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 […]
Hatem Amira was appointed Executive Director of the Tunisian Federation of Insurance Companies (FTUSA), effective April 2020. A graduate of the Faculty of Juridical and Political Sciences of Tunis, H. Amira began his career in 1993 as head of department at COMAR Assurances and HAYETT. In 2006, he joined Assurances BIAT where he held the […]
The results for the first half of 2018 show a 10.83% increase in gross written premiums of the African Reinsurance leader, Africa Re, which rose from 372.35 million USD in June 2017 to 412.68 million USD in June 2018. The good renewal of South African reinsurance treaties associated with the various increases in participation in […]
Data collected by Association of Kenya Insurers shows that local Marine Cargo Insurance premium has grown by 57% in the first quarter of 2017. Premiums collected hit Ksh550million compared to Ksh350million during the same period last year. Eighteen marine cargo insurance underwriters recorded premiums of Ksh10 million and above. The highest was Kshs70.97 million. The […]
The Insurance Institute of South Africa welcomes the recent appointment of Viviene Pearson to the Board. We look forward to Viviene contributing to the success of the IISA through her industry knowledge, experience and networks. Viviene has been the Chief Executive Officer of the South African Insurance Association (SAIA) since January 2016. She joined the […]
Karim Diarassouba has been appointed General Manager of the Reinsurance Company of the Member States of the Inter-African Conference of Insurance Markets (CICA-Re).Mr. Diarassouba of Ivorian nationality, served as his country?”s Director of insurance for eight years.The new General Manager who will be based in Lomé, Togo, will take office on 2 January 2021.He takes […]
