Britam Holdings PLC said it has eliminated Sh5.8 billion in accumulated losses from its parent company books through a reduction of its share premium account effective September 7. According to the insurer’s public announcement, the move removes the final legal barrier that had blocked shareholders from receiving a dividend for six years, potentially enabling a first payout since 2019, though no dividend declaration was reported.

South African financial services group Sanlam reported a 22% decline in profit, according to Moneyweb. The company attributed the drop to higher insurance claims and weakness in its Indian operations. The results reflect pressure on the insurer's earnings from both elevated claims costs and softer performance in one of its key international markets.

Kenya is bracing for above-average rainfall during the October to December season, with El Niño conditions expected to increase the risk of flooding and damage to property, including vehicles. According to The Kenya Times, strong El Niño conditions are likely to persist into early 2027, with several counties placed on high alert. The report compares comprehensive and third-party vehicle insurance options, advising motorists on which cover is most suitable ahead of the anticipated heavy rains, citing National Police Service statistics from March.

Kenya's insurance industry is grappling with price undercutting even as companies face pressure to deliver faster claims, better service and stronger customer trust. Old Mutual Holdings CEO Arthur Oginga argues that lower prices are not inherently harmful if they result from genuine efficiency, but warns that unsustainable pricing driven by competition poses problems. According to TechTrends KE, the debate highlights the difficult economics behind Kenya's insurance market and the tension between affordability and long-term sector stability.

South African banking group FirstRand reported a 5% decline in profit after setting aside a R17.64 billion provision that curbed its earnings gains, according to Moneyweb. Despite the profit drop, the bank declared a final dividend of R2.80 per share for shareholders. The results reflect the impact of the substantial provision on the group's overall financial performance for the reporting period.

Nigeria's Commissioner for Insurance, Olusegun Omosehin, has warned insurance companies to strictly adhere to prudential standards and ethical conduct following the conclusion of the industry's recapitalisation exercise. According to Vanguard, Omosehin issued the warning on Thursday at the launch of the Insurance Sector Strengthening Programme (ISSP) in Abuja, an initiative aimed at reinforcing the country's insurance sector.