OneLife Assurance Named Best Life Insurance Company in Zambia 2026

10 March 2026

OneLife Assurance Limited was awarded Best Life Insurance Company Zambia 2026 by the Global Banking & Finance Review Awards® for its strong financial performance, innovative products, and customer-focused services. The recognition highlights the company’s efforts in digital accessibility, efficient claims management, and market leadership in Zambia’s life insurance sector. Winners were evaluated based on product innovation, financial stability, customer satisfaction, operational excellence, and strategic growth. This award reinforces OneLife Assurance Limited’s reputation as a trusted provider supporting long-term financial security for individuals, families, and businesses. The recognition also reflects the company’s commitment to sustainable growth and inclusive financial development.

Where AI Is (and Isn’t) Used in Life Insurance Underwriting in Canada

10 March 2026

Canadian insurers are increasingly using AI for routine life insurance applications, allowing systems like Manulife’s MAUDE to approve low-risk cases within minutes. However, AI does not handle complex medical or financial profiles, which are escalated to human underwriters for nuanced judgment. This approach improves operational efficiency while ensuring human expertise guides high-risk or non-standard cases. Insurers monitor AI outputs for accuracy, fairness, and bias, integrating technology alongside underwriters, actuaries, and risk teams. The industry emphasizes that AI accelerates decision-making but does not replace professional accountability or human oversight.

Egypt’s Sovereign Fund Seeks Banks for 20% Misr Life Insurance Stake Sale

4 March 2026

The Sovereign Fund of Egypt is inviting investment banks to manage the sale of up to a 20% stake in Misr Life Insurance, following approval for a temporary EGX listing. The offering aims to expand private-sector participation, improve asset management, and create investment opportunities in Egypt’s insurance sector. Misr Life Insurance controls about 22% of the country’s life insurance market, with shareholders’ equity of EGP 42bn as of September 2025. Selected banks will lead marketing, book-building, and investor coordination, submitting proposals including valuations, marketing strategies, and potential investor lists. The process requires licensing, relevant experience, and adherence to submission deadlines, with final bids due by 18 March 2026.