February 27, 2024/Edelman By Emeka Akwiwu, Group Executive Director, Continental Reinsurance Plc In the world of insurance, there’s a powerful yet often unseen force that plays a pivotal role in securing consumers’ financial wellbeing: reinsurance. At its core, reinsurance is a safeguard for insurance companies, allowing them to share and […]
Insurance
Moody’s Affirms ICIEC Aa3 Insurance Financial Strength Rating (IFSR) with Stable Outlook for the 16th Consecutive Year
ICIEC’s profitability remained resilient in 2022, with a combined ratio of 37.3% and net income of Islamic Dinar 8.2 million, benefitting from enhanced business-coverage, reduced risk December 11, 2023/ICIEC Moody’s Investor Services (Moody’s) affirmed ICIEC’s Aa3 Insurance Financial Strength Rating (IFSR) with a stable outlook for the 16th consecutive year. […]
AfDB COP 28: AfDB’s $1 Billion Insurance Facility to Protect Millions of Farmers in Africa
“Over 97% of farmers in Africa do not have agricultural insurance. Their only insurance is to pray”— Adesina December 4, 2023/AfDB The African Development Bank Group has presented its planned $1 billion facility to provide insurance to more than 40 million farmers across the continent against severe impacts of climate […]
