Fitch Ratings believes that reinsurers have absorbed significant coronavirus-related losses. According to the rating agency, the overall combined ratio of the reinsurance market increased by 10.4 points during H1 2020 and was set at 101.8% compared to 91.4% in 2019. Such deterioration is closely linked to business interruptions and cancellation of events caused by Covid-19. Damages […]
The Executive Committee of the African Insurance Organisation has cancelled the 47th Conference and Annual General Assembly of the AIO which was initially scheduled to hold in Lagos, Nigeria from May 31 to June 3, 2020.
We are pleased to announce to you the launching of the 1st edition of The Africa Insurance Pulse 2020 « The digitization of Africa?”s insurance markets », on October 1st, 2020. FULL PRESS RELEASE ? press-release-eng
The health crisis has left insurers in an unprecedented situation. The latter must, in the coming months, take into consideration new risks with planes grounded and with increasing freight operations. Aircrafts grounded and airports overstretched Covid-19 appeared when airport aircraft parking lots were already overwhelmed by the immobilization of hundreds of Boeing 737 MAX aircrafts […]
