By Ahmad Zaki Machine Cover, a technology company that creates parametric products for the insurance industry, has announced it is developing what is believed to be the world’s first pandemic insurance product based on parametric triggers. The Boston-based company said the COVID-19 crisis has revealed a critical gap in insurance […]
Insurance
NAICOM segments recapitalisaton, fixes September 30, 2021 as deadline
Commissioner for Insurance, Sunday Thomas Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has segmented the ongoing recapitalisation process and told insurers and reinsurers to meet 50 and 60 per cent respectively of their minimum paid-up share capital by December 31, 2020 and complete the […]
Sanlam takes 100℅ ownership of FBNInsurance
Val Ojumah, Managing Director, FBNInsurance Limited Leave a comment and share Chuks Udo Okonta South Africa’s largest insurer Sanlam SLMJ.J said on Tuesday it bought out the remaining 65 per cent stake in Nigerian insurance business FBNInsurance Limited it did not already own from First Bank FBNH.LG, deepening its presence […]
COVID-19 could revolutionise London market transactions
By Ranamita Chakraborty The COVID-19 pandemic has thrown a spotlight on the London insurance market’s modernisation efforts and could possibly accelerate some long-awaited changes to the way business is transacted in the market – revealed a new report from credit ratings agency AM Best. According to the agency, the impact […]
China:Demand for insurance products grows among female customers
By Vincent Liu Liang COVID-19 has increased awareness and demand for insurance products in China especially among certain population segments – according to a new report published by Tencent’s insurance platform WeSure together with Fudan University Department of Risk Management and Insurance and China Insurance and Social Security Research Centre. […]
Survey reveals huge challenges for insurers post-COVID-19
By Jimmy John A survey conducted by the Insurance Institute of India (III) has revealed that COVID-19 will have a long-lasting impact on the insurance sector, which will have to accelerate digital transformation and reskill the workforce to stay relevant and competitive in the future. The survey looked at the […]
International Underwriting Association supports Pandemic Re
By Anoop Khanna The International Underwriting Association (IUA) said it is committed to help mitigate the risk of – and find more effective recovery solutions for – future pandemics. IUA chief executive Dave Matcham has said, “We have been following closely the discussions on a number of different possible approaches […]
CIIN unveils new curriculum 8 course books for foundation stage
From left: Director General, Chartered Insurance Institute of Nigeria, Richard Borokini, Deputy President, Sir Muftau Oyegunle; President, Eddie Efekoha; Chairman of the Examination Committee/ Past President of the Institute Venerable Olusola Ladipo-Ajayi and Council Member, Segun Omosehin at the event. Leave a comment and share Chuks Udo Okonta The Chartered […]
Linkage Assurance assures Shareholders of meeting new capital requirement
Braie Leave a comment and share Chuks Udo Okonta Linkage Assurance Plc has assured shareholders that despite the challenges posed by the impact of COVID-19, the Company is on course to meeting the recapitalisation requirements. The Company disclosed that it is concurrently exploring all available options including Rights Issue, private […]
Indian insurers to hire large numbers post lockdown
By Anoop Khanna Indian life and general insurers anticipate a spurt in their businesses as the lockdown imposed to curb the spread of COVID-19 pandemic is relaxed. The insurers plan to add substantial numbers to their workforce soon. According to a news report published in the financial daily The Economic […]
