The African Reinsurance Corporation (Africa Re) has posted a 32.5% jump in net profit to $22.5m for the first three months of 2025, compared to $16.9m achieved in 1Q2024, according to a statement released by Africa's biggest reinsurer.
Addressing sovereign debt is crucial to building a vibrant and resilient insurance industry in Africa, the governor of the National Bank of Ethiopia (NBE), Mr Mamo Mihretu, has said.
Multi-stakeholder collaboration, particularly with the (re)insurance sector, plays a vital role as a key enabler in driving the massive infrastructure investment needed to support Africa's economic transformation, social inclusion and climate resilience, according to a new report.
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral insurer and member of the Islamic Development Bank (IsDB) Group, has renewed a reinsurance treaty arrangement with the Compagnie Algérienne d'Assurance et de Garantie des Exportations (CAGEX) for the 2025 underwriting year.
African Reinsurance Corporation, the continent's leading reinsurer, has won the prestigious "Pan African Champion" Award at the 2025 Africa CEO Forum.
GenAI could unlock around $2.1-3.2bn in economic value for African insurers, with opportunities across the value chain, according to an estimate by the global management consultancy McKinsey & Company.
ETG Insurance & Risk Solutions (EIRS) and eMRGent Risk Solutions have formed a strategic partnership aimed at delivering financial lines insurance solutions throughout Africa.
Hollard International (HINT), Johannesburg-headquartered Hollard Group Insurance's international business, has taken a bold step forward in its Africa growth strategy with the successful completion of two major acquisitions -- one of Global Alliance Seguros in Mozambique and the other of Absa Life Botswana.
The microinsurance market needs four to five years to achieve the desired results and generate profits, according to Africa Regional Coordinator of the Microinsurance Network, Ms Karimi Nthiga.
Pan-African insurance group, SUNU Group, and the international microfinance group Advans have announced that SUNU Assurances Vie Cameroun has acquired a stake in Advans Cameroun.