By Joshua Odeyemi The federal government is presently considering the possibilities of keying into the African Risk Capacity (ARC)’s insurance policies to mitigate against disasters such as flood and drought in the country . The Director General of National Emergency Management Agency (MEMA) Muhammad Sani-Sidi said at a multi-stakeholders workshop […]
Insurance
Cameroon’s insurance turnover up 12.9% in 2015
Life insurance is on the rise in Cameroon, although this product represents only 28 % of the insurance market in the country. Its turnover is more than 182 billion Franc CFA which translates to a growth of 12.94% in 2015. Jean-David Mihamle and Kenneth Karuri report.
How Do You Insure A Driverless Car?
By Jerry Albright, KPMG The question would’ve been ludicrous just a few years ago. Yet now, insurance companies are being forced to grapple with it: How do you write a policy for a car that drives itself? The development of autonomous vehicles is expected to transform the auto insurance industry […]
Nigerian Government Urged To Embrace Disaster Risk Insurance
The African Risk Capacity, a specialized agency of the African Union is asking the Federal Government of Nigeria to take advantage of the regional insurance scheme to reduce the burden of a national disaster risks financing. African Heads of States and Ministers of Finance in 2012 called for the establishment […]
Bayport Financial Services leading micro-credit service provider in Tanzania celebrates 10 years
PRESS RELEASE Bayport’s portfolio includes insurance products such as the Education Protection Policy and Credit Life policy DAR ES SALAAM, Tanzania, October 20, 2016/ — Tanzania’s leading specialist credit provider, Bayport Financial Services (www.BayportFinance.com), has over the last 10 years contributed significantly to improving the lives of thousands of Tanzanians […]
CIIN donates textbooks to Kano state, emirate
Chairman CIIN Kano Chapter, Mr Mustapha Abba, CIIN President, Lady Isioma Chukwuma, Emir of Kano, HRH Alhaji Muhammadu Sanusi II and CIIN Director-General, Mr Richard Borokini at the courtesy visit to the Emir’s Palace in Kano. Leave a comment and share Chuks Udo Okonta The Chartered Insurance Institute of Nigeria […]
South African insurer Liberty makes Botswana, Malawi acquisitions
South Africa’s No.4 insurer, Liberty Holdings, will buy stakes in two unlisted short-term insurers in Malawi and Botswana as part of its planned expansion into the rest of Africa, the company said on Wednesday. Liberty will buy Botswana short-term insurer Prefsure Limited and take a majority stake in Malawian based […]
Nigeria’s insurance industry shoulders unfair tax burden, say advisers
CFI, Mohammed Kari The insurance industry in Nigeria is fighting to reduce an unfair and overburdening tax liability. Adebayo-Begun Oluwatomisin, senior adviser at KPMG Nigeria highlights the big issues affecting the sector, from what is being done to address these challenges to which countries provide a tax structure that supports […]
AIG to Sell Some Latin American and European Operations to Fairfax
American International Group Inc. has agreed to sell some of its Latin American and European property-and-casualty insurance operations to Fairfax Financial Holdings Ltd., as the global insurer continues a campaign to narrow its focus and boost financial results. The deal, which was first reported by The Wall Street Journal and […]
Property insurance sector faces constraints
Siseko Njobeni S&P Global has warned that the South African property and casualty insurance sector would experience constrained real premium growth in the next two years because of weak economic growth prospects. The agency said near stagnant economic growth had dimmed the property and casualty markets’ growth prospects. “South Africa […]
