Aviva, a tech leader among UK insurers, has created digital development centers in London, and more recently in Singapore as part of its digital strategy. Aviva first established a Digital Garage in London in mid 2015 to develop and explore turning innovative ideas into real financial products and services for […]
Author: admin
Malawi to draw US$30m from insurance fund to feed people
Malawi is planning to claim US$30 million from the African Risk Capacity Programme (ARCP), an international insurance organization, to buy maize for people negatively affected by drought.Malawi’s disaster management head Dyce Nkhoma told journalists in the capital Lilongwe on Saturday that there are fears that the majority of people could […]
Lagos Pays N649m to 119 Retirees
Leave a comment Chuks Udo Okonta The Lagos State Pension Board (LASPEB) has disbursed a sum of N649 million to 119 retirees in the state for the month of January 2016. A statement from the Spokesperson, LASPEC, Mrs Ajoke Lawal, said the beneficiaries are workers in the Mainstream Service, Local […]
NAICOM gives lifeline to brokers with lapsed licences
Circular REQUIREMENTS FOR RE-REGISTRATION OF AN INSURANCE BROKER WITH LAPSED LICENCE An Insurance Broker whose licence has lapsed and wishes to re-register under the same name shall comply with the following requirements: Phase 1. Letter of Appeal giving reasons why the last licence lapsed and payment of non-refundable fee (N250,000.00) […]
World’s Top 10 Insurers Ranked by Premium, Assets
The world’s largest insurer as measured by 2014 net premiums written is UnitedHealth Group Inc., according to a ranking by A.M. Best of the world’s largest insurance companies. France’s AXA S.A. kept its top spot among global insurers ranked by assets, but fell to No. 2 by net premiums written […]
Almond finance and wealth report debuts on BCOS TV Ibadan
Ughwode Leave a comment Chuks Udo Okonta Almond Productions Limited producers of Almond Finance and Wealth Report on television and Wetin Insurance Dey Do Sef on Radio said it is expanding its viewership strength to Ibadan and environs. A statement by the Chief Executive Officer (CEO) Ms. Faith Ughwode, said […]
The immoral UK pension policy discriminates against expats
Freezing pensions of British expats is an example of blatant miserly British Government discrimination from a nation which believes in and promotes itself as being fair minded, respecting equality, sound ethics and moral behaviour, writes Jim Tilley. There are 250,000 retirees in Australia all of whom are in receipt of […]
Insurance Bill in Parliament seeks to regulate microinsurers
BY LINDA ENSOR THE Insurance Bill, tabled in Parliament on Friday, will introduce a regulatory framework for microinsurers and a consolidated legal framework for the prudential supervision of insurers, the bill’s memorandum says. The bill introduces a new solvency assessment and management regime to ensure the financial soundness of insurers, […]
South Africa’s Liberty buys control of Ugandan short-term insurer
JOHANNESBURG (Reuters) – South Africa’s Liberty Holdings has bought a controlling stake in a short-term insurer in Uganda for an undisclosed sum, pursuing its strategy of expanding on the African continent. The deal gives Liberty a 51-percent stake in Madhvani Group’s short-term insurer, East African Underwriters Ltd (EAUL). EAUL provides […]
Why you should insure your spouse
Taking out life or funeral insurance on your spouse is often seen as a sinister move or the ‘elephant in the room’ among couples For this and other reasons, spouses tend to neglect this responsibility, exposing their families to unnecessary financial risk. Lee Bromfield, CEO of FNB Life, said this […]
