The East African insurance sector has demonstrated resilience and steady growth, driven by economic expansion, rising financial literacy and accelerated digital transformation. Regulatory reforms have also strengthened market stability and consumer confidence, according to a report by the global professional services firm Deloitte.
Sierra Leone has become the 51st member of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), marking a significant step in the Jeddah-headquartered insurer's expansion across Sub-Saharan Africa.
The African Trade and Investment Development Insurance (ATIDI), a pan-African multilateral development insurer, has officially published its Climate Change Policy.
The Insurance & Pensions Commission of Zimbabwe has called for the intensification of ongoing efforts to coordinate and harmonise insurance supervision frameworks in the African continent. Commissioner Dr Grace Muradzikwa said this is all the more important as the continent moves toward deeper economic integration under the African Continental Free Trade Area.
African Reinsurance Corporation (Africa Re) saw its gross written premiums rise by 11.05% year on year to $?976.17m in the third quarter of 2025 (Q32025). Under IFRS 17, gross reinsurance revenue increased by 6.93% to $932.67m (Q32024: $872.20m).
Jeddah-headquartered Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a multilateral Shariah-based insurer and member of the Islamic Development Bank Group, and African Export Import Bank (Afreximbank) have signed a memorandum of understanding (MoU) to strengthen cooperation in promoting trade and investment flows across Arab and African countries. The MoU was signed in Cairo, where Afreximbank has its head office.
Johannesburg-headquartered Risk Capacity (ARC) has unveiled its ARC Retakaful Waqf Facility (ARC ReTak), a non-profit, Shariah-compliant initiative expanding climate protection to underserved communities across Africa.
Marsh McLennan has appointed Mr Andrea Bono as CEO of Middle East and Africa, effective January 2026.
Macroeconomic volatility and political transitions continue to reshape insurance demand and capital strategy across Africa, according to Kearney, a leading management consulting firm.
African insurance markets are undergoing a wave of regulatory modernisation, according to Kearney, a leading management consulting firm.