By Bella Genga A push by Kenyan regulators to clean up the East African country’s insurance industry is poised to trigger stake sales or exits by underwriters unable to meet the new capital requirements, according to an industry group. Most companies missed a June deadline to start building capital levels […]
Insurance
FBN General Insurance guns for retail business
From left: Chinyere Elue, Head, Business Development, Lagos Mainland, FBNGI; Bode Opadokun, MD/CEO, FBNGI; Olumide Ibidapo, Head, Technical and Branch Operations, FBNGI; Shola Osho, Head, Business Development, Lagos Island, FBNGI at the Media Parley held to announce the appointment of the new MD/CEO of FBN General Insurance. Leave a comment […]
UK IFA launches new life cover service for British expats
By Monira Matin Unusual Risks, a UK-based mortgage and insurance advice firm has launched a new service aimed at providing life insurance to British expat living abroad. The firm said the new fee-based offering was created off the back of its Expatriate Life Insurance Survey 2016, which found that just […]
Establish an insurance company, commercial drivers urged
By Felicia Yeboah-Akpoh Jacob Allotey-Jacobs, a member of the National Petroleum Authority (NPA), has called on commercial drivers to established an insurance company to generate additional income to boost their resources. He said as practiced in other countries, drivers could form a company, pay their premium and invest the proceeds […]
UK motor insurance premiums increase – survey
The cost of British car insurance rose 6.5 percent in the second quarter compared with the previous three months, website Confused.com said, with the increase blamed on higher prices for repairing more complex vehicles. The cost of an average comprehensive motor premium rose to 715 pounds ($928) in the three […]
FBN General Insurance appoints Opadokun MD/CEO
Opadokun Leave a comment and share Chuks Udo Okonta FBN General Insurance Limited has announced the appointment of Olabode Opadokun as its Managing Director/Chief Executive Officer. The firm in a statement said Opadokun is a consummate financial services professional with over 27 years’ experience spanning underwriting, risk assessment, operations and […]
Proposed Divestment of IEI Plc’s 81% Equity Shareholding in IEI-Anchor Pension Managers Limited
We refer to Section 1. 10 (b) (v) of the National Insurance Commission (NAICOM) Operational Guidelines (Insurers & Reinsurers) prohibiting insurance companies in Nigeria from investing more than 25% of the proceeds of public offers and private placements of shares in non-insurance related companies or ventures. Incompliance with the guidelines […]
Research and Markets – Global Micro Insurance Market 2016-2020 with Alternative Insurance Company, Bajaj Allianz, IFFCO Tokio General Insurance, Mapfre & Pioneer Life Dominating
PRNewswire Dublin – Research and Markets has announced the addition of the “Global Micro Insurance Market 2016-2020” report to their offering. The global microinsurance market to grow at a CAGR of 8.2% during the period 2016-2020. Global Microinsurance Market 2016-2020, has been prepared based on an in-depth market analysis with […]
Small SUVs do poorly in insurance industry headlight tests
DETROIT (AP) — Small SUVs did poorly in new headlight tests performed by the insurance industry. The Insurance Institute for Highway Safety says none of the 21 small SUVs tested earned its highest ranking. The Ford Escape, Honda CR-V, Hyundai Tucson and Mazda CX-3 performed best, but more than half […]
A.M. Best Special Report: Africa’s Insurance Market Prospects Threatened by Low Commodity Prices and Political Uncertainty
LONDON–(BUSINESS WIRE)–For almost two decades, growth in the insurance markets of Sub-Saharan Africa have been buoyed by the continent’s economic boom. With average growth in gross domestic product (GDP) across the region far outpacing much of the developed world, the African continent has presented an extremely attractive environment for domestic, […]
