Insurance
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Moves to bring back insurance to Somalia
A new drive has been launched to re-establish a functioning insurance sector in Somalia.
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A mandate for Africa
Building know-how and sharing information will be the key to success of the African insurance markets, according to Swiss Re.…
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New technology could drive new risk management techniques
Accumulations of liability risk have the potential to send shockwaves through the insurance industry and are one of the most…
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Rating the risk
Liz Booth heard representatives from credit rating agency AM Best speak at the recent African Insurance Organisation Reinsurance Forum in…
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Allianz expands footprint in Africa
Allianz has taken a further step in its growth strategy in Africa, launching operations in Kenya and making it the…
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Back to basics
Putting risk management at the heart of every business may seem an obvious message, particularly when addressing risk managers.
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Reputational risk tops list of concerns, risk managers warned
Risk managers have been warned that more information is not necessarily helping business. Broker Aon said: “The paradox of our…
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Fraud forces Kenya central bank to audit banking supervision department
The Central Bank of Kenya (CBK) will overhaul its banking supervision division after two mid-tier commercial banks were put under…
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Eastern European insurance industry eyes expansion into Africa
Africa is attracting plenty of attention from eastern Eur-ope alongside the more traditional trading partners, not least because of similarities…
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Sub-Saharan Africa faces slowest growth since 2009
As the world takes a deep breath and waits to see what will happen with China’s economy, many pundits have…
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Hijackings and road fatalities a major drag on African economies
Africa has a terrible track record where road safety is concerned. According to the World Health Organisation (WHO) reporting in…
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Malawi–country focus
New capital requirements are needed to shake up the insurance industry. Steve Mbogo reports.
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Mauritius–country focus
Not the right time to relax against piracy, Safety top of list for food sector risk management, Risk management boost…
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Time to put risk management at the heart of climate change preparedness
Risk management will become increasingly important in managing the consequences of climate change. The United Nations Environment Programme Finance Initiative’s…
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Honest companies facing major threat from corruption
Thirty-four per cent of African businesses are reporting losing out on deals to corrupt competitors, according to a new report…
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Cyber risk no longer an emerging risk but here to stay, risk managers believe
Cybercrime needs to rise yet further up the risk management agenda if businesses are to cope with the threat, according…
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B+ with a stable outlook
Africa country ratings are in limbo despite solid economic growth, reports Gareth Stokes from Standard & Poor’s recent one day…
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No AIG break-up says Hancock as insurer reports disappointing results
President and chief executive officer of AIG, Peter Hancock, rejected calls by activist investor Carl Icahn to break up the…
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Change underway at Zurich Global Corporate as it reports large Q3 loss
Large losses and reserving actions at Zurich Global Corporate have seen it slide into a third quarter loss. Despite pressures,…
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Battle continues for late claims payment damages in UK
In the latest twist in the battle to secure damages for late claims payment under UK law, London insurance market…