Reverend Okosun Reverend Kennedy Okosun, the Chief Executive Officer (CEO) of Krif Ghana Limited, has said a well-developed insurance industry is key in efforts to improve the stability of the financial markets. He said the insurance sector must offer packages that would protect individuals and businesses from losses, especially in […]
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WAICA Re posts $70m gross written premium in 2019
Ekundayo Leave a comment and share Chuks Udo Okonta WAICA Reinsurance Corporation (WAICA Re) closed its 2019 financial year with a Gross Written Premium (GWP) of $70 million, which represents 21 per cent of growth compared to 2018 figures. The reinsurance firm also achieved a profitability of $9.5 million, which […]
World’s largest pension fund loses $165bn in first quarter 2020
By Shoko Oda and Shigeki Nozawa The world’s biggest pension fund posted a record loss in the first three months of 2020 after the coronavirus pandemic sparked a global market rout in the period. Japan’s Government Pension Investment Fund lost 11%, or 17.7 trillion yen ($164.7 billion), in the three […]
Insurer AXA says made investment portfolios greener in 2019
LONDON (Reuters) – French insurer AXA (AXAF.PA) said it reduced the temperature score of its investments in 2019, bringing them closer to alignment with the targets of the Paris Agreement on climate change. The so-called “warming potential” of its investments, a measure of their contribution to climate change, had fallen […]
Texas auto insurers sitting on windfall of up to $869m
By Amir Sadiq With COVID-19 driving down automobile activity, auto insurers in Texas could reap a windfall estimated between $606m and $869m, according to non-profit organisation Texas Appleseed (Appleseed). The organisation’s research has found that since March, weekly accidents in Texas declined by an average of 43%. However, about a […]
Retirees in FCT, four states get pension from CPS – PenCom
Leave a comment and share Chuks Udo Okonta Only four states and the Federal Capital Territory (FCT) are presently paying retirees through the Contributory Pension Scheme (CPS), the National Pension Commission (PenCom) has said. PenCom stated this in a publication entitled: Status of Implementation of CPS in States as at […]
Re-thinking strategy, bracing up for recapitalisation
Adeleke Insurers have enough time to consider embracing the window of merger and acquisition. Irrespective of what the economy and pandemic are saying, operators should brace-up, re-think their strategy, refocus their plans and hit the ground running. Managing Director Lancelot Ventures Limited, Adebayo Adeleke
Tasks before Commissioner for Insurance
Smart Once again, let me use this opportunity to congratulate the new Commissioner for Insurance, Sunday Thomas on his appointment as the Commissioner for Insurance. He is a thorough bred professional and a round peg in a round hole. For me, his priority should be market development. He should come […]
Why tier based recapitalisation model failed – Past NIA Chairman
Smart. Leave a comment and share Chuks Udo Okonta The Tier based capital introduced by the National Insurance Commission (NAICOM) was no doubt a very good model, but it failed because of the way the model was implemented, the past Chairman, Nigerian Insurers Association (NIA), Tope Smart has said. He […]
Facebook: Aviva and Intercontinental Hotels Group pause ads
Aviva Facebook and Holiday Inn brandsImage copyrightGETTY IMAGES By Jane Wakefield Technology reporter Two leading UK firms – the insurer Aviva and the Intercontinental Hotels Group (IHG) – have become the latest to “pause” advertising on Facebook. They join Ford, Adidas, HP, Coca Cola, Unilever and Starbucks, which have all […]
