Leadway Assurance Company Ltd. has indicated interest to partner Nollywood on “Production Package Insurance.” Ms Olubusola Makinde, Associate Manager of the company, made the proposal on Wednesday at the ongoing 13th Abuja International Film Festival. The News Agency of Nigeria (NAN) reports that the proposal was contained in a presentation […]
Insurance
Experts harp on benefits of risk management
From left: Bishop of the Africa Church, Agege, Rt. Rev Hezekiah Adetoro; Ace Broadcaster, Traffic Radio, Victor Oteri; Executive Vice-Chairman, IBN Limited, Prosper Okpue, representative of Manufacturers Association of Nigeria (MAN), Oluwasegun Oshidipe; Author, Jacob Adeosun; Mrs Adeosun and Managing Director FBNInsurance Val Ojumah at the event Leave a comment […]
African non-life premiums stand at $20.4bn
Non-life premiums in Africa amounted to $20.4bn in 2015, according to a report released by consultancy Dr Schanz, Alms & Company. The report found that the $20.4bn represented about 1 percent of global non-life premiums. Net of inflation, the Republic of Congo, Ghana and Kenya recorded the steepest growth of […]
Brexit to push UK insurers into Africa, emerging markets
UK’s terms of departure to affect London’s £60bn insurance market, says Norton Rose Fulbright. Prinesha Naidoo Competition among insurance providers in emerging markets is set to intensify, as the UK’s plans to leave the European Union (EU) hasten London-based insurers’ moves out of Europe. According to Liam O’Connell, a London-based […]
Africa’s reinsurance market expected to grow despite challenges
Africa’s reinsurance markets are expected to benefit from strong underlying growth driven by an expansion of its primary markets with insurance premiums reaching $64 billion. This is according to an annual survey, ‘Africa Reinsurance Pulse’, conducted by Dr Schanz, Alms & Company and facilitated by Africa Re. Based an abundance […]
Shamsudeen wants insurers to consolidate
From left: Anna Frick, Talent Acquisition Specialist, World Bank Group (WBG), Washington D.C; Chude Ezinwa, Senior HR Specialist, World Bank (Central and West Africa Regions); Richard Borokini, DG, CIIN; Andrew Cross, Deputy Treasurer, Singapore, WBG; Deputy Director General, CIIN, Uju Ndubisi-Chukwu; Mrs. Allen, CEO, ; President/Chairman Council Chartered Insurance Institute […]
Almond set to host 2016 insurance consumers forum
Faith Ughwode Leave a comment and share Chuks Udo Okonta Almond Productions Limited, promoters of the Annual Insurance Consumers Forum is set to host the programme once again in Lagos. The Insurance Consumers Forum (ICF) which started in 2013 provides a robust platform for interaction between Insurers and the Insuring […]
STI boss urges entrepreneurs to sustain wealth with insurance
Soyinka Leave a comment and share Chuks Udo Okonta The Managing Director and Chief Executive Officer of Sovereign Trust Insurance Plc, Olaotan Soyinka, has urged Nigerian young entrepreneurs to embrace the culture of insurance at this critical period of economic recession in the country. He gave this advice at the […]
NAICOM to unveil capital base for insurance retailers
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) is almost set to unveil the capital base for firms that would help liberalised the channels of insurance distribution. Inspen gathered that the capital base, would be unveil next month, when the guidelines to regulated the firms […]
UK watchdog drops plans for review of Big Data use by insurers
Britain’s markets watchdog has dropped plans for a formal market review of whether Big Data might make it harder or more expensive for some customers to buy car and home insurance, saying there was no evidence of that so far. Insurers are increasingly using technology to extract value from large […]
