East Africa
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Tanzanian insurance market set for major change to protect policyholders
The Tanzanian government is preparing a new insurance act that should come into force next year, spelling major change for…
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Tanzania promises much for investors and insurance market
East Africa stands on the brink of massive change and offers some unique opportunities for investors, both local and foreign,…
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Modern slavery risk high or extreme in eight out of ten SSA countries
More than 80% of Sub Saharan African countries have a high or extreme risk of slavery, including Kenya and Nigeria,…
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African oil and gas industry needs to consider change
The decline in the global oil price has led to a reduced level of activity across the African continent and…
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Reinsurers continue African success story despite challenging market conditions
Africa Re has reported underwriting profit and investment income up 8% and 13% respectively, amid challenges to meet top-line targets…
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Changing military dynamic may lead to heightened security threat
The Ugandan People’s Defence Force’s (UPDF) phased withdrawal of its 2,500 troops from the African Union Regional Task Force (AU–RTF),…
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Public education campaign to grow insurance numbers
Borrowing from neighbouring Kenya, Uganda’s insurance industry has rolled out public education to trigger growth in the number of insured…
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Formal risk management groups on rise across Africa
Namibia has a new risk management association, with the launch of the Institute of Risk Management South Africa’s (IRMSA) first…
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Company boards crucial in shift to risk-based supervision
Risk management is rising to the top of the boardroom agenda thanks in no small part to changing emphasis from…
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Customer-centricity key to success for developing insurance industry
For a service-oriented industry, insurance customers can feel that they are far too low on the list of considerations. Delegates…
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Violence flares across Africa
Renewed civil war is likely in north and central Mali and in South Sudan, while the US government has voiced…
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Crying out in the wilderness
Risk managers must continue to speak up at board level, even if it sometimes makes them unpopular – that is…
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Microinsurance figures across Africa surge
More than 61 million people in Africa are now covered by a microinsurance policy – a 63% increase in premium…
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Risk management and the bank crisis in Nigeria: the Skye Bank question
The recent takeover of Skye Bank by the Central Bank of Nigeria to protect depositors’ funds as the bank floundered…
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Nigerian insurers look to diversify beyond oil and gas
A lack of trade credit and a lack of product development are hampering business in Nigeria, according to a group…