African Risk Capacity (ARC) has confirmed the appointment of Mr David Maslo as its CEO. He originally led ARC as Interim CEO.
The size of the insurance market in Central Africa is about $1.1bn, with a penetration rate of no more than 0.7%, indicating the enormous potential for growth, especially with increasing urbanisation and infrastructure development, said the Insurers Federation of Egypt (IFE).
The Common Reinsurance Company of the Member States of the Inter-African Insurance Markets Conference (CICA-RE) and the West African Development Bank (BOAD) have signed a strategic partnership agreement, aimed at further integrating insurance and reinsurance mechanisms into the financing of development projects in the West African Economic and Monetary Union (UEMOA).
The Federation of African National Insurance Companies (FANAF) has adopted the Pan-African Pact for Insurance Inclusion, which includes the "Cotonou Appeal" which is a call for collaboration by stakeholders to promote access to insurance to those currently excluded from any coverage. The Pact also includes 23 resolutions for transforming insurance on the continent.
African Reinsurance Corporation (Africa Re) inaugurated its new corporate headquarters in Abuja last month, as part of a two-day series of commemorative events celebrating the 50th anniversary of its founding.
Private equity firm, Adenia Partners, has acquired a majority stake in Minet Group, one of Africa's largest independent insurance brokerage and risk advisory firms. The stake was acquired from Capitalworks.
Shareholders of Nairobi-headquartered Equity Group Holdings have approved an insurance expansion into Kenya and the Democratic Republic of Congo, at the Group's 22nd Annual General Meeting held last week.
Members of the Federation of African National Insurance Companies (FANAF) plan to adopt the "Pan-African Pact for Insurance Inclusion", a reference framework intended to mobilise stakeholders around shared objectives.
African insurance industry leaders have called for bold regulatory reforms and digital innovation to close the continent's insurance protection gap and unlock inclusive economic growth across the continent.
Data scarcity is a central constraint for Africa's insurance market development, according to the Africa Insurance Pulse 2026 , an annual flagship publication released by the African Insurance Organisation (AIO).