Insurance

Insurance

Royal Exchange posts N14.21bn gross written premium in 2019

From left: Group Managing Director, Royal Exchange Plc, Olawale Banmore; Director, Hewett Benson; Company Secretary, Sheila Ezeuko; Director, Rufai Mohammed and Director Adeyinka Ojora at the event. Leave a comment and share Chuks Udo Okonta Royal Exchange Plc, Nigeria‚Äôs premier insurance and financial services group, has announced its results for […]

Insurance

Digital platforms reshaping insurance business – Ebose

Ebose Leave a comment and share Chuks Udo Okonta The Managing Director/Chief Executive Director, Anchor Insurance Company Limited, Ebose Augustine has said following the effects of coronavirus pandemic on business landscape and the economy, 50 per cent of insurance businesses are presently done through digital platforms. Ebose, who stated this […]

Insurance

Regulator says 95% of MSMEs lack insurance

Insurance regulator IRDAI has said that only 5% of micro and small and medium-sized enterprises are insured, a situation brought into prominence by the COVID-19 pandemic. To narrow the insurance gap, the regulator will direct insurance companies to mandatorily offer a standardised cover for this segment, reported Times of India. […]

Insurance

Life insurers provide $58.4m in premium relief assistance

By Cynthia Ang South African life insurers provided more than 458,000 policyholders with premium relief assistance to the value of over ZAR1bn ($58.4m) between March and July this year, in an effort to help policyholders whose earnings were impacted by the COVID-19 lockdown preserve their risk cover and savings policies, […]

Insurance

Royal Exchange will surely recapitalised – Chairman

From left: Group Managing Director, Royal Exchange Plc, Olawale Banmore; Director, Hewett Benson; Company Secretary, Sheila Ezeuko; Director, Rufai Mohammed and Director Adeyinka Ojora at the event. Leave a comment and share Chuks Udo Okonta The Chairman of Royal Exchange, Kenny Odogwu, has expressed optimism that the the company will […]

Insurance

DStv decoder insurance

DStv Explora 3A By Oluniyi D. Ajao The insurance industry in South Africa is massive and entrenched into every facet of the economy. From cellphone insurance, through car insurance to home insurance, the industry has many players vying for your business. One of the specialised ones is the company that […]

Insurance

NAICOM projects insurance as additional source of IGR for states

Thomas Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has called on state governments to domesticate compulsory insurances in their domains and leverage it to create additional source of Internally Generated Revenue (IGR). The Commissioner for Insurance, Sunday Thomas, who said this yesterday in Ado-Ekiti, […]