Senegal: New minimum capital requirement increases pressure on small insurers

Published on August 14, 2023
The new requirement for insurance companies to increase their minimum capital to FCFA5bn ($8.4m) can put pressure on the profitability of companies, especially for those that are smaller or have
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South Africa: Energy crisis, Nat CATs and geopolitical tensions cloud property insurance sector

August 14, 2023
The insurance markets across Property and Casualty; Riot, Strikes and Terrorism; Motor; Cyber and Errors & Omissions (E&O) have been heavily impacted by three overarching local and global events,

Nigeria: Insurance sector mired in uncertainty as tenure deadline for CEOs draws closer

August 14, 2023
Over 90% of CEOs/MDs of insurance companies might be forced to quit their positions at the end of this year if the National Insurance Commission (NAICOM) was to enforce the Corporate Governance Code