In the news today: Munich Re reveals natcat losses of US$1.4 billion in Africa for 2018, Uganda’s insurance sector outlook for 2019 is regarded as positive, and global institutional investors are likely to reduce their exposure to equities this year

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Natcat losses in Africa amounted to US$1.4 billion in 2018

Munich Re says that almost none of the US$1.4 billion natcat losses incurred in Africa in 2018 were insured. Although there were few natcats in 2018, African countries are growing rapidly and a single disaster can ruin many livelihoods.  READ MORE

Uganda’s insurance sector outlook “positive”

Industry players believe 2019 will be a good year for the insurance sector, continuing the momentum of 2018, although some players may face an uncertain future.  READ MORE

Global investors to reduce exposure to equities

BlackRock’s 2019 Global Rebalancing Survey of 230 global institutional clients shows that 51% plan to decrease allocations to equities in 2019, preferring fixed income and private markets.  READ MORE

Swiss Re Corporate launches parametric water-level product

Swiss Re Corporate Solutions has launched FLOW, a parametric water-level insurance product designed to protect European companies from the financial impact of high or low river water levels.  READ MORE

Accountants urged to adopt risk management role

The International Federation of Accountants (IFAC) says CFOs should drive enterprise risk management in organisations that are failing to embrace comprehensive ways of managing risk.  READ MORE