Africa
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JBA and Reinsurance Solutions to support African insurers for flood risk management
JBA Flood Risk Management and Reinsurance Solutions Intermediary Services (RSIS) is set to use the JBA global flood modelling capability…
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Africa Re posts profit of $23.7m in first half of 2021, despite pandemic
The African Reinsurance Corporation (Africa Re) has posted a net profit of $23.7m for the first six months of 2021,…
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Sasria asks South African government for aid
Sasria, South Africa’s main insurer for strikes, riots, terrorism and civil commotion, has asked the government for a financial bailout…
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African agriculture insurance set for boom
Kenya has unveiled a policy paper to boost uptake of agricultural underwriting in a country where the cover accounts for…
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African insurance markets must be ready for a post-Covid world
It is time for leaders to reset for future growth as African countries emerge from the pandemic, according to Belhassen…
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Risk managers need to ‘seize baton of change’
Charting and managing risk through uncertain times has never been more crucial than right now, as South Africa and the…
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African insurers set to benefit from AfCFTA
The African insurance sector is optimistic about the new African Continental Free Trade Area (AfCFTA) but wants to see regulatory…
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Will insurers support free trade in Africa?
As the Africa Continental Free Trade Area (AfCFTA) develops, the insurance market will need to evolve alongside it to ensure…
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African free-trade agreement set to accelerate long-term growth and boost exports
The African Continental Free Trade Area (AfCFTA) agreement has created opportunities for businesses but short-term challenges must be overcome, according…
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Intelligent AI wins ACORD insurtech award for commercial property solution
Intelligent AI, which uses 300 datasets from AI and satellites to create a digital risk twin for global property portfolios…
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Lloyd’s report aims to help corporates tackle shifting geopolitical risks
A new report from Lloyd’s has laid out key steps companies can take to help manage emerging geopolitical risks and…
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Swiss Re Corporate Solutions appoints CEO for South Africa
Terashni Pillay has been appointed as chief executive officer South Africa, Swiss Re Corporate Solutions, effective 1 November. She will…
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Kenyan regulator calls on insurers to be sympathetic to policyholders post-pandemic
Insurers have been urged by the Kenyan regulator to treat their customers fairly and sympathetically in the wake of the…
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Sasria registers 95% of riot claims
Following the unrest across South Africa in July, Sasria said it is dealing with all the claims registered – some…
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Afghan crisis raises concerns in South Africa
The Taliban’s rapid takeover of Afghanistan has raised global risk antennae on several fronts and South Africa would do well…
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Gavi covers Covid-19 vaccine non-payment with innovative risk transfer product
Covid-19 vaccine alliance Gavi has taken out cover to mitigate the risk of non-payment of vaccines by 21 governments around…
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ASR builds business in Mauritius
Africa Specialty Risks (ASR) has appointed Krishna Bheenick as its managing director in Mauritius. The pan-Africa-focused reinsurance group is also…
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Chlorpyrifos: a risk in waiting
In her book Silent Spring, one of the most important environmental works of the 20th century, Rachel Carson wrote: “A…
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Africa Specialty Risks launches Bermuda reinsurer
Africa Specialty Risks (ASR), the pan-African reinsurance group, has launched a licensed reinsurance entity in Bermuda. The fast-growing group will…
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New COO for Munich Re of Africa
Yolanda Skei has been named as the new chief operating officer (COO) of Munich Reinsurance Company of Africa (MRoA), effective…