The African insurance market is experiencing significant transformation driven by various trends that present both opportunities and challenges.
The insurance market in Morocco posted a record first-half turnover of MAD32.4bn ($3.3bn), growing by 4.4% over the first six months of 2023, according to data from the Insurance and Social Welfare Supervisory Authority (ACAPS).
AM Best has revised its outlook on Taiwan's non-life insurance segment to 'Stable' from 'Negative', citing a recovery of capital strength among carriers in 2023 following sizeable COVID-19 pandemic-related losses in the previous year.
Tanzania's Commissioner of Insurance, Dr Baghayo Saqware, has highlighted the significant opportunities in the insurance sector arising from growing demand and favourable business conditions.
The AqabaConf2025, to be held jointly by the Jordan Insurance Federation (JIF) and the General Arab Insurance Federation (GAIF) is scheduled to take place between 11-14 May 2025.
Al Fujairah National Insurance (AFNIC) has launched the region's first insurance product exclusively covering accidental loss or damage from Flood, Inundation, Storm, and Tempest for motorists with third-party liability insurance coverage.
The revenue of the Algerian insurance sector increased to DZD89.8bn ($680m) in the first half of 2024, 7% higher compared to the first half of 2023, according to data released by the Algerian Union of Insurance and Reinsurance Companies (UAR).
With Australia's premium funding market now exceeding A$9bn ($6bn), there are opportunities to provide additional finance options and greater broker support, according to Oz Premium Finance founder and director Karl Kirsten. Oz Premium Finance is an insurance premium funding start-up.
Value creation in the insurance industry in the Asia Pacific expanded at a slower pace than in the Americas and EMEA in the last five years, according to a report by the Boston Consulting Group (BCG).
Direct insurance companies in Tunisia recorded a solid increase in their turnover at the end of the first half of 2024, according to figures published by the General Insurance Committee (CGA).