After 14 years in the Middle East and North Africa, Middle East Insurance Review launches the online Africa eWeekly Insurance News at the important 46th AIO Conference and Annual General Assembly being held in Johannesburg, South Africa.
We are proud to bring this to you in response to popular demand from our readers around the world and market leaders and bodies in Africa.
Today, Africa, with a population of 1.3bn in 54 countries and a combined GDP of $2.2trn, accounts for only 1.4% ($66.7bn) share of the global premiums. Hence, the potential is tremendous, especially since there is so much happening in Africa on all fronts, politics aside. The insurance industry has visionary leaders who are readily tapping into technology to reach the unbanked with e-wallets and getting more customer-centric, while regulators are stepping to ensure sustainability of the industry even as the region gets more exposed to Nat CATs, global warming and man-made disasters.
The AIO Conference takes place on 9–13 June 2019, and is organised by the Insurance Institute of South Africa (IISA). It has for its theme, “Insurance Penetration in Africa: Insuring the Uninsured”.
Participating insurance industry experts at the conference explore several topics related to progressing insurance take-up rates in Africa, highlighting growth opportunities and looking at what other African countries can learn from the South African market. In addition, African insurers that have employed innovation to increase penetration also will attend and share their experiences. Other issues to be discussed will include distribution, microinsurance and the effects of catastrophe events on the industry.
African Insurance Awards
Mr Sivam Subramaniam, Editor in Chief of Asia Insurance Review and Middle East Insurance Review is one of the judges for the African Insurance Awards organised by Africa Re. The awards ceremony takes place today in conjunction with the AIO Conference. The award categories are:
- Insurance Company of the Year
- CEO of the Year
- Innovation of the Year
- InsurTech Breakthrough.
The AIO, established in 1972, is a non-governmental organisation, and it is recognised by many African governments.
Our Africa eWeekly Insurance News will bring you a quick weekly summary of what is happening in the region every Monday to your desktop. Just sign up here. In the world insurance ecosystem, google analytics show that we are Number 1 in Asia and the Middle East respectively with Asia Insurance Review (29 years today in Asia) ,and Middle East Insurance Review (14 years to date in MENA).