By Jimmy John A survey conducted by the Insurance Institute of India (III) has revealed that COVID-19 will have a long-lasting impact on the insurance sector, which will have to accelerate digital transformation and reskill the workforce to stay relevant and competitive in the future. The survey looked at the […]
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International Underwriting Association supports Pandemic Re
By Anoop Khanna The International Underwriting Association (IUA) said it is committed to help mitigate the risk of – and find more effective recovery solutions for – future pandemics. IUA chief executive Dave Matcham has said, “We have been following closely the discussions on a number of different possible approaches […]
CIIN unveils new curriculum 8 course books for foundation stage
From left: Director General, Chartered Insurance Institute of Nigeria, Richard Borokini, Deputy President, Sir Muftau Oyegunle; President, Eddie Efekoha; Chairman of the Examination Committee/ Past President of the Institute Venerable Olusola Ladipo-Ajayi and Council Member, Segun Omosehin at the event. Leave a comment and share Chuks Udo Okonta The Chartered […]
Linkage Assurance assures Shareholders of meeting new capital requirement
Braie Leave a comment and share Chuks Udo Okonta Linkage Assurance Plc has assured shareholders that despite the challenges posed by the impact of COVID-19, the Company is on course to meeting the recapitalisation requirements. The Company disclosed that it is concurrently exploring all available options including Rights Issue, private […]
Indian insurers to hire large numbers post lockdown
By Anoop Khanna Indian life and general insurers anticipate a spurt in their businesses as the lockdown imposed to curb the spread of COVID-19 pandemic is relaxed. The insurers plan to add substantial numbers to their workforce soon. According to a news report published in the financial daily The Economic […]
Funmi Omo, African Alliance boss launches scholarship to support young women
Funmi Omo Leave a comment and share Chuks Udo Okonta The Managing Director/Chief Executive Officer of foremost Life Insurer, African Alliance, Funmi Omo, has launched her passion project, The Funmi Omo Initiative (FOI), aimed at supporting outstanding young women across the country A statement by the Brand, Media and Communications […]
Allianz strengthens Property line of business
Leave a comment and share Chuks Udo Okonta Allianz Global Corporate & Specialty (AGCS) Africa has announced three appointments in its Property line of business. Effective July 1 2020, Ronald Dodo-Tabaziva will be joining AGCS Africa as a Lead Property Underwriter. He is a Fellow and Associate of the Insurance […]
Insurance industry contributes USD2.33 trillion for real economy in China
The banking and insurance regulator of China said that the insurance industry in the country has contributed a total of USD2.33 trillion for the real economy at the end of the starting quarter of the current year in China. Data published by the China Banking and Insurance Regulatory Commission (CBIRC) […]
Leadway Assurance holds virtual AGM, pays N38.5bn claims in 2019
* Grows total assets by 26% to N394bn Leave a comment and share Chuks Udo Okonta Leadway Assurance Company Limited has held its 48th Annual General Meeting (AGM) via a virtual platform in strict compliance with social distancing recommendations by the World Health Organisation (WHO), the Federal and the State […]
US:Lawmaker proposes Pandemic Risk Insurance Act
By Amir Sadiq Congresswoman Carolyn Maloney, a senior member of the House Financial Services Committee, has joined with various stakeholders to introduce the Pandemic Risk Insurance Act of 2020 (PRIA). This legislation will create the Pandemic Risk Reinsurance Program, a system of shared public and private compensation for business interruption […]
