In the news today: Porsche-brand insurance is now available, AIG to form AIG Re, African Bank moves to stem client exodus and America-based insurer targets expatriates in Kenyan entry

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Porsche-brand insurance is now available

Insurance disruptors are arriving from unexpected quarters. Keep an eye on upcoming issues of RISKAfrica as we look at where the new competition is coming from. It might not be where you think. The German automaker has started offering its own auto insurance in two U.S. states, and it could be a good fit especially for owners of Porsches that are not driven that often.  READ MORE

AIG consolidates assumed reinsurance operations to form global business AIG Re and names Christopher Schaper CEO

American International Group, Inc. (AIG) announces the formation of AIG Re, which consolidates the company’s assumed Reinsurance operations, including Validus Re, AlphaCat and Talbot Treaty into one global business.  READ MORE

African Bank moves to stem client exodus, safeguard SA comeback

Small South African lender African Bank, rescued from failure by the central bank four years ago, plans to offer overdrafts and expand its insurance business as a drop in customer numbers threatens its turnaround strategy.  READ MORE

America-based insurer targets expatriates in Kenyan entry

American health services company, Cigna, has ventured into the Kenyan insurance market with the launch of its African headquarters in Nairobi. The international insurer, which is targeting multinationals and locally-recruited staff working at inter-governmental and NGOs, said it is looking to make Kenya its hub for Africa.  READ MORE

Creating customer value with AI and analytics: personalising claims to win customers’ hearts

To win the customer’s heart, insurers cannot afford to lag behind on customer-focused innovation. Throughout the claims journey they must deliver interactive, personalised experiences. Whilst there are many barriers to implementing AI and analytics, it is essential for winning and retaining customers in the future. Let’s find out how.

Hear from:  Lorenzo Morganti, Big Data/ AI Senior Project. Wed, Jun 26, 2019 11:00 AM – 12:00 PM CEST  READ MORE