Egypt starts Eid al-Adha medical insurance and emergency plan across
Egypt launched a nationwide Eid al-Adha medical plan, adding hospital readiness, ambulances, blood stocks, mobile clinics, and emergency monitoring
🇿🇦 Africa Insurance News
Latest insurance news from African insurers and regulators. Explore auto, home, life, P&C, pet and health insurance, including insurance rates, insights, trends, and breaking insurance news from Africa countries.
Ethiopia opens insurance market to foreign investors under draft law
Ethiopia plans to allow foreign insurers for the first time in decades, aiming to boost competition, capital, and coverage
Digital insurance growth in Africa meets reinsurance capacity gap
Digital insurance expands across Africa and the Middle East, yet weak reinsurance capacity and rising motor losses raise pressure on sustainability
Kulipa raises $6.2 mn to scale stablecoin card issuing infrastructure
Paris-based Kulipa raised $6.2mn in seed funding to expand stablecoin-funded card issuing across regulated markets in Europe, Africa and the US
Santam Syndicate 1918 hires Nigel Tatlock to lead property buildout
Santam Syndicate 1918 appointed Nigel Tatlock as Head of Property as it expands its Lloyd’s platform and builds out global property underwriting
Italian startup Intuos raises €720 k to digitise general aviation fleets
Italian startup Intuos secures €720k to expand fleet management platform into the US after Europe growth and South Africa distribution deal
Congo unrest drives political violence insurance premiums up to 10x
Political violence insurance premiums in DR Congo surged up to tenfold after eastern unrest, boosting insurers while raising costs for mining operators
Cargo theft shifts online as insurers warn of rising digital freight fraud
IUMI and TAPA EMEA warn cargo crime is surging worldwide, with digital fraud replacing physical theft as losses reach billions across supply chains
🇳🇵Nepal arrests Everest rescue officials over $20 mn insurance fraud
Nepal detains six rescue agency officials accused of staging helicopter evacuations near Mount Everest to extract nearly $20 mn from global insurers
In 🇿🇼 Zimbabwe, funeral insurance outpaces health cover as care costs soar
With healthcare unaffordable for most Zimbabweans, funeral insurance has become the dominant financial product, reflecting deep cultural priorities and systemic collapse
Health and Safety tops global D&O risk rankings as climate and AI concerns fade
Health and safety is the leading risk for directors and officers worldwide for a second year running, according to the Global D&O Survey
Santam launches Lloyd’s policy administration system with Alchemy and Buckhill
Santam, Alchemy Technology Services, and Buckhill delivered a new Lloyd’s PAS for Syndicate 1918 in under three months, replacing legacy systems with a cloud-based, ecosystem-led model.
Africa Specialty Risks renews Baobab Lloyd’s Consortium, lifts capacity to $26 mn
Africa Specialty Risks renews the Baobab Consortium at Lloyd’s, increasing per-risk capacity to $26 mn for Africa and Middle East exposures
La Niña returns, driving floods, snowstorms, and rising global losses
A renewed La Niña is fueling floods in Asia, early US snowstorms, and mounting economic losses, with insurers and commodity markets bracing for impact
Insurtech Neutrinos unveils venture studio and global “Reimagining Risk” challenge
Neutrinos launches a venture studio and a global risk-focused startup challenge to speed AI-native innovation for insurers and financial institutions
ASR launches digital cyber insurance cover with $5 mn limits for African businesses
Africa Specialty Risks rolls out a Lloyd’s-backed cyber policy via ASR 24-7, offering digital quote-and-bind access for companies across key African markets
Africa Specialty Risks launches Lloyd’s Syndicate 2454 to expand underwriting in South Africa
Africa Specialty Risks opens Lloyd’s Syndicate 2454 to write local South African risks, deepen specialty capacity and expand on-the-ground underwriting
FSD Africa sets up $30 mn 3iF fund to back early African insurtech startups
FSD Africa launches a $30 mn Inclusive Insurtech Fund to boost early-stage African insurtech, expand access and spur climate, health and financial inclusion
AXA partners with Old Mutual and EHS to expand international health cover in Africa
AXA teams with Old Mutual Kenya and EHS to grow East Africa’s IPMI market through local underwriting, exclusive distribution and portfolio transfers
Hurricane Melissa causes up to $4.2 bn insured losses in Jamaica
Verisk estimates Jamaica’s insured losses from Hurricane Melissa at $2.2–$4.2 bn, with near-total building destruction in landfall zones
Avatar MGA launches with Lloyd’s & FCA approval, backed by Santam and Lloyd’s syndicates
Avatar MGA, a managing general agent specialising in US direct and facultative (D&F) property insurance, has secured approval as a Lloyd’s coverholder and from the UK
Insurer Santam received approval from Lloyd’s to establish Syndicate 1918
South Africa-based Santam has received in-principle approval from Lloyd’s to establish a London-based syndicate, part of its strategy to expand international operations
EMEA insurers maintain strong capital positions and buffers
Insurers based in Europe, the Middle East, and Africa (EMEA) maintain strong capital positions and buffers, enabling them to absorb external shocks effectively
Bayer and Insurtech Pula plan to insure 10 million farmers in Africa
Bayer Foundation and insurtech Pula plan to insure 10 million smallholder farmers in Africa by 2030. This initiative protects farmers from climate risks
Insurtech Naked sequred $38 mn to drive insurance transformation in South Africa
Naked, a South African insurtech firm, has raised $38 mn in its Series B2 funding round. This represents the largest insurtech investment in Africa
Africa Specialty Risks launched Africa Specialty Risks Mauritius as a Lloyd’s company
Africa Specialty Risks (ASR), a prominent (re)insurance group targeting Africa and the Middle East, has launched Africa Specialty Risks Mauritius as a Lloyd’s service company
ASIC orders compliance overhaul for Sanlam’s Australian unit over licensing breaches
The Australian arm of South African financial services conglomerate Sanlam Group will need to have its compliance processes reviewed by an independent expert
Africa Specialty Risks expands Lloyd’s reinsurance market access for Africa
Africa Specialty Risks (ASR) announced that its United Kingdom-based unit, Africa Specialty Risks Ltd., now operates as a Lloyd’s service company
Climate insurtech IBISA raised €2.8 mn led by ARAF and Equator
Luxembourg-based climate insurtech IBISA Network has raised a €2.8 mn funding led by The Acumen Resilient Agriculture Fund (ARAF) and Equator
Appian integrated with Swiss Re’s automated life insurance underwriting in EMEA
Appian, in collaboration with Swiss Re, announced the expansion of the Connected Underwriting Life Workbench to select countries in Asia Pacific, Europe, the Middle East
Agri-insurtech Pula sequred $20 mn Series B led by BlueOrchard
Kenyan agricultural insurtech Pula has sequred $20 mn Series B funding round, led by BlueOrchard, to help thousands of smallholder farmers
Insurtech mTek raised $1.25 mn to boost expansion in African markets
Kenyan Insurtech mTek has sequred $1.25 mn in funding to boost its expansion efforts within the Kenyan and East African insurance markets
Chris Mackinnon becomes Lloyd’s regional director for Asia Pacific Middle East & Africa
Chris Mackinnon, with over three decades of experience in the insurance industry, is poised to become Lloyd’s Regional Director for Asia Pacific, Middle East, and Africa
Aon announced an increase crop insurance capacity across Africa
Aon announced a collaboration with the African Development Bank (AfDB) and Amini, a leading innovator in space technology and artificial intelligence
Verisk Maplecroft launched a predictive strikes & riots data model
Verisk Maplecroft, the risk intelligence business arm of Verisk, has launched a new predictive strikes, riots, and civil commotion (SRCC) data model
Insurtech Husmus sequred funding from Google and Innovate UK
Insurtech Husmus has raised $151K in funding from Google and British governmental agency Innovate UK
African Risk Capacity Group launches a parametric insurance for Africa
The African Risk Capacity (ARC) Group is launching a new insurance mechanism for African countries to cope with the devastating effects of flooding
Insurtech Kirontech tackles fraud & waste in medtech & scaling strategy
Medtech and insurtech company Kirontech, has announced the launch of its growth capital fundraise to help accelerate its goal of fixing the $1.2 bn problem
South African insurtech Naked Insurance raised $17 mn in Series B funding led by IFC
South African insurtech Naked Insurance has raised $17 million in Series B funding led by the International Finance Corporation (IFC)
Nigeria launches a risk transfer scheme of parametric flood insurance
Flood risk capacity development for Nigeria within the underwriting community will be key in developing appropriate flood risk models and products
85 insurers in Africa pledge $14bn of cover to take up floods and tropical cyclones
A group of over 85 insurers in Africa have pledged to create a financing facility to provide $14 billion of cover to help protect 1.4 billion people
Allianz completes M&A a majority stake in insurance business Jubilee Holdings in East Africa
Allianz has announced that it has completed its transaction to acquire a majority stake in Jubilee Holdings Limited’s general insurance business in East Africa
Insurers distanced from EACOP, crude oil pipeline Uganda-Tanzania
A number of European insurers have ruled out underwriting a proposed crude oil pipeline linking Uganda’s oil fields with the Tanzanian port of Tanga
Kenya’s insurtech startup Lami hits $3.7mn in seed extension led by Harlem Capital
Kenya’s leading insurtech startups, Lami Technologies, has raised US$3.7mn in a seed extension round led by Harlem Capital – a VC that invests
Global estimated insured losses from natural catastrophes at $35 bn
Floods and storms drive global insured catastrophe losses of USD 38 billion in first half of 2022, Swiss Re Institute estimates
Non-insured losses on the Africa are close to 97%. Disaster Risk Financing
Only 3% of losses caused by drought, floods and tropical cyclones have been insured on the African continent
Insured losses from natural catastrophes estimated at $100bn
1H losses would be around 40% of the 10-year average of $11.1 billion for US seasonal catastrophes in that quarter.
How insurers can help to reduce climate change impact in Africa
Through analysis, underwriting, investment and advice, insurance sector of Africa is helping to understand the complexities of climate change
U.S. cyber insurance premiums rose nearly 11% in 2025 as policy volume jumped, but weaker pricing, higher losses, and AI-driven threats added fresh pressure
Finding affordable health insurance in California can be overwhelming. You’re faced with dozens of plan options, unfamiliar terms and questions about whether you qualify for subsidies through Covered California
Insurers enter 2026 with longer settlement cycles, rising volumes, and slow AI adoption, increasing costs and operational risk, AutoRek finds
Global insurance M&A stabilised, as insurers and brokers took a more strategic approach to acquisitions amid falling interest rates and a realignment of strategic priorities