Regulators across the continent have displayed the propensity to enhance the operation and development of insurance and reinsurance business within their respective regions and the African insurance industry in general, notes Bahrain-headquartered Trust Re. In its report entitled ?SAnalysis and Focus on Reinsurance and Insurance-Continental Advancements?Africa??, Trust Re says that within the continent, regulators can […]
The African Insurance Organisation has begun the publication of a NEWSLETTER intended to provide members and other stakeholders with regular and relevant updates about the AIO and its activities. The AIO has added the newsletter to its existing communication outlets (website, twitter, facebook, LinkedIn and direct emails) The main goal of the newsletter is: ? To […]
The African Insurance Organisation, AIO, has a new President. Mrs. Delphine Traoré, Regional Chief Operating Officer Allianz Africa was appointed President of the Pan African Organisation at the end of its 46th Conference and General Assembly which held in Johannesburg, South Africa from the 8th ? 13th June, 2019. She takes over from Ms. Aretha […]
A bill aiming at simplifying the content of insurance policies has been submitted to the Namibian parliament by the Finance Minister. The project requires, among other things, that contracts, insurance certificates and all other relevant documents be written in plain and simple language. It also aims to minimize the conflicts between policyholders and insurers, disputes […]
The second edition of the AIO NEWSLETTER has been released. The main goal of the newsletter is: ? To raise awareness from current/future members about AIO and its role in the African insurance market ? To educate AIO?”s members and partners about the new direction of the Organisation and the expansion of its mandate ? To demonstrate the […]
AKI is in the process of implementing a system that will centralise motor insurance data to facilitate the detection of fraudulent claims and assist in the management of motor certificates. The Integrated Motor Insurance Data System (IMIDS) will promote best practice across the industry through use of standard formats for processing underwriting and claims information; […]
Indications have emerged that the Nigerian insurance director and mother, Mrs. Uju Ndubuisi Chukwu, who died during a Pan African conference in South Africa was killed in her hotel room at Emperor Palace Hotel, Johannesburg. This is coming following the autopsy report released by the Director-General of the Department of Health, Republic of South Africa, […]
Rajnikant (Rajni) Varia, past winner of the AIO Hall of Fame Award is the inaugural winner of the Vanguard Market Development Award, established by the International Insurance Society, IIS. Rajni Varia, who is the former Managing Director of Zep Re, won the African Insurance Organisation Hall of Fame Award in 2017 and was nominated for […]
Kenya is the main destination for South African insurers outside their borders. The ultimate paradox is that they prefer to invest in Kenya rather than in their own country. The high growth rate and the size of Kenya?”s population are attractive factors for South Africans. However, the regulatory burden, the political instability and the weak […]
Kenya Re?”s new subsidiary in Kampala will be operational by the end of 2019. The objective is to become one of the leaders on the Ugandan insurance market currently dominated by Uganda Re, Zep Re and Africa Re. Since Uganda, Tanzania and Ethiopia set up their own reinsurance company, Kenya Re is facing stiffer competition […]
