Nigeria: RBC system expected to be introduced in 2024

Published on August 28, 2023
A risk-based capital framework is expected to be implemented in the insurance industry in 2024, under which lowly-capitalised insurance companies would face business restrictions.
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Dedicated reinsurance capital fluctuates amid volatile market dynamics

August 28, 2023
Total dedicated reinsurance capital in 2022 declined by 7% to $530bn, ending a decade-long upward trend, according to a new AM Best report.

South Africa: Riots and terrorism insurance market hardens

August 28, 2023
The riots, strikes and terrorism market in South Africa experienced the first hardening since its birth past 9/11 and continues to harden, says global insurance broker Aon in its "Insurance State of