South African short-term insurer Santam said on Tuesday it expects to post increased full-year profits, partly due to improved sales, sending its shares higher. The unit of long-term insurer Sanlam flagged a rise of up to 30 percent in headline earnings per share (EPS) to 1,880 cents for the year […]
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Life policies on the rise as incomes improve – insurer
Jubilee Insurance CEO Patrick Tumbo. Photo/File By MERCY GAKII UPTAKE of life insurance is on the rise and is set to challenge that of general insurance products as income levels rise, according to an expert in the industry. Jubilee Insurance chief executive Patrick Tumbo said an increasing middle class and […]
BRIEF-African Alliance Insurance says qtrly net premium income 4 bln naira
African Alliance Insurance Plc : * Quarter ended Sept 30, 2015 group loss before tax of 265.6 million naira versus profit of 1.02 billion naira last year * Says for quarter ended Sept 30, 2015 group net premium income 4 billion naira versus 3 billion naira last year Source text: […]
FG Disengages Heads Of NTA, FRCN, Other Information Parastatals
The Federal Government has disengaged the heads of the six information-related parastatals under the Ministry of Information and Culture. The Minister of Information and Culture, Mr Lai Mohammed, announced the disengagement during a meeting he held with the Chief Executives of the Nigerian Television Authority (NTA), Federal Radio Corporation of […]
WAICA Re targets integration with Cote d’Ivoire office
Nike Popoola WAICA Reinsurance Corporation Plc said it was achieving regional integration with the setting up of offshore contact office in Abidjan, Cote d’Ivoire. The Managing Director, WAICA Reinsurance Plc, Mr. Abiola Ekundayo, said this during the opening of the contact office of WAICA Reinsurance Corporation Plc in Abidjan, Ivory […]
New insurance mandate for autism treatment lifts families’ financial burden
Abbey Ripper was diagnosed with autism at 3 years old, although her parents had realized early in her infancy that she was different from other babies. At an age when most teenagers aggressively assert their independence, Abbey – now 14 – needs round-the-clock care. She struggles to dress and bathe […]
Zika virus causes surge in calls for travel insurance
By Hugo Martin Contact Reporter The Zika virus has joined terrorism and extreme weather as one of the biggest worries of airline travelers. InsureMyTrip, a travel insurance comparison site, reported a 20% surge in calls last week from travelers worried about the virus that can cause fever, rashes, joint pain […]
Where we are on transfer window – PenOp boss
Leave a comment and share Chuks Udo Okonta Those awaiting the commencement of the pension transfer window to switch from their Pension Fund Administrator (PFA) to another have to wait awhile as efforts to entrench a seamless process is still in the making. Inspen gathered that the National Pension Commission […]
Lagos State set to implement PRA 2014
Leave a comment and share Chuks Udo Okonta Lagos State is almost set to commence implementation of the Pension Reform Act 2014, Inspen can report. Investigations revealed that the state is putting finishing touches on its legislation to pave way for the implementation. Director-General Lagos State Pension Board (LASPEB) Mrs […]
Fitch Publishes London Market Insurance Dashboard
Fitch Ratings has published a dashboard on the London insurance market, summarising the outlook for the sector. Fitch expects that a significant proportion of (re)insurance classes will experience further price falls in 2016. The low level of major claims activity has intensified competitive pressures, particularly in short-tail lines, and Fitch […]
