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 […]
Insurance
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 […]
Insurance brokers in liquidity crisis following Treasury cash guidelines
Nelson Omolo By BRIAN NGUGI Insurance brokers have since last year grappled with tight liquidity that has threatened their business following introduction of new cash rules, the trade umbrella association says. Chairman of the Association of Insurance Brokers of Kenya (AIBK) Nelson Omolo said many brokers have opted to close […]
Insurance cover for banking transactions begins October, says NIBSS
Banking transactions will, from next month, be fully insured and risks associated with them underwritten by insurance companies, the Managing Director, Nigeria Interbank Settlement System (NIBSS) ,Ade Shonubi, has said. Shonubi, who spoke at a briefing in Lagos, at the weekend, said banks and NIBSS approached insurance companies and operators, […]
RIMSON presents book on risk management
Leave a comment and share Chuks Udo Okonta The pivotal place of risk management for the survival of government and enterprises is being advocated in the book, entitled “Risk Management and Other Professions” to debut in Lagos on Wednesday, October 5, 2016. Venue is the Nigerian Institute of International Affairs, […]
CIIN vindicates Kari, publishes his documents
Kari Leave a comment and share Chuks Udo Okonta The Chartered Insurance Institute of Nigeria (CIIN), has put to rest the rumour milling around about the insurance qualifications of the Commissioner for insurance, Mohammed Kari, by publishing his certification documents. Inspen gathered that some aggrieved insurance operators recently went to […]
Average UK car insurance bill rose by 13% over past year
A surge in expensive claims, repairs and an imminent tax rise are all to blame, says Consumer Intelligence Average car insurance bills have jumped by more than 13% over the past year following a surge in costly claims, according to new data. Motorists appear to be paying the price for […]
Life insurance under pressure
BY STEPHEN CRANSTON It’s been a long six weeks and the life offices have finally ended their mid year reporting season. Like those of all the major banks, the share prices of the life insurers are all down year on year, with two exceptions: Sanlam and Rand Merchant Investment (RMI) […]
SIC Insurance wins Best Insurer award for 2015
Osabarima Ansah Sasraku (right), Board Chairman, Ghana Reinsurance Company Limited, presenting the General Business (2015) award to Mr Eric Kwabena Sarpong (middle), Head of Reinsurance, Ghana Union Assurance, at the Ghana Reinsurance awards ceremony held in Accra. Picture: KWABENA ASAMOAH ADDAI CHARLES ANDOH SIC insurance company limited has been adjudged […]
