African Risk Capacity (ARC) has launched Africa's first sovereign parametric flood insurance policy, marking a major innovation in climate risk financing and strengthening African countries' capacity to respond to the growing impacts of climate change.
Abidjan-headquartered insurance and banking group, NSIA Group, has received approval from the Regional Insurance Control Commission (CRCA) for the establishment of Manzi Re, its new captive reinsurance company.
Continental Reinsurance's (Nigeria) [CRe Nigeria] underwriting performance in 2025 and beyond is expected to trend in line with recent years, supported by stricter underwriting guidelines and more controlled business growth, according to AM Best.
Total premiums generated in the insurance market of the Democratic Republic of the Congo (DRC) reached $377.89m in 2024, up by 16.17% compared to 2023, according to the Insurance Regulatory and Control Authority (ARCA).
The African property reinsurance market was clearly transitioning into a softer phase at the 1 January 2026 renewal season, particularly for programmes with strong historical performance and robust exposure data, Gallagher Re has noted.
Insurance brokerage, Dayo Group, has established a subsidiary in Cote d'Ivoire, strengthening its presence in West Africa.
African reinsurer Continental Reinsurance Holdings has relocated to Botswana from Mauritius, the company has announced.
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.