Two insurance lawyers switch to ENS

Two insurance lawyers switch to ENS

Two insurance lawyers switch to ENS

ENSafrica, which claims to be Africa’s largest law firm, has welcomed the return of Rob Scott and Nicole Gabryk as executives in its dispute resolution department. Mr Scott will head up the firm’s insurance practice group, where his focus will include assisting clients looking to expand their insurance interests across Africa and to take advantage of the growth of the…

Carbon nanotubes and disease risks

Carbon nanotubes and disease risks

Carbon nanotubes and disease risks

Understanding the potential for new risks, and particularly those that may ultimately lead to disease claims, is increasingly important for those sectors manufacturing or using nanotech. With its increased use in a variety of products, questions about the health risks will continue to be raised. As early as 2008, pathogenic similarities between some carbon nanotubes (CNTs) and asbestos fibres were…

African Insurance Awards 2019 announced

African Insurance Awards 2019 announced

African Insurance Awards 2019 announced

The African Reinsurance Corporation (Africa Re) has launched the fifth edition of the African Insurance Awards. Africa Re said the objective of the awards is to reward and celebrate innovation, good corporate management and good leadership in the African insurance industry. The 2019 edition will take place on 10 June 2019 in Johannesburg, South Africa. There are four award categories…

Africa needs to leverage leading fintech role

Africa needs to leverage leading fintech role

Africa needs to leverage leading fintech role

The International Monetary Fund (IMF) is urging African governments to take advantage of the continent’s leading role in mobile money. In a new paper, Fintech in Sub-Saharan Africa: A Potential Game Changer, it suggests that the challenge is for the continent to leverage its success in mobile money. “It needs to transition to other fintech services and a digital economy.…

Bringing innovation and entrepreneurship to the insurance market

Bringing innovation and entrepreneurship to the insurance market

Bringing innovation and entrepreneurship to the insurance market

In South Africa, new insurance industry regulations requiring onerous capital adequacy limits for cell captives have been introduced, as well as delineating the types of businesses that may own a cell captive. As a result, Genric Insurance Company is focusing on providing insurtech startups, underwriting management agencies and entrepreneurs with more financially viable and practical alternatives to bring new insurance…

Cash usage providing headaches for African insurers

Cash usage providing headaches for African insurers

Cash usage providing headaches for African insurers

Insurers are facing a number of risks from the continued use of cash across Africa. According to Assaf Reches from broker Knapton, the use of cash is still very popular in Africa and makes up a significant proportion of the transactions made throughout the continent. He said: “Governments don’t like this level of cash payments, as it has potential to…

A practical overview of the IMO 2020 Sulphur Cap

A practical overview of the IMO 2020 Sulphur Cap

A practical overview of the IMO 2020 Sulphur Cap

With less than 18 months before Regulation 14.1.3 of Annex VI of the International Convention for the Prevention of Pollution from Ships (MARPOL) comes into effect, there are still numerous challenges surrounding compliance and enforcement, which have cast uncertainty over the effect that the regulation will have on the international maritime industry and on individual shipping companies. This three-part series…

Result of imminent election key to capitalise on Nigeria’s potential

Result of imminent election key to capitalise on Nigeria’s potential

Result of imminent election key to capitalise on Nigeria’s potential

With just days to go until Nigeria goes to the polls and with business nervous of the ensuing political risks, Africa’s largest economy is still facing myriad issues. Anna Brattstrom, global head of statistics and analytics at Axco Insurance Information Services, warned: “Violent clashes between farmers and herders, undefeated terrorist group Boko Haram, poverty, and slow economic recovery from the worst recession…