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Insurance

Insurers Out to Let Industry Work for Africa

About 150 insurance practitioners from West Africa are meeting in Banjul to discuss ways and means of further growing the industry, through indigenisation and reaching out to the grassroots with insurance policies. The delegates, mainly from Ghana, Nigeria, Liberia, Sierra Leone and The Gambia, are brainstorming on the theme: ‘Africa […]

Insurance

Zurich Insurance to cut 440 jobs in UK

Move is part of cost-cutting program Zurich Insurance plans to cut 440 jobs at its UK general-insurance unit as part of a cost- cutting program announced in May. Switzerland’s biggest insurer will announce the plan on Monday, according to Alex Jones, a spokesman for Zurich in London. Zurich on Nov. […]

Insurance

Insurers settle $16 billion Canterbury claims

The Insurance Council of New Zealand announced today that private insurers have settled $15.9 billion in Canterbury earthquake claims in its latest release of quarterly progress data. Insurance Council (ICNZ) Chief Executive Tim Grafton says insurers have now settled 70% of over cap residential Canterbury earthquake claims in what reinsurers […]

Insurance

Investment in IT key to Nigeria’s growth, says NAICOM chief

Nigeria must invest heavily in technological development and management, which will in turn aid growth and suitable competitiveness in various sectors of the economy, Commissioner for Insurance, National Insurance Commission (NAICOM), Mohammed Kari has said. He made this call at the maiden conference on Management, Technology and Development of the […]

Insurance

Prudential policy leaves UK insurance division in question

The image of the “man from the Pru” — the insurance agent selling life policies door-to-door — is embedded in Britain’s national consciousness. But insurance in the UK has become increasingly less important to Prudential, as the country’s largest insurer by market value has aggressively pursued faster-growing markets, notably in […]

Insurance

NAICOM to take campaign on Insurance desks to LGAs

Leave a comment Chuks Udo Okonta There are indications that the National Insurance Commission (NAICOM) would take the campaign on establishments of insurance desks and units to the local government areas in the country. Inspen gathered that such moves would be taken in line with the decision to have the […]