Egypt: Inflation and currency problems to drag on insurance market growth in 2024

Published on February 6, 2024
Growth in the insurance market in Egypt is expected to slow in 2024, coinciding with many economic challenges and problems, in particular, inflation and the exchange rate, according to insurance
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Morocco: Parametric insurance pool pays out US$275m for Sep 2023 quake

February 6, 2024
A parametric insurance pool brokered by Gallagher Re has paid compensation of $275m to Morocco's Solidarity Fund against Catastrophic Events (FSEC), relating to the September 2023 M6.8 Al Haouz

Kin raises $15m in financing from new investor, Activate Capital

February 6, 2024
Kin, the digital, direct-to-consumer home insurance organisation, has announced the closing of $15 million in financing from new investor Activate Capital, a growth-stage VC firm that is heavily focused on the sustainable, resilient transformation of the global economy.Kin noted that the investment was made at an increased valuation “greater than $1 billion.”This staggering amount comes during a t