African legislators have been challenged to come up with legal frameworks for climate change to enable countries avoid catastrophes and reactionary emergencies that eat up their budgets.
frican Risk Capacity Insurance, the subsidiary of African Risk Capacity (ARC), a specialised agency of the African Union, says it is keen to help the continent hedge against disaster-induced risks without having to rely on foreign aid.
The Insurance Companies Committee of Mali (Ccam) has announced that the Automobile Guarantee Fund will be operational soon.
The insurance market in Burkina Faso is expected to rake in premiums totalling at least CFA92bn ($154.5m) this year and cross the CFA100bn ($168m) mark next year, according to Mr Serge Ramde of the Professional Association of Insurance Companies of Burkina Faso (APSAB).
Africa Re retains reinsurance business worth $800m a year in the continent or 28% of all reinsurance premiums going out of the continent, the reinsurer's group managing director Mr Corneille Karekezi has disclosed.
The European Investment Bank (EIB) has formally agreed to support membership expansion of the African Trade Insurance Agency (ATI) with a concessional financing facility to cover the shareholding of three prospective members -- Cameroon, Niger and Togo.
French online insurance broker Baloon has started to offer medical insurance, moving on from motor business.
Health insurance in Africa has experienced a boom in the last five years and consolidated into two distinct branches - insurers supporting comprehensive public schemes, on the one hand, and simple, complementary health products like hospital cash and health value-added services on the other, according to the "2018 Landscape of Microinsurance in Africa".
The Inter-African Conference on Insurance Markets (CIMA), the body in charge of insurance regulation in 14 French-speaking countries in sub-Saharan Africa, has introduced takaful in its insurance law.
The African Insurance Organisation (AIO) has drawn up a new strategic plan which redefines the strategic objectives of the body and specific actions to be taken to meet the goals.