In the news today: Emerging markets to drive insurance growth rates, Saudi Re looks at growing in Egypt, and FinTech investment in Africa goes beyond retail payments and nano-credit

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Emerging markets, Africa included, to drive global insurance growth rates

Their insurance penetration rates may be low, emerging markets in Asia and Africa are catching up fast. Whether this trend holds, depends on the willingness of insurance companies to innovate, experts say.  READ MORE

Making millennials more financially literate with Artificial Intelligence

Akiba Digital, a South African FinTech company, aims to make youths more financially literate whilst proactively empowering and educating them about personal financial issues through a new AI platform.  READ MORE

Chubb’s profits recover in Q3 as reinsurance business shrinks

Chubb’s net profits soared in the third quarter of 2018, reaching $1.2 billion, compared with a net loss of $70 million in the same period last year when it was hit by multiple natural catastrophes.  READ MORE

Saudi Re looks to expand into the Egyptian market

Saudi Re for Cooperative Reinsurance Company (Saudi Re), one of the leading reinsurers in the Middle East and North Africa, wants to further extend its presence in Egypt.  READ MORE

FinTech investment in Africa goes beyond retail payments and nano-credit

More than 70% of FinTech venture funding in Africa last year has gone to retail payment and consumer credit startups, a new report shows.  READ MORE