebranding of the Nigerian insurance industry, scheduled to commence by the first quarter of 2017 after initially failing to meet its 1 October 2016 commencement date, could be delayed…
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Africa
South African insurer grows premium but loses out on investment income thanks to forex strains
South Africa’s largest short-term insurer, Santam (JSE: SNT), announced full-year results on 2 March, for the 12 months ended 31 December 2016. In a year described as “a return to…
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CRE Insurance
Insurers face $1bn-plus bill for February cat losses
Five severe US weather events during February are set to land insurers with a bill of more than $1bn for the month, according to Aon Benfield’s Impact Forecasting. February closed…