ICEA LION Is A Committed Leader in the International Stage.
We are committed to responsible finance as the way of assuring our future. To amplify this and make a real impact, we embrace stronger regional and international co-operation in the knowledge that we cannot change the world alone. We believe in and live up to our brand promise ‘We’re Better Together.” In light of this, we have partnered with 21 of the world’s largest insurers, representing around 10% of world premium and USD 5 trillion in Assets Under Management to develop a new generation of risk assessment tools designed to enable the insurance industry better understand the impact of climate change on their business.
As the only Africa member of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD) insurer pilot group, we are playing an active role in the climate change agenda. We are developing analytical tools that will be used to pioneer the insurance industry’s climate risk disclosures that are in line with the recommendations of the TCFD, using the latest climate science, including some of the most advanced, forward-looking climate scenarios available. In this regard, we have participated in various forums such as the PSI Market Event in Cairo – Egypt and the Global Forum on Human Settlements for Resilient Cities in Addis Ababa – Ethiopia, among others.
Our participation in such global platforms not only lends an African-voice to emerging global regulation that will soon find its way to this market, but also expands our network and collaborative engagements that helps us broaden our business opportunities. It brings us to the forefront of creating an impact and leaving the world a better place for the sake of future generations.
Looking to the future, we intend to work with our peers and industry partners within the East African space by hosting the 2021 PSI Market Event in Nairobi as we seek collaborative engagements that can help us tackle this global challenge. As society’s early warning system and risk manager, we are consistently pursuing innovation to better serve our customers and society as we seize unprecedented business opportunities to ensure an insurable, resilient and sustainable world.