Africa: Insurance industry warned of impact of inflation on profits and capital

Published on October 16, 2023
Underestimating inflation will impact the profitability of insurance entities in the short term in the current high-inflation environment, says Mr Tim Prince, director of analytics at AM Best in an
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India: Glacial lake outburst flood in Himalayas causes billions of dollars of losses

October 16, 2023
The total economic and insured losses arising from a glacial lake outburst flood (GLOF) on 4 October in India, which caused significant damage and the collapse of several hydroelectric dams, could

Africa Specialty Risks reinsurance unit receives 'Baa1' IFSR from Moody's

October 16, 2023
Africa Specialty Risks (ASR), the pan-African focused reinsurance group, has announced that Moody's Investors Service (Moody's) has assigned a 'Baa1' Long-Term Insurance Financial Strength Rating