Role of Insurance in Strengthening Africa’s Social and Economic Resilience
Insurance is a safety net and a resilience-building mechanism. As African countries face growing threats from climate change, natural disasters, pandemics and political instability, we need to rethink the role of insurance. This reflects the industry’s commitment to staying current with developments across Africa. We are not only talking about payouts after tragedy but also […]
Top 6 ESG Reporting Practices for Driving Sustainable Insurance in Africa
Resilient insurance providers in Africa rely on transparency and accountability as foundational principles. ESG reporting has become essential for insurance companies operating within Africa’s fast-evolving financial landscape. Through their actions, companies demonstrate reliability while drawing sustainable investment to African insurance markets and following emerging ESG regulatory requirements. African insurers who incorporate ESG principles into their […]
Driving SDG Impact Through Insurance in Africa
With the shifting global climate, insurance is no longer just about transferring risk. It is about changing how we respond to risk altogether.In Africa, where development goals must be pursued in the face of increasing climate vulnerability, there is a need for the insurance sector to be part of the solution in building stronger communities, […]
More than 250 insurance professionals join the inaugural NDSI Summit
Accra, Ghana 3rd April 2025: More than 250 insurance industry leaders, regulators and policymakers gathered in Accra for the first Nairobi Declaration on Sustainable Insurance (NDSI) Summit, a landmark event focused on driving sustainable insurance solutions across the continent. In the course of three days, industry leaders, regulators and policymakers explored strategies to build resilience […]
Kenyan insurance players lead the way on support for UN sustainable development goals
Sanlam Kenya Plc and Minet Kenya have become the latest members of the country’s insurance industry to join the Nairobi Declaration on Sustainable Insurance (NDSI), an industry initiative to support the achievement of the UN Sustainable Development Goals (SDGs). Philip Lopokoiyit, Chair of NDSI and Group CEO of ICEA LION, said Kenya “leads the way in terms […]
Old Mutual and Prudential Africa join sustainable insurance initiative.
Old Mutual, South Africa’s oldest insurance company, has joined the Nairobi Declaration on Sustainable Insurance (NDSI), a membership organisation that seeks to incorporate environmental, social and governance principles in the core business of African insurers. Old Mutual was founded in 1845 and now employs over 30,0000 people with operations in 13 African countries including South […]
Prudential pens commitment that ups its contribution to climate action
Leading insurer Prudential plc has taken its climate action drive a notch higher by signing the Nairobi Declaration on Sustainable Insurance (NDSI). The NDSI is a collaborative effort by the insurance industry to provide broader solutions to the climate change challenge. The signing of the declaration continues Prudential’s journey of confronting climate change. The insurer […]
Democratising insurance in Africa
Opinion by: Elias Omondi It is a cruel irony that Africa – the continent arguably most exposed to the risks and ravages of a changing climate and economic uncertainty – is also the continent least protected by insurance instruments. African insurance penetration drives 3% of the continent’s GDP, a figure dwarfed by the global average of […]
Insurance industry to have a Final Sustainable Finance Roadmap before year-end
At a business breakfast last week, FSD Africa and the Financial Sector Conduct Authority issued a call to action to commit to the Nairobi Declaration on Sustainable Insurance as a first step toward creating a sustainable insurance industry and building resilience for the continent. The Financial Sector Conduct Authority (FSCA) plans to host stakeholder engagements […]
South African insurance stakeholders commit to sustainable insurance and building a resilient economy.
May 12th, 2023, JOHANNESBURG – South African insurance stakeholders have stressed the importance of all businesses across Africa in engaging with the net-zero ambitions, agreeing that by playing its role, the insurance industry will be critical in building a sustainable environment for the future. FSD Africa and the Financial Sector Conduct Authority (FSCA) held a […]
