News
Insurance industry faces growing execution gap in pricing transformation
4+ hour, 41+ min ago (889+ words) Despite growing investments in artificial intelligence and advanced analytics, insurers across Europe, the Middle East and Africa (EMEA) are finding it difficult to modernise their pricing systems, according to a recent industry insight by Earnix, a pricing and decisioning platform…...
Insurers face rising climate risk as 2025 losses hit $100bn
1+ mon, 2+ week ago (309+ words) The global insurance industry is confronting a new era of climate risk, with natural disasters causing $100 billion in insured losses in 2025, according to the World Economic Forum (WEF). The figure underscores the growing financial exposure insurers face, with the California…...
Global insurers brace for potential losses amid Gulf conflict
1+ mon, 2+ week ago (921+ words) Rising geopolitical tensions in the Middle East are drawing renewed attention to the insurance industry's exposure to marine risks, with analysts warning that prolonged instability could test parts of the global insurance market despite the sector's currently strong financial footing....
Linkage Assurance strengthened by ratings, sets "12. 3 billion rights offer
1+ mon, 3+ week ago (459+ words) Linkage Assurance Plc has received affirmation from global rating agency AM Best, which maintained the company's Financial Strength Rating at C++ (Marginal) and its Long-Term Issuer Credit Rating at "B+" (Marginal), with a stable outlook. The ratings reflect the insurer's…...
NAICOM rules out deadline shift as insurance recapitalisation clock ticks
4+ mon, 1+ day ago (1252+ words) Nigeria's insurance regulator has firmly shut the door on any possibility of extending the ongoing recapitalisation deadline, insisting that operators must align with the timelines stipulated in law or risk being edged out of the market. The National Insurance Commission…...
Experts spotlight systemic cyber risks shaping insurance in 2026
4+ mon, 5+ day ago (859+ words) Cyber risk is set to enter a more complex and systemic phase by 2026, as hidden digital interdependencies rather than isolated cyberattacks emerge as the dominant threat shaping losses across the insurance and reinsurance market. This outlook was highlighted in an…...
De-risking smallholder farm lending amid climate shocks in Africa
4+ mon, 5+ day ago (1116+ words) According to GSMA, climate change has heightened farmers" exposure to risks such as droughts, floods and irregular rainfall, deepening vulnerabilities within an already underserved segment of the financial system. As a result, many farmers remain excluded from formal financial services,…...