From left: Executive Director, Technical Universal Insurance Limited, Ogbuefi Paulinus Offorzor, receiving Champion’s Best Innovative Insurance Company of the Year 2019 Award from Feyi Smith, Former Managing Director, Champion Newspapers Limited on behalf of Universal Insurance Plc last week. Leave a comment and share Chuks Udo okonta Notwithstanding the challenges […]
Insurance
Lloyd’s affirms resilience towards countering COVID-19 impact
By Ranamita Chakraborty Lloyd’s has confirmed that its 330-year-old commercial insurance market is in a strong position to respond to the impacts of COVID-19 as well as support its customers and business partners. This announcement comes after the publication of its 2019 annual results. “Although the fast-moving global development of […]
COVID-19: India Government announces insurance cover for health workers
By Jimmy John The Indian government will provide health insurance cover of INR5m ($66,666) per person to health workers who are in the frontline of fighting COVID-19 cases in the country. With over 650 active COVID-19 cases and 16 deaths in the country as of 26 March, the insurance scheme […]
Another insurance industry event cancelled – ANZIIF Awards
By Ranamita Chakraborty Due to the unforeseeable impact of the ongoing COVID-19 pandemic, the Australian and New Zealand Institute of Insurance and Finance (ANZIIF) has decided to cancel its 2020 Australian and New Zealand Insurance Industry Awards – two separate events scheduled later this year. ANZIIF is a major membership, […]
Allianz Nigeria pays 53 motor claims worth N2.78m within 60 minutes
Leave a comment and share Chuks Udo Okonta Allianz Nigeria has fulfilled her promise to settle motor claims within 60 minutes, as the nationwide campaign to settle motor claims within 60 minutes which was launched on the February 17, 2020 has seen a total of 53 claims to the tune […]
Allianz appoints Africa Head of Property, Energy and Construction
Morshuizen Robert Ter Morshuizen has been appointed Head of Property, Energy and Construction effective from April 1, 2020 reporting to Allianz Global Corporate & Specialty (AGCS) Africa CEO Thusang Mahlangu, Global Head of Engineering and Construction at AGCS Chris van Gend and AGCS Global Head of Property Thierry Portevin. Robert […]
Tunisia:Insurance federation donates $681k to COVID-19 fund
By Cynthia Ang The Tunisian Federation of Insurance Companies (FTUSA) said it will contribute TND2m ($681,000) to the COVID-19 Solidarity Fund 1818, adding strength to the collective fight against the spread of coronavirus FTUSA has also urged the insurance sector to react positively in order to increase the fund’s resources […]
NAICOM extends submission of first quarter returns, other palliatives to insurance operators
Thomas Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) today announced some palliatives granted to insurance operators as they battle challenges brought about by the deadly coronavirus (COVID-19). The Commission in a circular signed by its Director, Policy & Regulation, Pius Agboola, for the Acting […]
NIA suspends all monthly technical committee meetings
Mrs. Ilori Leave a comment and share Chuks Udo Okonta The Nigerian Insurers Association (NIA) suspended all its monthly technical committee meetings until further notice. A statement by its Controller/Head, Human Resource, Administration and Corporate Communications, Davis Iyasere, said the association would encourage members to hold virtual meetings where necessary. […]
Recent soccer tragedies in Nigeria: Insurance not lamentations should be response
Tope Adaramola Since the beginning of this year, a gale of tragedies has hit the re-evolving Nigerian Soccer league, starting with the alleged gruesome killing of the young and talented player of Remo Stars in Ogun State, Tiamiyu Kazeem, by exuberant operatives of SARS. While still smarting from the tragedy, […]
