Insurance companies in English-speaking West Africa have resolved to improve claims payments by making it simpler, as well as simplify policy documentation and claim processing. This was one of the resolutions taken on Tuesday at the end of a two-day educational conference of the West African Insurance Companies Association (WAICA) […]
Author: admin
Ogun, NCRIB Partners on Building, Disasters Insurances
President of the Nigerian Council of Registered Insurance Brokers (NCRIB), Mr. Kayode Okunoren presenting the Council’s souvenir to Ogun State Commission for Finance, Mr. Adewale Oshinowo during a working visit to the Commissioner at the State Secretariat, Abeokuta, Ogun State. Ogun State Government has taken a proactive measure in collaborating […]
Faces at a courtesy visit of NCRIB delegation to the Deputy Governor at Ogun State Secretariat
Insurance payout for 2014 killing of SAfrica soccer captain
JOHANNESBURG (AP) – Insurers have paid out on a life insurance policy for South Africa national team captain Senzo Meyiwa, who was fatally shot more than a year ago in what police said was an attempted house robbery. The goalkeeper’s killer still has not been caught despite a 13-month police […]
Insurers Out to Let Industry Work for Africa
About 150 insurance practitioners from West Africa are meeting in Banjul to discuss ways and means of further growing the industry, through indigenisation and reaching out to the grassroots with insurance policies. The delegates, mainly from Ghana, Nigeria, Liberia, Sierra Leone and The Gambia, are brainstorming on the theme: ‘Africa […]
President Buhari announces portfolios of ministers
President Muhammadu Buhari has finally announced the long-awaited portfolios of ministers, who were sworn in on Wednesday, at the Presidential Villa, Abuja. President Buhari named himself Minister of Petroleum, while Ibe Kachikwu (Delta State) was named Minister of State (Petroleum). See full list of their Portfolios: 1. Chris Ngige – […]
Zurich Insurance to cut 440 jobs in UK
Move is part of cost-cutting program Zurich Insurance plans to cut 440 jobs at its UK general-insurance unit as part of a cost- cutting program announced in May. Switzerland’s biggest insurer will announce the plan on Monday, according to Alex Jones, a spokesman for Zurich in London. Zurich on Nov. […]
Maternity insurance key to promoting new family planning policy
China has loosened the family planning policy and decided to allow all couples to have two children. The aim, among others, is to increase the country’s fertility rate in order to ease the pressure of the fast aging population. But the question is: Will the goal be fulfilled? To start […]
Over 95% of oil and gas businesses insured overseas: NIC boss
By: Emmanuel Bruce Over 95 per cent of oil and gas businesses in the country are insured overseas due to the limited capacity of the local insurance industry to underwrite all policies in the sector. This has resulted in huge capital flight with the attendant consequences on the economy, the […]
Pension Insurance Corp completes $3.7 bln buy-out of Philips UK pension fund
Pension Insurance Corp (PIC) has completed a 2.4 billion pound ($3.69 billion) buy-out of Philips UK pension fund, the firm said on Thursday. PIC specialises in bulk annuities – taking on the risk of company defined benefit, or final salary, pension schemes. The deal covers the pension benefits of around […]
