When Geopolitics Hits Global Trade Arteries The latest military escalation in the Middle East has begun to ripple through one of the most critical yet often overlooked pillars of global commerce: marine insurance. Following U.S. and Israeli strikes on targets inside Iran — and subsequent retaliatory missile exchanges across multiple countries in the region — […]

In a significant development for emerging market finance, MSIG USA and Mitsui Sumitomo Insurance Company (MSI Japan), collectively referred to as MSIG, have joined a new $6 billion insurance-backed credit facility with the International Finance Corporation (IFC), a member of the World Bank Group. The program represents one of the largest credit insurance arrangements ever […]

South Africa’s largest short-term insurer, Santam, has secured regulatory approval to establish a reinsurance branch office at Gujarat International Finance Tec-City — widely known as GIFT City — marking a significant step in the company’s international expansion strategy. The development signals more than geographic diversification. It reflects the growing importance of India’s International Financial Services […]

Malaysia’s small and medium enterprises (SMEs) form the backbone of the national economy, contributing nearly 40% of gross domestic product and employing almost half of the country’s workforce. Against this backdrop, Allianz General Insurance Company (Malaysia) Berhad has unveiled a targeted initiative aimed at strengthening financial resilience among SMEs and enhancing protection for foreign workers. […]

When a nationalised bank in Maharashtra sold a life insurance policy to a 90-year-old man with an annual premium of ₹2 lakh and a maturity year of 2124 it sounded implausible. It was not. The case surfaced in supervisory channels and drew the attention of the Reserve Bank of India (RBI), which in its February […]

Artificial intelligence has officially crossed a new threshold. For the first time, an AI system specifically AI voice agents can be insured against operational risk in a manner comparable to human employees. ElevenLabs, the fast-growing AI audio research and product company, has launched a new insurance policy designed specifically to cover the actions of AI […]

For years, insurance penetration in Kenya has languished at persistently low levels, hovering between 2.3% and 2.6% as of mid-2023—a figure that remains significantly below the global average of approximately 7% and reflects the broader challenges facing insurance markets throughout developing economies. This substantial gap between Kenya’s insurance uptake and international benchmarks highlights profound structural […]

Kenya’s Insurance Regulatory Authority (IRA) has officially approved the transfer of Sanlam General Insurance Limited’s general insurance portfolio valued at KSh 820.6 million to Jubilee Allianz General Insurance (K) Limited. The transaction marks a pivotal step in the completion of the SanlamAllianz Africa integration, uniting the general insurance operations of Sanlam and Allianz under a […]

The announcement that Wafa Assurance, one of Morocco’s largest insurers, is seeking to acquire Delta Insurance of Egypt in a deal worth approximately US$317 million has sent ripples across Africa’s insurance landscape. While the transaction is centered in North Africa, the COMESA Competition Commission has stepped in to review its impact across member states, sparking […]

Mastercard has struck a partnership with Hillcroft (mTek) to integrate embedded insurance solutions into its consumer and SME card products in East Africa. According to a press release from Mastercard, the collaboration will embed insurance cover into everyday payment flows, enabling seamless access to protection. Under this model, users making transactions will be offered tailored […]