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
🐪 Middle East & North Africa Insurance News
Israeli insurtech Spott launches Pay-As-You-Sell insurance
Israeli insurance startup Spott announced the launch of its Pay-As-You-Sell liability insurance, allowing ecommerce sellers to pay insurance premiums
Insurance and financing becomes important in managing catastrophic risk for Egypt
Re/Insurance and other risk transfer and financing mechanisms will become increasingly important in managing catastrophic risk as countries transition to more climate-resilient
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
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
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
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Life insurance customer trust fell in 2026, particularly among Gen Z and financially vulnerable consumers, despite stable overall satisfaction
67% of US independent insurance agents use AI, while trust and innovation drive carrier partnerships and satisfaction diverges across P&C insurance lines
Hymans Robertson projects the UK state pension could reach £33,000 by 2050 under Labour's adjusted triple lock, reducing pension spending by up to 4.6%
Artificial intelligence is reshaping workforce management, changing the skills employers require and creating new responsibilities for human resources teams