The InsuResilience Solutions Fund (ISF) has signed a grant agreement to co-fund the development of a climate risk insurance solution to protect smallholder farmers in southern Malawi from climate-related hazards.
The Securities and Exchange Commission of Pakistan (SECP) yesterday proposed to increase the minimum paid-up capital requirement for insurance companies as part of its "Insured Pakistan" initiative.
AXA Life Insurance Egypt, a subsidiary of France's AXA Group, has signed a strategic partnership agreement with Post for Investment (PIF), the investment arm of Egypt Post, to establish a microinsurance company under the new Unified Insurance Law, regulations supporting which are being worked out by the authorities.
The Microinsurance Network (MiN), the leading global community dedicated to developing and promoting inclusive insurance, has formed a strategic partnership with the African Insurance Organisation (AIO).
Insurance clinics have been launched for market traders and artisans and other informa-sector workers in the Greater Accra Metropolitan Area (GAMA) to promote insurance inclusion and penetration.
The African insurance market is experiencing significant transformation driven by various trends that present both opportunities and challenges.
Significant protection gaps still exist in Malaysia, particularly among the vulnerable segments of the population, and a multi-faceted approach is critical to narrow them, with the insurance sector taking on greater ownership, according to Mr Adnan Zaylani Mohamad Zahid, deputy governor of Bank Negara Malaysia (BNM).
The Pradhan Mantri Jan Dhan Yojana (PMJDY), which on 28 August 2024 marked the 10th anniversary of its establishment, has been hailed as a great success in boosting financial inclusion.
Micro, small and medium enterprises (MSMEs) have called for measures to build confidence in the insurance sector to improve the low penetration rate in the sector.
The Insurance Federation of Egypt (IFE) says that interest in financial inclusion has become a matter of great importance to governmental organisations and financial institutions such as insurance companies and banks.