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Originally published by The Standard Business
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February 2, 2026
1w ago

Sustainability and insurance: Leadership in a time of global uncertainty

Sustainability and insurance: Leadership in a time of global uncertainty

African insurers are working more closely with regulators, development finance institutions, reinsurers, and peers to build markets that are credible, transparent, and fit for purpose...

✨ Key Highlights

The African insurance industry is increasingly embedding sustainability into its operations, driven by climate change impacts and a rapidly shifting global landscape. This proactive approach is highlighted by the growth and influence of the Nairobi Declaration on Sustainability Insurance (NDSI), which promotes integrating ESG into business practices across the continent.

  • NDSI signatories now cover 275 members from 38 countries, collectively managing approximately $342 billion (Sh44.46 trillion) in assets, with about 15 percent or $52 billion (Sh6.76 trillion) linked to ESG-aligned investments.
  • ICEA Lion Group, a founding member of NDSI, is leading innovation by participating in initiatives like the Geothermal Well Output Insurance Product to de-risk clean energy projects.
  • The upcoming Second Africa Sustainable Insurance Summit (ASIS) is scheduled for February 4th to 6th, 2026, in Cape Town, following the inaugural successful summit in Accra, Ghana.

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