Insurance
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SSA set for second difficult year but outlook is still favourable
After an extended period of strong economic growth, Sub Saharan Africa is set to experience a second difficult year as…
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Are regulators making it easy for insurers to innovate?
Continental Re recently held a CEO Summit for African insurance operators in Eden Island, Seychelles. The summit, attended by delegates…
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Regulatory change worries Kenyan insurance industry
Insurers are calling on regulators to give them more time to implement planned risk-based supervision.
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CRA correspondent scoops pan-African award
Steve Mbogo has been named among the winners of the Continental Reinsurance Pan-African Reinsurance Journalism Awards, announced by Larrey Chetty,…
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Embrace innovation or ‘fall’ to tech disruptors
Brokers must prepare for the game-changer ahead – the Fourth Industrial Revolution – according to speakers at the inaugural FIA…
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Collapse borders and use the media to increase penetration
The insurance industry must collapse African borders in order to broaden the reach of the near-virgin insurance market, and use…
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Oil price and political risks hit country supply chain resilience
Sharp declines in the price of oil and increased political risk have seen a number of countries slip down FM…
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Parima teams up with Lloyd’s to meet thirst for risk management education in Asia Pacific
Parima, the Pan-Asia Risk and Insurance Management Association, has announced this week at its conference in Kuala Lumpur, Malaysia, that…
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Half of large UK firms yet to tackle cyber threat
Research from the UK government found many companies are failing to address cyber risk, even though it revealed that almost…
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Beware wounded animals: Greenberg
Evan Greenberg, chairman & chief executive officer of Chubb, went as far as he could to assure analysts during the…
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London insurers express grave concerns for Brexit
With just over a month to go before the UK’s referendum on EU membership, London market insurers have expressed their…
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Fort McMurray fire may be Canada’s costliest loss
A wildfire that caused extensive damage to the Canadian city of Fort McMurray could become the country’s largest insured natural…
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Captives increase supply chain and cyber exposures
Captive insurance companies are increasingly being used to address emerging risks and to manage employee benefits, according to a report…
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Munich Re cuts profit targets after profits dive
Munich Re has reported a big drop in profits in the first quarter, forcing the reinsurer to downgrade its 2016…
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Willis international and wholesale revenues fall after merger
Willis Towers Watson, the insurance broking and consulting business formed by the merger of Willis and Towers Watson in January,…
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Zurich Q1 income slides but GC shows signs of improvement
Zurich Insurance Group has reported a significant drop in first quarter profit, but the company’s corporate insurance unit is showing…
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Corporate Round-Up
Artex acquires Gibraltar insurance manager, Sciemus launches solar cover, Allianz provides hedge to wind farms, XL Catlin launches prospectus cover…
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Figures show Asian piracy in decline but no room for complaceny warns ReCAAP
Reported piracy and armed robbery attacks against Asian shipping plummeted in the first quarter of 2016 against the first quarter…
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AIG sells PICC P&C stake for $1.25bn as part of recovery plan
AIG virtually exits Hong Kong investment as further poor results ramp up pressure on board to accelerate recovery plan.
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SWISS RE. Insurers targeting frontier markets must be in it for the long haul: Swiss Re
Swiss Re has urged international insurers to make a long-term commitment to attractive emerging frontier markets in the Asia-Pacific region…