BY TOM JACKSON Kenyan startup Griffin has launched, offering an insurance-as-a-service (IaaS) digital management platform to insurers and a motor app for consumers. Launched in October after being seed-funded in early 2018, Griffin is an insurtech startup operating two commercial brands. Lami is its IaaS platform, which provides customers with […]
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How Blockchain is disrupting the insurance industry
Most insurers have started exploring the opportunities the Blockchain can deliver to their business. With 81% of insurers globally familiar with the technology, some areas of focus are fraud prevention, the digital tracking of medical records and developing smart contracts. JC Oberholzer, Chief Systems Architect of SilverBridge Holdings, examines the […]
Insurance recapitalisation to cost N77bn
By Omobola Tolu-Kusimo The ongoing recapitalisation in the insurance industry will cost insurers about N77 billion, The Nation has learnt. Top industry sources who spoke on condition of anonymity said the recapitalisation cost was drawn from fees to be paid to the Nigerian Securities and Exchange Commission (SEC), tax and […]
Royal Exchange appoints Wale Banmore new GMD, Iwuajoku as Group ED
Banmore Leave a comment and share Chuks Udo Okonta The Board of Directors, Royal Exchange Plc, has announced the appointments of Olawale Banmore, as the new Group Managing Director, while John Iwuajoku has been appointed the Group Executive Director, Operations. Both appointments are effective, December 4, 2019, the firm said. […]
Universal Insurance gets shareholders’ nod for fresh recapitalisation funds
From left: Ben Ujoatuonu, Managing Director/CEO, Paulinus Offorzor, Executive Director(Technical); Engr Cyril Ajagu, Core Investor, Reginald Anyanwu, Executive Director, and Tony Okocha, Ag Chairman, Board of Directors during the 49th Annual General Meeting of Universal Insurance Plc today in Lagos. Leave a comment and share Chuks Udo Okonta With the […]
Funmi Omo named amongst top 100 women CEOs in Africa
Omo Leave a comment and share Chuks Udo Okonta Chief Executive Officer of Nigeria’s foremost life insurer, African Alliance Plc., Funmi Omo, has been named amongst the top 100 women Chief Executive Officers (CEOs) on the continent by Reset Global People in partnership with Pulse Media and Avance Media. According […]
Photos: Faces at 3rd General Assembly of Association of African Insurance Supervisory Authorities in Abuja
Acting Commissioner for Insurance, Nigeria, Sunday Thomas at the event.
Photos: Faces at 2019 National Association of Insurance and Pension Correspondents end of the year party in Lagos
Consolidated Hallmark Insurance gets NAICOM approval for micro insurance
Efekoha Leave a comment and share Chuks Udo Okonta Consolidated Hallmark Insurance (CHI Plc) has received approval-in-principle from the National Insurance Commission (NAICOM) to operate CHI Micro Insurance Limited, a new Micro Life Assurance subsidiary. The positive development is coming on the heels of a recent disclosure by the company’s […]
Madonna University Alumni Association gets new President
Nwachukwu Leave a comment and share Chuks Udo Okonta Chuka Nwachukwu has emerged as the new President of the Madonna University Alumni Association (MUAA). Chuka, an established banker who has grown through the ranks at United bank of Africa UBA, recorded a landslide victory at the just concluded national convention […]
