emPLE Group, the insurance subsidiary of African conglomerate EverCorp Industries, has acquired 100% of Metropolitan Ghana from South Africa's Momentum Group, which leaves the Ghanaian market following the divestment.
Nippon Export and Investment Insurance (NEXI) has sealed its first-ever reinsurance agreement with an African export credit agency (ECA).
South Africans are highly satisfied with their life insurers, according to the 2024/25 Life Insurance Customer Experience (CE) Index report released by the University of Pretoria (UP).
The National Treasury has announced that it will undertake a pilot, along with municipalities, by the end of the third quarter of 2025, to determine the structure and pricing of potential insurance products to cover disaster risks.
Three key Nat CAT protection gaps persist in South Africa, which are insufficient infrastructure coverage, underinsurance of covered assets, and disputed claims, according to a joint paper by the International Bank for Reconstruction and Development / The World Bank and the International Association of Insurance Supervisors (IAIS).
Many young professionals under the age of 35 in South Africa prioritise investment savings over buying insurance, according to recent research by Liberty, a financial services provider in the Standard Bank Group. This leaves them vulnerable to adverse serious life events.
Santam, South Africa's largest short-term insurer, has been granted in-principle approval by Lloyd's to launch a syndicate based in London, which will accelerate the international growth and diversification goals of the Group.
A group of South African actuaries has published the first iteration of the Mortality and Morbidity Impact Assessment Framework, according to a statement released by the Actuarial Society of South Africa (ASSA).
An effective solution to mitigating the risks of natural disasters in South Africa is to establish a national Nat CAT insurance pool, according to the CEO of the non-life company PSG Insure, Mr Cedric Masondo.
Property risk excess of loss pricing has become very competitive in the South African market with quoted prices reducing on average by a risk-adjusted -7%, during the 1 July renewal season, according to broker Gallagher Re.