Membership in ATI provides African countries with additional trade and investment insurance capacity and improves risk rating for sovereign debts African countries fast-tracking membership to ATI (www.ATI-ACA.org) in response to expected trade and investment insurance capacity impact from COVID-19 Togo becomes 18th African country to join ATI, with a shareholding […]
Insurance
COVID-19:Old Mutual Nigeria activates e-claims channels
Alero Ladipo Leave a comment and share Chuks Udo Okonta As businesses lockdown to halt the fast-spreading COVID-19 pandemic in Nigeria, Old Mutual Nigeria, has launched an electronic channel to ensure unbroken and convenient access to insurance benefits for its customers. The firm, which is the Nigerian subsidiary of the […]
N11bn life insurance cover for 5000 health workers fighting against COVID-19
Thomas Leave a comment and share Chuks Udo Okonta The Nigerian Insurance Industry has supported the Federal Government of Nigeria by providing N11 billion life insurance cover to the frontline health workers employed in the fight against COVID-19. The Acting Commissioner for Insurance, Sunday Thomas, disclosed this in a statement […]
Egypt:AXA partners Uber to provide healthcare workers with free trips, meals
By Cynthia Ang AXA Egypt has collaborated with Uber and Uber Eats to provide 20,000 free trips and meals to frontline healthcare workers. The move comes after close collaboration with the Egyptian Ministry of Health and Population to ease the burden of healthcare workers in four quarantine hospitals in Cairo […]
Insurance industry in UK comes together to develop pandemic cover
By Anoop Khanna Several heads of the UK insurance industry have formed a steering committee to work with government-backed terrorism reinsurance fund Pool Re to develop a pandemic cover. According to a news report by Reuters, the steering group, which is chaired by Convex group chief executive officer Stephen Catlin, […]
AM Best maintains French non-life insurance market outlook at stable
AM Best is maintaining its market segment outlook on the French non-life insurance market at stable. Key supporting factors include the sector’s resilient underwriting performance against a backdrop of significant competition, modest but regular price increases in core classes of business and good diversification by class of business. A new […]
COVID-19 Palliatives: Leadway Assurance gives back to Motor insurance clients
Tunde Hassan-Odukale Leave a comment and share Chuks Udo Okonta As we continue with lockdown due to the need to “flatten the curve” on the Coronavirus pandemic which has impacted heavily on social life, businesses and recreation across the world, one of Nigeria’s leading insurers, Leadway Assurance Company Limited has […]
COVID-19: How insurance brokers, agents are coping amid lockdown
Leave a comment and share Chuks Udo Okonta Insurance brokers and agents are frontline practitioners in the insurance business value chain, contributing about 80 per cent of the industry’s yearly gross premium income. The outbreak of the coronavirus (COVID-19) pandemic which has led to lockdown of economic activities almost across […]
Insurer to give additional benefits for COVID-19 claims
By Jimmy John Tata AIA, a private life insurer in India, has announced additional benefits to its individual policyholders and its agents for COVID-19. All individual policyholders of the company will get additional benefit equal to the base sum assured or INR 500,000 ($6,500) whichever is lower for valid death […]
Ireland finance minister calls for motor insurance refunds due to lockdown
By Ahmad Zaki In another chapter of the ongoing clash between insurers, governments and consumers, Ireland’s minister for finance Paschal Donohoe has advised insurers to offer refunds to motorists as traffic has all but halted during the coronavirus crisis at a time when profits are high. At a virtual meeting […]
