By Osama Noor Africa is one-step closer to an insurance solution for future pandemics, after Africa Risk Capacity (ARC) and Africa Centres for Disease Control and Prevention announced two modelling solutions for pandemic risk: COVID-19 Potential Outcomes Scenarios and COVID-19 Spread Simulation Tool for Africa. The tools will help African […]
Insurance
African Trade Insurance Agency appoints Manuel Moses new Chief Executive Officer
Manuel Moses Leave a comment and share Chuks Udo Okonta Manuel Moses, a veteran of the World Bank’s IFC, has been appointed the new Chief Executive Officer of African Trade Insurance Agency (ATI) (http://www.ATI-aca.org). He will assume office on 1 November, 2020; In the interim, Ms. Toavina Ramamonjiarisoa, ATI’s Chief […]
Allianz appoints Deon Venter as Head of Allianz Risk Consulting in Africa
Deon Venter Allianz Global Corporate & Specialty (AGCS) appointed Deon Venter as Head of Allianz Risk Consulting (ARC) in Africa effective August 1, 2020. He reports to Eva Poujardieu, ARC’s Regional Manager for the Mediterranean and Africa Region at AGCS and Thusang Mahlangu AGCS CEO in South Africa. Deon joined […]
NIA courts House of Representatives on insurance growth, visits Gbajabiamila
Speaker of House of Representatives, Rt. Hon. FEMI GBAJABIAMILA (middle) flanked by NIA Chairman Mr. Ganiyu Musa and Director General of the Association, Mrs. Yetunde Ilori and other Principal Officers of the National Assembly and a delegation of the Association. Leave a comment and share Chuks Udo Okonta Chairman of […]
Recapitalisation: NAICOM to commence capital verification on September 21
Leave a comment and share Chuks Udo Okonta The National Insurance Commision (NAICOM) has said verification of capital raised in the ongoing recapitalisation will commence on September 21, 2020. Director, Policy and Regulations, NAICOM, Pius Agboola, stated this today, in a circular, he signed for the Commissioner for Insurance, Sunday […]
African Alliance earns ISO 22301:2012
Leave a comment and share Chuks Udo Okonta Nigeria’s foremost life insurer, African Alliance Insurance Plc, has been awarded the ISO 22401:2012 certificate for Business Continuity Management (BCM). The certificate which was awarded by the Professional Evaluation and Certification Board (PECB) signifies that African Alliance has met the requirements for […]
Royal Exchange General posts N10.58bn gross written premium in 2019
From left: Director, Royal Exchange General Insurance Company Limited, Adejumo Adeyemo; Executive Director, Mrs. Jane Ekomwereren; Company Secretary, Ms. Sheila Ezeuko; Managing Director, Benjamin Agili and Director, Nnamdi Oragwu at the event in Lagos. Leave a comment and share Chuks Udo Okonta Royal Exchange General Insurance Company (REGIC), one of […]
European insurers remain exposed to high risks
By Ranamita Chakraborty The recently updated Risk Dashboard from the European Insurance and Occupational Pensions Authority (EIOPA) found that the risk exposures of the EU insurance sector remain generally high compared to April as a result of the COVID-19 outbreak. This dashboard is based on Solvency II data and summarises […]
Reps probe alleged $179m NNPC insurance policy
Leave a comment and share The House of Representatives today began investigative hearing into $179 million premium allegedly paid by Nigerian National Petroleum Corporation (NNPC) and Joint Ventures (JVs) for non-existing assets overseas as well as the implementation of insurance policies of other Ministries, Departments and Agencies (MDAs). The Will […]
Insurance firms can beat Covid-19 by innovating
BY JADIAH MWARANIA The insurance and reinsurance industry has no doubt been greatly affected by the global pandemic. Just like other businesses, reduction in sales and revenue has been felt across board. This should not destabilise the insurance and reinsurance industries at all. As a matter of fact, this is […]
