Will diesel emissions fuel a rise in personal injury claims?

Will diesel emissions fuel a rise in personal injury claims?

Will diesel emissions fuel a rise in personal injury claims?

Evidence of the harmful effects of diesel emissions is growing, resulting in it being likened to another toxic ‘timebomb’. These developments are likely to require corporates and their insurers to reconsider their approach to this developing risk. A new inquest into the passing of a child who died from asthma was recently ordered, following evidence that the death may be…

Business travel not restricted despite Ebola outbreak of ‘international concern’

Business travel not restricted despite Ebola outbreak of ‘international concern’

Business travel not restricted despite Ebola outbreak of ‘international concern’

The World Health Organisation (WHO) has declared the year-long outbreak of Ebola in the Democratic Republic of Congo (DRC) to be of “international concern”. However, borders remain open and the advice to business travellers is to carry on. Yesterday, the WHO said borders need not close and it is mindful of causing a huge economic dip by closing the borders…

African reinsurer bought in run-off

African reinsurer bought in run-off

African reinsurer bought in run-off

Legacy acquirer DARAG Group has bought One Re, a London-based non-life reinsurance company that provided reinsurance to African insurers. The transaction will be conducted through DARAG’s German risk carrier, DARAG Deutsche Versicherungs-und Ruckversicherungs-AG, and is subject to regulatory approval. The price tag has not been disclosed but it is DARAG’s first UK acquisition and follows the completion of a capital…

Risk management not valued by 40% of South African companies

Risk management not valued by 40% of South African companies

Risk management not valued by 40% of South African companies

Almost 40% of South African risk managers have said risk management is not valued by their organisation. Responding to a survey from the Institute of Risk Management South Africa (IRMSA), 39.96% of risk managers said risk management was not valued in their organisation. As part of the 2019 annual member survey, 448 respondents were asked: “What obstacles do you encounter…

Strong economic growth boosting life insurance sales

Strong economic growth boosting life insurance sales

Strong economic growth boosting life insurance sales

Countries in Sub Saharan Africa (SSA) are set to grow their life insurance and reinsurance industries on the back of strong economic growth – life insurance is often a precursor to a healthy general insurance market in emerging states. Filipe Nunes, head of life at Munich Re of Africa (MRoA), told attendees at the reinsurer’s 2019 Africa Life Conference that…

$1bn pledge to support Africa’s new trading bloc

$1bn pledge to support Africa’s new trading bloc

$1bn pledge to support Africa’s new trading bloc

The African Export-Import Bank (Afreximbank) has pledged $1bn to help countries adapt to the new trading conditions after the launch of the African Continental Free Trade Area (AfCFTA). The new trading bloc – set to become the largest in the world – has been taking massive strides forward in the weeks since it was formally ratified. Risk managers are watching…

Don’t let the bed bugs bite!

Don’t let the bed bugs bite!

Don’t let the bed bugs bite!

Bed bugs have been around since the dawn of time; originally, they were using bats as hosts and began feeding on humans while we were still living in caves. They were a common sight in the pre-insecticide era, where it is estimated they were resident in 30% of households. Recent years have seen species migrating northwards as temperatures increase. While…

Kenyan insurers see reduced costs, faster claims settlement on direct premiums collection

Kenyan insurers see reduced costs, faster claims settlement on direct premiums collection

Kenyan insurers see reduced costs, faster claims settlement on direct premiums collection

Patrick Alushula reports on a parliamentary decision set to benefit insureds and insurers at the expense of brokers and intermediaries Risk managers and insurance buyers are expected to welcome a Kenyan parliament move that should speed up the insurance-buying process. The cost of administration for insurance policies should fall while the claims settlement period should also reduce, according to the…

App set to change shape of Kenyan insurance market

App set to change shape of Kenyan insurance market

App set to change shape of Kenyan insurance market

An app has been launched to revolutionise the buying and then the claims handling process of motor policies. James Wambugu, who previously headed up UAP in Kenya, has joined SolvIT to ‘Uberise’ the insurance market. He told Commercial Risk Africa that, looking at motor policies first, insureds often struggle to find accurate values for their vehicles and insurers will send…

East African countries driving infrastructure agenda

East African countries driving infrastructure agenda

East African countries driving infrastructure agenda

Continued high levels of development expenditure in the East African Community’s (EAC) budget highlights a reliance on external debt flows to fund development spending, according to Fitch Ratings. It said recent budgets contain some measures that could reduce reliance on external funding for development finance, but it is unclear how successful these will be. Continued or renewed increases in debt/GDP…

1 2 3 118