The South African insurance industry has been undergoing significant changes this year, with more to be enacted early next year. On 17 April 2015, the National Treasury and the Financial Services Board issued a request for public comment on the Draft Insurance Bill, 2015 (“the Bill”). The Bill is in […]
Author: admin
ADDRESS BY LADY ISIOMA CHUKWUMA, PRESIDENT AND CHAIRMAN OF COUNCIL, CHARTERED INSURANCE INSTITUTE OF NIGERIA DURING A COURTESY VISIT TO THE NIGERIA INSURERS ASSOCIATION
ADDRESS BY LADY ISIOMA CHUKWUMA, PRESIDENT AND CHAIRMAN OF COUNCIL, CHARTERED INSURANCE INSTITUTE OF NIGERIA DURING A COURTESY VISIT TO THE NIGERIA INSURERS ASSOCIATION ON THURSDAY 26TH NOVEMBER, 2015. PROTOCOLS It is a great delight to be here today on the occasion of yet another opportunity to reinforce the bonds […]
Insurance: FCA plan to make firms show former premiums
By Kevin Peachey Personal finance reporter Households receiving insurance renewal quotes will be told how much they paid the previous year to compare prices, under new proposals. A trial by the Financial Conduct Authority (FCA), found that including the previous year’s premium on renewal notices prompted people to shop around. […]
1 in 10 insurance claims turns out to be a fraud
By Mayur Shetty Insurance claim frauds – which are growing in number and getting more innovative – have put insurers in a dilemma. Companies want to simplify the claims process and wipe out the trust deficit faced by insurers. But this is turning out to be tough when frauds are […]
Face at the 2015 ARIAN Annual National Conference , Election, AGM and 6th Award Ceremony
Panel of discousants From left: Gbadebo and Faruna
African Risk Capacity to double coverage
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 […]
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 […]
