West Africa
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Insurers in Cima face tough times in meeting new regulatory requirements
Ivory Coast is part of the Conférence Interafricaine des Marchés d’Assurances (Cima) insurance grouping. Earlier this year, Cima set out…
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Major BI claim in Ghana could be the excuse to turn the market
A major claim related to a leak at an oil installation in Ghana is set to send shockwaves through the…
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Reinsurance solution to regulatory changes promises sustainability
Using reinsurance to free up capital to meet insurance regulator demands for increased capitalisation is likely to become a useful…
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AfDB promises $10bn funding to Nigeria
Up to $10bn of investment by 2019 could be made by the African Development Bank to Nigeria, after the bank’s…
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West Africa: Will $50 oil optimism drive sector?
The global slump in oil prices has had negative effects on oil producers, including those in west Africa where Nigeria,…
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Africa’s reinsurers bullish about the future of $8.3bn market
The continent’s reinsurance markets are expected to benefit from strong underlying growth, driven by an expansion of its primary markets…
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And the award goes to…
Earlier this year, the Risk Managers Association of Nigeria (Riman) launched the first locally-based exams for risk managers – building…
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Maintaining sustainable businesses critical in building customer trust
The customer is king was the overriding message from the 21st African Reinsurance Forum, held in Dakar by the African…
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Technology making the difference
Many African reinsurers see technology as the way to open up previously untapped insurance markets across Africa.
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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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Rail and roads: Growth amid challenges
The infrastructure landscape across west Africa could be about to change dramatically if several major projects are brought to fruition.…
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Terrorist attacks on the rise across African continent
The number of militant Islamist attacks in Africa rose dramatically between 2009 and 2015, according to new research released by…
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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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Planning reduces kidnap cost
The total number of kidnaps for ransom during 2016 in the Gulf of Guinea has already surpassed the total number…
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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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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…