Nigeria-based Africa Reinsurance Corporation has joined the Dubai International Financial Centre (DIFC) and will operate as ‘Africa Re Underwriting Agency Ltd (Africa Re).’ Image Credit: Nigeria-based Africa Reinsurance Corporation has joined the Dubai International Financial Centre (DIFC) and will operate as ‘Africa Re Underwriting Agency Ltd (Africa Re).’ The company […]
Insurance
Insurance industry digital platform to expose claims defaulters
From left: Deputy Commissioner, Technical, NAICOM, Sabiu Bello Abubakar; Director, Research, Statistics and Publications, Alhaji Adamu Balanti and Head, Corporate Communications & Market Development, Rasaaq Salami at the event. Leave a comment and share Chuks Udo Okonta The anticipated insurance industry digital platform anchored by the National Insurance Commission (NAICOM) […]
Ethiopian Air unveils COVID-19 insurance cover
Ethiopian Airlines (Ethiopian) has announced that it will cover the medical insurance including repatriation, evacuation and quarantine costs related to COVID-19 from 1 October 2020 to 31 March 2021. The coverage is applicable to all Ethiopian’s international flights booked with the airline’s tickets. The global cover, Sheba Comfort, was introduced […]
NAICOM ‘ll not fail Nigerians – Thomas
Thomas Leave a comment and share Chuks Udo Okonta The leadership of National Insurance Commission (NAICOM) will not fall President Muhammadu Buhari and Nigerians, the Commissioner for Insurance, Sunday Thomas, has said. Thomas said this at the just concluded 2020 NAICOM Seminar for Insurance Journalists, at Uyo, Akwa Ibom State. […]
NAICOM prepares insurers for takeoff of digital portal
From left: Deputy Commissioner, Technical, NAICM, Sabiu Bello Abubakar; Director, Research, Statistics and Publications, Alhaji Adamu Balanti and Head, Corporate Communications & Market Development, Rasaaq Salami at the event. Leave a comment and share Chuks Udo Okonta Determined to elevate the nation’s insurance sector to a globally compliant entity, the […]
NAICOM to unveil IT guidelines for insurance sector
Thomas Leave a comment and share Chuks Udo Okonta Information Technology (IT) guidelines that would revolutionised insurance operations would be unveiled very soon, the Commissioner for Insurance, Sunday Thomas, has said. Thomas disclosed this yesterday at the dinner of 2020 Seminar for Insurance Journalists, holding at Uyo, Akwa Ibom State, […]
Motorists to pay Sh3,000 via insurance for road damages
Motorists will pay up to Sh3,000 through their annual car insurance to cover for damages of road assets if amendments to law are adopted. The Kenya Roads Board (KRB) is seeking to set aside between Sh500 and Sh3,000 from the annual third party covers to be spent on replacement of […]
PenCom approves appointment of Mrs. Idu Okwuosa as MD Access Pension Fund Custodian
Mrs. Idu Okwuosa Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has approved the appointment of Mrs. Idu Okwuosa as the Managing Director of Access Pension Fund Custodian Limited. PenCom stated this in a publication entitled: ‘Approval for Appointment to Board and Top Management Positions’ […]
UK:Government finds insurers ‘disappointing’
By Anoop Khanna The UK government has criticised as ‘disappointing’ the approach by a number of insurers in deducting the impact of government grants from COVID-19 claims payments. In a letter addressed to the Association of British Insurers (ABI) on 25 September 2020, Britain’s economic secretary to the treasury and […]
Motor insurers should partner with car-sharing firms
By Ranamita Chakraborty The insurance industry faces significant implications as COVID-19 lockdowns and an increase in working from home worldwide has limited the need to own private vehicles which will cause more consumers to consider new models of vehicle ownership The number of private motor insurance policies in force is […]
