*New regulations coupled with insurtech offerings will pave the way for significant growth Traditionally, access to micro-insurance in South Africa for lower income households has been restricted to life insurance products only, in the form of funeral insurance. However, barriers to uptake and opportunities for financial inclusion were less than […]
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Photo: Linkage Assurance donates reflective vests to FRSC
From right: Executive Director, Technical, Okonlawon Adelagun; Managing Director/Chief Executive Officer, Daniel Braie both of Linkage Assurance Plc making a presentation to Deputy Corps Marshall, Federal Road Safety Corps, Shehu Zaki, standing in for Corps Marshall Boboye Oyeyemi, when the Company donated reflective vests to FRSC as part of its […]
Insurers shed N323bn annuity business for retail underwriting
Leave a comment and share Chuks Udo Okonta Some insurance companies are cutting down on their uptake of N323 billion annuity business because they considered it to be so volatile and probed to inflation, Inspenonline can report. Investigation by Inspenonline revealed that three life underwriting firms had drastically reduced their […]
Cornerstone Insurance berths comfortably in recapitalised zone
From left: Executive Director Institutional Business, Cornerstone Insurance Plc, Chidiebere Nwokeocha; Group Managing Director/CEO, Ganiyu Musa and Group Head, Strategy, Investor Relations & ERM, Adewale Foster-Aileru at the event. Leave a comment and share Chuks Udo Okonta At a time other insurance companies are still strategizing on how to meet […]
UNILORIN VC counsels old students on schools development
Prof. Abdulkareem Leave a comment and share A call has gone to all those who benefitted from the good old days of Nigeria’s educational system not to sit aloof but rather strive to always give back to the system. Making this call recently was the Vice Chancellor of University of […]
Mutual Benefits Assurance names Asenuga Managing Director as Omosehin retires
Asenuga Leave a comment and share Chuks Udo Okonta Following the retirement of Olusegun Omosehin as the Managing Director of Mutual Benefits Assurance Plc., the firm has appointed Femi Asenuga as the new Managing Director/Chief Executive Officer (CEO), subject to regulatory approvals. The firm said this in a statement signed […]
N300m insurance rebranding project hits rock as recapitalisation fever grips insurers in 2019
Mrs. Ilori The business operating environment this year seemed tough for companies, especially, in the insurance sector. Chuks Udo Okonta, in this report looks at major developments that shaped the underwriting sector. Insurance operators came into this year, with great expectations. They had hinged their belief on some initiatives rolled […]
Over N7.04trn pension assets invested in FG, State securities, as NEC eyes N2trn
Leave a comment and share Chuks Udo Okonta While the National Economic Council (NEC) considered the possibility of investing N2 trillion out of the Contributory Pensions Fund on infrastructure development in the country, data obtained from the National Pension Commission (PenCom) said N7.04 trillion out of the N9.81 trillion pension […]
FG takes away unwholesome tax burden from insurers
Smart Leave a comment and share Chuks Udo Okonta The Federal Government has through the Executive Finance Bill recently passed by the National Assembly relieved insurers of an unwholesome tax burden that had hitherto drained their earnings. The Bill, which is yet to be signed by President, Muhammadu Buhari, deleted […]
Kenyan startup launches insurance-as-a-service platform for underwriters
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 […]
