🐪 Middle East & North Africa Insurance News

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

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

ASR launches digital cyber cover with $5m limits for African businesses

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

Insurance protection gap in Europe: only 25% of natural catastrophes losses were insured Insurance protection gap in Europe

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.

Aon announced an increase crop insurance capacity across Africa

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

17 Employee Engagement Mistakes Hurting Performance and Retention

Employee engagement fails when managers create unclear goals, unfair workloads, weak feedback and no follow-through. Here is what leaders should fix

Why Insurers Are Still Struggling to Turn AI into Real Transformation

Global research with insurance leaders examines why AI investment often remains tied to existing processes and how insurers are redesigning operating models

Black Sea War Risk Expansion Raises Shipping Insurance Costs

JWC expanded its Black Sea Listed Area, increasing war risk exposure for ships and adding insurance costs across Ukrainian and regional routes

AI Agents Push Cyber Insurers to Rethink Policy Language

Cyber insurers are reviewing policy wording as autonomous AI agents create new questions over cyberattack definitions, liability and coverage triggers