Sanlam and MTN join forces to develop insurance technology in Africa
Sanlam and MTN Group announced Thursday, August 12, that they have entered into a strategic partnership to develop Insurtech in Africa. With this in...
Kenya: CIC Insurance Group Limited buoyed by a wind of recovery
CIC Insurance Group Plc, a Kenyan insurance group, recently published its financial results for the first half of 2021. After recording a net loss...
Nigeria: Nicon Insurance and Nigeria Re move into AMCON’s fold
The Asset Management Corporation of Nigerian (AMCON) announced on Tuesday July 27 that it had acquired Nicon Insurance Limited and the Nigeria Reinsurance Corporation...
Climate insurance: the African Risk Capacity Group (ARC) in Malawi and Sudan
Determined to offer its Member States innovative products against the risks of climate disasters, while taking their concerns into account, the African Risk Capacity...
Rating: Global Credit Rating downgrades CIC Insurance Group’s credit rating
South Africa's financial rating agency, Global Credit Rating (GCR), announced on Monday July 12 that it had lowered the credit profiles of the general...
South Africa: what hides record short-term insurance benefits in the face of Covid-19
The South African short-term insurance (STI) industry has made record profits during the pandemic and has no reason to further delay the settlement of...
Botswana Life launches its new subsidiary “Botswana Life Fiduciary Services”
The insurer Botswana is Botswana Life Insurance Limited (Botswana Life) announced on Tuesday July 6 that it had launched its new subsidiary called "Botswana...
Axa links its African activities to Asia
The African activities of the French multinational Axa are now attached to Asia. Indeed in its strategic plan "Driving Progress 2023", the world number...
Côte d’Ivoire: Cinetpay exchanges around 12 million USD per month in the payment of...
Set up for the rapid collection of insurance premiums and the payment of claims by mobile money and bank cards, the Cinetpay technological platform...
Côte d’Ivoire: insurance agreement between FIPME and Optimus
On Wednesday May 26, 2021 in Abidjan, an agreement was signed between the Ivorian Federation of Small and Medium Enterprises (FIPME) and the Ivorian...
Bpifrance and the Eastern and Southern African Trade and Development bank (TDB) Sign an...
Paris/ Nairobi, 23 June 2021 – Bpifrance and the Eastern and Southern African Trade and Development bank (TDB) announce the signing of a Memorandum...
Afrique du Sud: Absa Insurance Launches New Digital Insurance Product
Absa Insurance Company Ltd announced on Monday, June 21, that it had launched a new digital insurance product called "Activate by Absa". The new...
Exclusive: the SUNU Group announces the exit of Sanlam from its capital and the...
In the exclusive interview given to Financial Afrik in its issue 81, Pathé Dione, CEO of the SUNU Group, announces the conclusion of a...
Cameroun: ASAC recommends taking out compulsory insurance
Like the Inter-African Conference on Insurance Markets (CIMA) where the insurance penetration rate remains very low, covering barely 1.1% of inhabitants, insurance is struggling...