Fiona Robertson Catastrophe insurance pool African Risk Capacity (ARC) is planning to double the insurance coverage it offers by opening up to UN agencies and non-governmental organisations. The pool already offers nine governments about $180mn of coverage and it hopes other organisations will take out cover to match this existing […]
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Insurance agents re-elects Gbadebo, celebrates Irukwu, others
Mrs Adenuga receiving the award on behalf of Prof. Irukwu from Gbadebo, others are members of ARIAN at the event. Leave a comment Chuks Udo Okonta Insurance Agents under the umbrella of Association of Registered Insurance Agents of Nigeria (ARIAN) today re-elect Olamerun Gbadebo as President, even as Prof. Joe […]
Passing Revised Insurance Bill into law
Five years ago, the current Insurance Act 2003, was revised and passed to the Executive arm of the industry, specifically, the Finance Ministry, but as it stands, it is yet to leave the Ministry to the National Assembly, although there are steps being taken to get the bill passed under […]
Canada’s Sun Life Boosts Indian Insurance Venture Stake
By Judy McKinnon Sun Life Financial Inc., Canada’s third-largest insurance company by assets, said Wednesday it will boost its stake in its Indian insurance joint venture to 49% from 26%, expanding in what it considers a key growth market. Toronto-based Sun Life said it would pay about 340 million Canadian […]
African Pension Funds: Retirees and infrastructure for the sake of the people
In the financial world, it is the capital that disappears. Two visions, two aspects, the same problem: old age in Africa. Indeed, economic growth has increased the life expectancy in the continent, spawning new demographic challenges for populations. How to ensure the peaceful retirement of millions of Africans retiring each […]
EU Tells 14 Countries to Put Deposit-Insurance Rules in Place
Infringement letters sent to 18 nations, 14 now need to comply Bank resolution rules still need action from nine countries The European Union is pursuing infringement proceedings against 14 member countries that haven’t changed their national laws to comply with the bloc’s new rules for deposit guarantee systems. Belgium, the […]
Obama unveils $30 mln for climate risk insurance to protect poor
Climate deal needed if Bill’s billions are to help poor nations BY MEGAN ROWLING PARIS,(Thomson Reuters Foundation) – The United States will contribute $30 million to climate risk insurance schemes in the Pacific, Central America and Africa, President Barack Obama announced at a meeting with leaders of small island nations […]
CIIN to align syllabus with CII UK
Ahmed Leave a comment Chuks Udo Okonta The much expected syllabus of the Chartered Insurance Institute of Nigeria (CIIN) when completed would feature relevant parts of that of Chartered Insurance Institute of the United Kingdom, Inspen has learnt. It was gathered that the syllabus which work is at the final […]
Zurich Insurance boss Martin Senn quits
Chief executive cites setbacks such as losses after Tianjin explosions and aborted takeover of RSA Aftermath of explosions in Tianjin, China. Zurich lost $275m in the disaster, in which 173 people died. Photograph: Wu Hong/EPA The chief executive of Zurich Insurance has stepped down after a series of mishaps that […]
How to curb insurance premium decline – CIIN DG
Leave a comment Chuks Udo Okonta The consultation of market leaders before undertaken a new risk would help stem the continuos slide of premium, the Director-General Chartered Insurance Institute of Nigeria (CIIN) Kola Ahmed, has said. He told Inspen in an interview that the absence of market leaders in the […]
