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 […]
FSD Africa Marks 10 Years Of Greening Financial Markets
“In a short space of time, we have strengthened and developed financial markets and tapped into capital by using new instruments such as green and gender bonds,” says Mr Mark Napier, CEO of FSD Africa. FSD Africa, a UK Aid funded specialist development agency, on 27th March celebrated a decade of strengthening financial markets across […]
FSD Africa Marks 10 Years Of Greening Financial Markets Across Africa
Key points These efforts have led to large-scale and long-term change, providing access to financial services to over 10.2 million people and addressing issues related to financial exclusion. FSD Africa, a UK aid-funded specialist development agency, today celebrated a decade of strengthening financial markets across Africa, growing economies, increasing incomes for vulnerable populations, and combatting […]
50% of the global economy is under threat from biodiversity loss
Human activity is destroying biodiversity faster than ever before. Almost 80% of threatened species are impacted by economic activity. The COP15 summit has started work towards a new global pact on nature protection. 5 key transformations can save the natural world and boost GDP by trillions of dollars. Whether you live in a city, a […]
Is nature-based investing ready for take-off in Africa?
Thousands of delegates gathered for the 2022 United Nations biodiversity conference (Cop15) in Montreal in December, tasked with finding a pathway to halt the alarming decline in global biodiversity. The negotiations eventually produced a landmark agreement to protect 30% of the Earth’s land and oceans by 2030, along with a host of other targets to reduce the […]
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