In recent years, there has been a shift towards the adoption of risk-based supervision (RBS) and risk-based capital (RBC) frameworks across sub-Saharan Africa. This paper provides a detailed view of the prudential regulatory requirements for life insurers operating in each of the following countries: South Africa, Kenya, Botswana, Namibia, Ghana, and Nigeria. Our paper provides insights into the implementation of International Financial Reporting Standard 17 (IFRS 17) and IFRS sustainability standards (S1 and S2), and related disclosures. For each country, we discuss
- An overview
- Asset basis & liability basis
- Available capital
- Capital requirement
- Allowance for internal model