Middle East and Africa
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QIC hit by $141m Covid losses
Company sees 2020 profits plummet
Africa Specialty Risks secures binder capacity from GIC and Peak Re
Plans expansion into political violence and terrorism, liability, construction, and parametric covers
Viewpoint: Covid highlights need for better management of uninsurable risk in Africa
The pandemic has exacerbated existing concerns about business continuity and resilience given the continent’s increasing reliance on technology, e-commerce and global supply chains
Viewpoint: Carriers must reassess relevance of cover from an African perspective
At a time when many international carriers are withdrawing from African markets, there are opportunities for those that can adapt their products to the new requirements of local markets
Viewpoint: Credit insurance support will be vital to Covid recovery in sub-Saharan Africa
To survive the second wave of infections, companies will need robust credit management controls, real-time insights into individual customers and protection against non-payment
Focus: Local knowledge and international expertise are critical to complex loss management in Africa
In an increasingly interconnected global risk environment, major complex losses need the global expertise that comes from constant exposure to their very specific needs
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