2025 Outlook: The state of the African insurance market
Rupert Weterings, Group Commercial Director at Olea Group, which operates in 38 African countries, described…
“This investment marks an exciting milestone as we continue to define a new category of insurance. It’s a strong vote of confidence from both our existing shareholders and our new investor, BlueOrchard. Their support validates the success of our business model and highlights the significant progress…
Rupert Weterings, Group Commercial Director at Olea Group, which operates in 38 African countries, described…
“Joining Gage feels like a natural progression for me. I’ve known and respected the company and the team…
“Liability risks are significant. The hard costs involved, as well as the extensive reputational damage…
“Since appointing John as CEO in 2018, he has made a tremendous contribution to Lloyd’s. Today we see…
As the year moves into its twilight months, 2025 begins to loom over us, and the insurance industry is no exception. Driven by evolving customer needs, technological advances, and regulatory shifts, the upcoming year is set for some shaking up.
Assupol understands that the introduction of the two-pot system can be overwhelming and that is why they…
"Business Interruption cover should be integrated into a holistic approach to protect the business, recognising…
"We invest heavily in culture, talent development and creating an effective workforce. Our culture is a key differentiator that helps us attract and retain talent. I would describe it as inclusive, diverse, safe, caring, supportive, fun and client centric. We want our staff to feel inspired, appreciated…
"A good leader should set a vision for people, so that the employees feel part of something bigger than…
"I first joined Standard Bank in 1995 and have since then held several executive positions including…
A career in insurance is probably the best-kept secret. I started my career in 1998 in a postroom in…
"I feel very fortunate to have had the opportunity to work in a diverse range of roles over the last…
"Many people hesitate to consider life insurance, assuming it’s an expensive commitment. The truth is, life cover can be surprisingly affordable, especially if you secure it at a younger age when premiums tend to be lower for the same amount of cover," says BrightRock.
"There is so much jargon surrounding the industry, from waiting periods, penalties, exclusions, limitations…
“Medical expenses can quickly escalate beyond what standard medical aid covers. This is where gap cover…
"I am deeply honoured to receive the SARA President's Award. This moment is not just a personal achievement,…
“Getting ahead of the possibility of the disease is always the best option. And I would advise regular…
"Locally, 2023 had been a year of record load shedding, and many did not expect us to avoid the spectre of a grid collapse during this past winter. Yet, at the end of December 2024, we surpassed 250 days without load shedding," says Anet Ahern, Chief Executive Officer at PSG Asset Management.
"Both TFSAs and RAs are open to all individuals. For TFSAs there are no age restrictions for making…
One of the obvious challenges in the market is that the investment universe on the JSE has been shrinking…
"Donald Trump’s return to the US presidency marks a renewed focus on his distinct economic policies,…
“Electricity volumes are expected to rise by 2% annually, reversing decades of stagnation, while costs…
“One record-breaking high after another - the consequences are devastating. The destructive forces of climate change are becoming increasingly evident, as backed up by science. Societies need to prepare for more severe weather catastrophes," commented Thomas Blunck, Member of the Board of Management,…
"Much of this increasing loss burden results from value concentration in urban areas, economic growth,…
"Enhancing the overall resilience of the Group has been a key priority for the management team. With…
"We may face many challenges in South Africa, but I firmly believe partnering with expert financial advisers can be powerful in unlocking our collective potential. My vision is to see financial literacy transform from an individual necessity into a national strength, empowering every citizen to build…
“We can expect to see more change in education in 2025. Access to wider educational opportunities both…
“It’s important to remember that education is one of the best investments you can make in your child’s…
"Our collaboration with Visa reflects our shared values and a commitment to fostering financial inclusion, particularly in underserved markets. We are passionate about providing our customers with more value, choice, and security, ensuring they have the financial tools to achieve their aspirations,”…
“As you prepare for the exciting New Year, remember that your goals, ambitions, and resolutions present…
Tshiamo Molanda, Head of Youth and Mass Market Clients at Standard Bank, encourages students and parents…
"As businesses navigate an increasingly complex risk landscape, it is essential to broaden the focus beyond economic risks. 2024 is on track to be the warmest year on record, and so the escalating impacts of climate change must not be ignored.," says Peter Giger, Group Chief Risk Officer, Zurich Insurance…
"Our nine-month results confirm the continued strong momentum across all of Zurich’s businesses. In P&C,…
"As I move forward as CEO, I intend to place a firm focus on developing and driving our growth strategy,…
"The insurance industry is one such industry where we have seen organisations rapidly adapt to meet changing…
“The majority of leaders are aware of the advantages that AI can bring, especially when it comes to managing…
In their 2025 outlook, Ninety One’s Peter Kent, Co-Head of Emerging Market Fixed Income, and Archie Hart, Co-Portfolio Manager, Emerging Markets Equities, discuss Trump, China, geopolitics, the US dollar, India, and opportunities across the asset class.
"Several factors have caused the global energy landscape to shift dramatically in recent years—with the…
"The sentiment in global financial markets has been notably more favourable towards South Africa since…
"As at 30 June 2024, the FSCA has said it had approved a further 63 licence applications, bringing the number of licensed CASPs in South Africa to 138. The total number of applications received to date is 383, of which five have been declined," announced the Financial Services Conduct Authority (FSCA).
"While aggregate systemic risk scores increased slightly at year-end 2023, the interim GME analysis found…
“Comments received in response to the 2023 public consultation helped enhance the ICS design, which is now almost…
"South Africa's legislative landscape is marked by conflicts and inconsistencies that can hinder effective governance and the successful implementation of public-private partnerships. Addressing these issues requires a concerted effort to harmonise legislation, improve clarity in regulatory frameworks,…
"Regular check-ins after a withdrawal are essential. These conversations allow us to continuously update…
"Living longer should be celebrated, but it also requires us to approach retirement planning differently.…
Municipal infrastructure in South Africa is under significant strain, as the country continues to face the dual challenge of ageing systems and a growing population, leaving local governments grappling with essential service delivery, especially in water, energy, and sanitation. While the outlook remains…
"Rather than attempting to be 'everything to everyone', successful managers focus on presenting a targeted…
"Treasury highlights elevated fiscal risks, including potentially lower revenue growth from economic…
"In gas markets, Iran is a significant producer, but it is not major exporter of gas. Unlike the oil market, there is little or no spare capacity in global gas markets right now. The big players in the region are Qatar and the UAE whose combined exports comprise around 20% of global liquified natural…
"In gas markets, Iran is a significant producer, but it is not major exporter of gas. Unlike the oil…
"The escalation of the Middle East conflict, now involving fighting against Hezbollah in Southern Lebanon,…
"The escalation of the Middle East conflict, now involving fighting against Hezbollah in Southern Lebanon,…
"Interest rate risk and high breakeven levels combined with concerns that crop and livestock prices could…
Insurance Biz is a New Africa Busines News Services (NABNS) publication launched in 2013 to focus on the insurance industry, investments, financial planning, employee benefits etc. It remains a great resource of news for industry professionals, and for those who seek to learn about the financial sector developments.
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