Insurance

Insurance

AIICO partners NGO to feed 300 underprivileged families

AIICO staff distributing to people in the community Leave a comment and share Chuks Udo Okonta MD/CEO, Babatunde Fajemirokun AIICO Insurance Plc, in partnership with We Stand Foundation, recently organised a Feeding Relief Programme to cater to the needs of underprivileged people in Lagos. Three hundred (300) families within the […]

Insurance

Significant COVID-19 impact on marine insurance

IUMI president Richard Turner By Ranamita Chakraborty The uncertainty stemming from the coronavirus pandemic has significantly affected the global insurance industry and, inevitably, that has impacted the marine sector, according to IUMI president Richard Turner. Mr Turner was speaking during a keynote address to the International Union of Marine Insurance […]

Insurance

Insurance policyholders win Covid-19 UK high court test case

UK holders of business interruption insurance have won a “significant” victory in a high court test case to determine whether the coronavirus pandemic should trigger payouts under their policies. Lawyers acting for the financial conduct authority (FCA) , which brought the case on behalf of the policyholders, said the judges […]

Insurance

Firms partner to launch intelligent insurance claims solution

SilverBridge and Astute Financial Services Exchange have partnered to deliver a fully automated intelligent claims processing solution. The system uses Artificial Intelligence (AI) modelling of insurer expert decision-making which enables claims to be processed in real-time while providing maximum risk oversight. “Astute has a proven reputation within the insurance industry […]

Insurance

5G technology to propel insurance industry transformation

5G technology will play an increasingly role in the insurance industry, used at the beginning to the end of insurance-related processes and transforming the sector, says the secretary general of the Office of Insurance Commission (OIC) , Dr Suthiphon Thaveechaiyagarn. 5G technology will play a role in the process of […]

Insurance

US okays $1.5bln insurance for Mozambique gas project

The US has set aside US$1.5 billion for political risk insurance in the gas-rich northern Mozambique region ravaged by an Islamist insurgency for the past three years, its Maputo embassy said Thursday. The International Development Finance Corporation (DFC) has “agreed to provide up to $1.5 billion in political risk insurance […]