Insurance News

South Africa: Regulations to Improve Customer Treatment in Insurance Sector


 | Source: ; All Africa

National Treasury and the Financial Services Board (FSB) have published regulations to improve customer experience in the insurance services sector.

Tanzania: Radical Changes Loom in Insurance Industry


 | Source: The Citizen; All Africa

The Tanzania Insurance Regulatory Authority (Tira) yesterday issued a new circular detailing sweeping changes in the insurance business in the country.

Ethiopia: Awash Unveils Insurance Policy to Cover Terrorism Loss


 | Source: Addis Fortune; All Africa

Losses and liabilities incur as a result of unrest and terrorist activities will be insured under the new policy.

Ethiopia: InsuResilience to Cope With Aftermath of Natural Disasters


 | Source: The Ethiopian Herald; All Africa

The global climate insurance initiative will help vulnerable and low-income communities to withstand and mitigate the impacts of natural disasters with Ethiopia introducing and implementing similar mechanism years before the initiative came to spotlight, said Ethiopia's Ministry of Environment, Forest and Climate Change.

Uganda: Insurers Introduce Reality Checks to Raise Awareness


 | Source: The Observer; All Africa

Uganda Insurers Association (UIA), the umbrella organization for all insurance companies, has intensified the drive to raise awareness on the need to insure vehicles.

Senegal : a parametric insurance product for the cotton sector created by FINACTU, CNASS and BOAD


 | Source: Ecofin Agency

In Senegal, FINACTU assists the National Agricultural Insurance Company of Senegal (CNAAS) in the creation and launching of a parametric insurance product for the cotton sector at the national level against climate risks, with the support of the West African Development Bank(BOAD).

Uganda: Expert Calls for Honesty in Insurance Business


 | Source: The Observer; All Africa

Stakeholders in the insurance sector should exercise a high level of integrity and honesty to ensure a steady and sustainable growth of the business, according to Saul Seremba, the CEO of the Insurance Institute of Uganda (IIU).

Angola: Creation of Import Insurance Is ARSEG's Priority


 | Source: AngolaPress; All Africa

The implementation of the legal tool on Import Insurance of Merchandise and the start-up of the National Reinsurance Company (AngoRe) are priorities of the Angolan Agency for Insurance Regulation and Supervision (ARSEG) this year.

Ethiopia: Agro-Pastoral Community to Benefit From Livestock Insurance


 | Source: Namibia Economist; All Africa

Nyala Insurance Company in collaboration with Omo Micro Finance and donors has launched indemnity based livestock insurance service in Southern Omo Zone.

Kenya: Insurers Pay Out Millions to Herders Affected By Drought


 | Source: Daily Nation; All Africa

The recent drought will see a consortium of insurers pay livestock farmers in semi-arid regions millions more after the initial payment in February.

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