The devastated neighbourhood of Timberlea in Fort McMurray Alta. is shown on Wednesday June 1, 2016. (THE CANADIAN PRESS/Jason Franson) The Insurance Bureau of Canada is to announce later today its estimate of total insured damage caused by the wildfires in Fort McMurray, Alta. The fires in May forced the […]
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Insurance company fraudster sentenced
An insurance company manager who stole more than £5,000 from his employers has been ordered to carry out 160 hours of unpaid work. A court was told Malcolm Gillies diverted money from customer repayments into his own bank account while working for Aviva. The 35-year-old from Perth was sacked for […]
Infiniti Insurance pioneers online platform
/ MEDIA STATEMENT / Short term insurer, Infiniti Insurance has announced the launch of the pioneering Infiniti Online – a secure online insurance platform, offering clients the autonomy to manage their personal and business insurance requirements however and whenever they choose. “We developed this online platform to offer new customers […]
As microinsurance penetrates Africa reinsurance capacity need will grow
Parametric or weather-index insurance cover through microinsurance schemes continues to expand its reach across Africa, a trend that could result in greater demand and utilisation of reinsurance and insurance-linked securities (ILS) capacity. During 2014 total identified microinsurance written premiums across Africa increased to $756 million, from $387 million in 2011, […]
CIIN to form insurance clubs in schools
Leave a comment and share Chuks Udo Okonta The Chartered Insurance Institute of Nigeria (CIIN) in a bid to strengthen insurance awareness plans to form insurance clubs in secondary schools. The Managing Director, LAKEG Nigeria Limited, Muftau Oyegunle, said this in Lagos, adding that the initiative is part of the […]
FG securities gulp N3.68trn pension funds as at March
Leave a comment and share Chuks Udo Okonta Federal Government’s securities have continued to attract more funds from the Contributory Pension Scheme (CPS) as N3.68 trillion out of the N5.46 trillion total assets, were invested in bonds and treasury bills in March 2016. The National Pension Commission (PenCom) in its […]
Insurers task NAICOM to create specific help desks
Leave a comment and share Chuks Udo Okonta Insurance operators have called on the National Insurance Commission (NAICOM) to provide specific help desks that would help resolve issues relating to financial reporting. The Chairman Risk Management and Compliance Committee of the Nigerian Insurers Association (NIA), David Igiehon, said this in […]
Policy on rail insurance on the way – NIA
Leave a comment and share Chuks Udo Okonta The Motor Technical Committee of the Nigerian Insurers Association (NIA) is presently working on a draft policy on rail insurance to take advantage of opportunities that would accrue from rail transportation. The Chairman of the committee, Mrs Omolara Posi-Adedayo, disclosed this in […]
Poland targets private funds in biggest pension shakeup since 1999
By Marcin Goclowski and Jakub Iglewski Poland announced on Monday the biggest shakeup of its pension system in nearly two decades, with plans to convert state-guaranteed private pension funds into mutual funds and to transfer some of their assets into state custody to cut public debt. The economy ministry said […]
Nigeria, six others record $756m premium on micro-insurance
By Favour Nnabugwu Micro-insurance across Africa is beginning to take its rightful place in insurance market as the premiums written from the class stands at $756million in 2014. This was disclosed to Vanguard in Abuja by Microinsurance network and Munich Re Foundation when the duo released the 2015 landscape of […]
