Leave a comment and share Chuks Udo Okonta The insurance sector contracted by 28.15 per cent in the second quarter of this year, the National Bureau of Statistics (NBS), has said. The NBS disclosed this in its Gross Domestic Product (GDP) report for the second quarter of 2020. The bureau […]
Insurance
Life insurers register 2357 annuitants in three months
Leave a comment and share Chuks Udo Okonta Life insurance companies registered 2,357 annuity subscribers in three months the National Pension Commission (PenCom), has said. PenCom stated this in a recent report, stressing that it approved a total of 2,357 applications for retirement under life annuity between July to September […]
Kenya farmers receive SH117.5m insurance payout
On Wednesday, the Kenyan government in partnership with six underwriters in the Crop insurance programme (CIP) released Sh117.5 million in compensation to 25,000 smallholder farmers in 28 countries for climate-related crop losses. The programme is aimed at revolutionizing how Kenyans practice farming. It involves local underwriters such as APA, Amaco, […]
Reinsurers’ COVID-19 bill triples as claims start to emerge
By Anoop Khanna Europe’s four biggest reinsurers racked up an additional EUR3.46bn ($4.1bn) of coronavirus claims and reserves between them in the second quarter, taking the total for the first half of the year to EUR4.9bn, according to S&P Global Market Intelligence. More claims are likely to come in amid […]
More US consumers shop for motor insurance despite COVID-19 challenges
By Ridwan Abbas Even with the ongoing economic impact of the COVID-19 pandemic, overall personal auto insurance shopping rates in the first half of 2020 surpassed 2019 levels. The 2020 Insurance Shopping Annual Report by TransUnion found overall shopping rates were higher year over year in the first few months […]
Anchor Insurance managing director loses father
Late Elder James Ebose Ogbole Leave a comment and share Chuks Udo Okonta The Managing Director/CEO, Anchor Insurance Company Limited, Ebose Augustine, has lost his father, Elder James Ebose Ogbole to the cold hand of death. Elder Ogbole took a bow on Wednesday morning at Irrua Specialist Hospital, Edo State, […]
ILS Retrocession Capacity Further Squeezed in the Pandemic Era
Leave a comment and share Although the losses from previous years’ catastrophe events and the resulting trapped capital have been problematic for the entire insurance-linked securities (ILS) market, the strain is most visible in the retrocession (retro) segment, where capacity has tightened and rates have spiked, according to a new […]
Legendary pioneer CFI, Chief Eugene Okwor is 80
Okwor Life is nothing but what mortals put into it! According to Frantz Fanon, in his book: “wretched of the earth”, “Any man wrapped in himself would only make a small package”. These wise sayings typify the generous life of one of Nigeria’s finest citizens and professionals, Chief Eugene Amechi […]
Cornerstone Insurance posts N13.05bn gross premium written
From left: Tokunbo Bello, Executive Director, Technical/Operations; Ganiyu Musa, Group Managing Director/CEO; Segun Adebanji, Chairman of the Board; Chidinma Onwubere, Company Secretary; Steven Iwenjora, Non-Executive Director; & Chidiebere Nwokeocha, Executive Director, Business Development all of Cornerstone Insurance PLC. at the 28th Annual General Meeting of the company held Wednesday in […]
Anchor Insurance boss implores media practitioners to sustain insurance awareness
Executive Director, Technical, Anchor Insurance, Adebisi Ikuomola Leave a comment and share Chuks Udo Okonta The Managing Director/Chief Executive Officer (CEO) Anchor Insurance Limited, Ebose Augustine has appealed to media practitioners to sustain the promotion of insurance awareness, which will help to deepen insurance penetration in the country. Ebose said […]
