Executives of Mutual Benefits Assurance cutting the thanksgiving cake at the event. Leave a comment and share Chuks Udo Okonta The Board, Management and Staff of Mutual Benefits Assurance Plc, today rolled-out drums to worship and appreciate God Almighty for His gestures and successes recorded presently and previous years. At […]
Insurance
NIA applauds NAICOM on recapitalisation deadline extension, seeks palliatives
Mrs. Ilori Leave a comment and share Chuks Udo Okonta The Nigerian Insurers Association (NIA) has commended the National Insurance Commission (NAICOM) for its recent circular on extension of deadline for recapitalisation of Insurance and Reinsurance Companies in Nigeria, describing it as a step in the right direction. A statement […]
UK Non-Life Insurers face strong competition and claims inflation
Leave a comment and share AM Best states that market conditions for UK non-life insurers have been difficult in 2019. Against a backdrop of strong competition, companies have had to contend with changes in the discount rate used to calculate lump-sum personal injury compensation, claims inflation due to higher repair […]
Global Insurance fraud detection market size to hit $10bn by 2025
Leave a comment and share NEW YORK, Jan. 16, 2020 /PRNewswire/ — The Global Insurance Fraud Detection Market size is expected to reach $10 billion by 2025, rising at a market growth of 26.6% CAGR during the forecast period. Read the full report: https://www.reportlinker.com/p05807152/?utm_source=PRN Insurance fraud takes place when an […]
Osijo, UBA Pension Custodian CEO, Inspenonline Editor win awards
From left: Publisher/Editor, Inspenonline, Chuks Udo Okonta receiving the award from Principal Partner/Chief Executive Officer, Peninscope Professional Warranty Limited, Peter Adediji. Leave a comment and share Chuks Udo Okonta The Managing Director/Chief Executive Officer, Plum Insurance Limited, Barrister (Mrs) Laide Osijo; Managing Director/Chief Executive Officer, UBA Pension Custodian Limited, Bayo […]
Committed to professional underwriting at 25
Leave a comment and share Olusegun Bankole Sovereign Trust Insurance Plc no doubt has become a reckoning force in the Nigerian Insurance landscape. The Underwriting Firm commemorated her 25th anniversary a day after the New Yearwith a special thanksgiving held at the company’s Head Office on 17, Adetokunbo Ademola Street, […]
S.African court rules Old Mutual does not have to reinstate ex-CEO
CONTRIBUTOR : Emma Rumney Reuters JOHANNESBURG, Jan 14 (Reuters) – A South African court ruled on Tuesday that Old Mutual OMUJ.J does not have to reinstate its sacked chief executive Peter Moyo, upholding the insurance and banking group’s appeal against him with costs. Old Mutual has been locked in a […]
Exploring the uncharted frontier of farm micro-insurance
In insurance, the adverse selection problem is defined as greater tendency of those in dangerous line-of-work to purchase products such as life-insurance. Because of the information asymmetry between buyer and seller (buyers usually have more information about personal health), insurance companies hedge risk by limiting coverage or raising premiums. That, […]
South African killer gangs rent corpses to trick insurers
A mortuary in Johannesburg. Scamming syndicates often recruit an official WALDO SWIEGERS / GETTY IMAGES Corpses are being rented out from South African mortuaries to gangs who are claiming multiple payouts on life and funeral policies in a ruthless scam that costs insurers millions each year. One syndicate is alleged […]
Guideline empowering insurance agents to sell annuity coming soon – NAICOM
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) and National Pension Commission (PenCom) will soon unveil a guideline which will empower insurance agents to sell benefit annuity products, Inspenonline can report. This was disclosed by a member of staff of NAICOM, who said the insurance […]
