The operating performance of Sierra Leone-headquartered WAICA Reinsurance Corporation (WAICA Re) is viewed as strong, considering it has reported robust return-on-equity (ROE) ratios in recent years, which have significantly exceeded the benchmark interest rates in the markets where it operates, says AM Best.
Irish Insurtech Blink Parametric and MAWDY, the global insurance, reinsurance and services company and part of the MAPFRE Group, continue their global rollout of real-time travel assistance InsurTech by reaching out to the network of ceding insurers reinsured by MAWDY across the Sub-Saharan region.
Driven by M&A activity, warranties and indemnities insurance for deals in Africa has grown significantly during the past decade, according to a report published by the international law firm, White & Case.
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral insurer and a member of the Islamic Development Bank (IsDB) Group, has announced that the Togolese Republic has officially joined ICIEC as the organisation's 50th member state.
The Gabonese Commercial Reinsurance Company (SCG-Re), a subsidiary of the Gabonese Strategic Investment Fund (FGIS), is expanding into East Africa, and to Tanzania in particular.
The protection gap in the agricultural sector in Africa has given rise to a new, innovative solution -- parametric insurance, says Mr JP Fabri, an economist and co-founder of the Malta-based advisory firm Seed Consultancy and MyUbuntu.
FBS Reinsurance Nigeria (FBS Re) has said that one of its functions is to combat capital flight in insurance and reinsurance businesses in the country and across Africa.
SUNU Group, a leading pan-African insurance and financial services group, has managed to have a Property and Casualty (P&C) company in 17 countries on the continent, says Mr Mohamed Bah, managing director of the group.
Out of 54 countries in Africa, 10 of them were big enough to receive a market ranking on Swiss Re Institute's 2023 World Insurance Report that was released earlier this month.
Angola is selling a stake in the country's largest insurer this year, as the oil-producing nation moves ahead with a privatisation programme to raise cash and diversify the economy, according to a Bloomberg report.