Old Mutual, Africa’s biggest insurer, said gross sales rose 31% in the third quarter as sales increased on the continent and at its wealth unit. The stock advanced to a record in Johannesburg trading. Sales climbed to 8.1 billion pounds ($12.5 billion) from 6.2 billion pounds a year earlier, London-based […]
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Managing risks in an uncertain world
The re/insurance industry is seeing rapid change as it grapples with new risks in a changing world: this was the topic discussed by a panel at the Singapore International Reinsurance Conference on day two of the conference. The meeting covered the theme of ‘Managing Risks in an Uncertain World’. Session […]
Portland flooding triggers insurance claims
A lot of people who got stuck driving through high water, or their property flooded, are now dealing with insurance companies to get reimbursed. But what’s covered and what’s not? If you intentionally drove through high water and flooded your car’s engine, is that treated the same as if you […]
Third-party insurance holders pay more money for less cover
UK drivers with such policies are being charged thousands more than those with fully comprehensive cover, even though they offer less protection Drivers are being warned not to assume that third-party insurance will be the cheapest option after research by Guardian Money found they were being quoted up to £4,000 […]
Insurers’ conduct sometimes falls short – UK financial watchdog
Insurers’ professional conduct sometimes falls short and distrust of the finance sector is not confined to investment banking, the boss of Britain’s financial watchdog said on Tuesday. “You may think there is a world of difference between you and an investment banker, consumers don’t necessarily draw such fine distinctions…a lack […]
Arik launches customised air travel insurance
Arik Air has launched a customised air travel insurance, which the airline said was aimed at taking passengers flying experience to a new level. Thisday reported that the new air travel insurance enables a passenger to enjoy a customised domestic travel insurance on Arik Air with only N1,000.00. All a […]
Canada pension fund ready to invest $2 billion in Mumbai housing
Mumbai: Canada’s pension fund is ready to invest $2 billion in affordable housing in Mumbai, a top Indian official said, in a move that would boost Prime Minister Narendra Modi’s goal of providing cheap housing to millions of people. “A week back, the Canadian ambassador… informed me that the Canadian […]
A.M. Best: Europe Insurance Market Begins Recovery; Life Sector Drives Growth
Europe’s largest insurance markets have continued to show some signs of recovery, with many experiencing top-line growth, driven by the life sector, according to a new report by A.M. Best. In general, the increases in total gross written premium (GWP) come following a number of years of muted development and […]
Tax hike may rattle British motor, home insurers
* Tax on motor, home insurance to rise from November * Consumers to face higher bills; home cover sales may slow * Insurers may have to scrimp elsewhere, analysts say By Carolyn Cohn and Noor Zainab Hussain Reuters – A tax hike on British motor and home insurance policies effective […]
50 Insurance, Reinsurance Firms Yet to Submit Annual Returns to NAICOM
By Ebere Nwoji About 50, out of the existing 58 insurance and reinsurance firms are yet to submit their 2015 third quarter Annual Accounts and Returns to the National Insurance Commission (NAICOM). Also, six of the above existing firms are yet to submit their first, second and third quarter 2015 […]
