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 […]
Insurance
NAICOM exposes draft roadmap for risk based supervision
Kari Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) today exposed the draft roadmap of the industry’s risk based supervision for insurance operators to make their recommendations. The draft was unveiled by the Commissioner for Insurance Mohammed Kari, at the Insurers Committee meeting in Lagos. […]
Insurance rebranding project starts first quarter 2017
Mrs Ebelechukwu Nwanchuku (2nd left) and other committee members at the event. Leave a comment and share Chuks Udo Okonta Insurance operators have moved the takeoff date for the industry’s rebranding project to first quarter 2017, Inspen can report. The project which was initially billed to commenced this month, was […]
Matthew May Cost Insurers as Much as $8.8 Billion, AIR Says
By Oliver Suess @OliverSuess Hurricane Matthew, which devastated parts of the Caribbean before battering the U.S. East Coast, may cost insurers as much as $8.8 billion, according to AIR Worldwide. The catastrophe-modeling firm estimates insured losses range from $2.2 billion to $6.8 billion for the U.S. and from $600 million […]
Almost half of people believe there are few downsides to making false insurance claims – new research
A small number of people believe that there are sufficient legal deterrents to tackle insurance fraud. And almost half of those surveyed believe that there are few downsides to making a false or exaggerated claim. Just 13pc of those in the 45 to 55 age group, and 7pc in the […]
Francophones Disregard ECOWAS Brown Card Issued In Ghana
The Ghana Haulage Transport Association has accused some Francophone countries in the West Africa sub-region of constantly harassing and showing very little respect for the ECOWAS Brown Card Insurance issued by insurance companies in Ghana. The President of the association, Alhaji Abdulai Baba, told the Daily Graphic that many Ghanaian […]
FBNInsurance, General redefine underwriting with array of products
From Left: Olumide Ibidapo, Head Technical, FBNGI; Adeola Adekunle, Head ERM & Annuity Services, FBNI; Bode Opadokun, MD/CEO, FBNGI; Val Ojumah, MD/CEO, FBNInsurance Limited; Olasupo Sogelola, Head, Brokers Market & Public Sector; Kelvis Eikponobhoa, Retail Distribution, FBNI; Elizabeth Agugoh, Head Marketing & Corporate Communications, FBNI; Babafemi Ayotunde, Retail Distribution, FBNI […]
Photo: Faces at the FBNI Media Product fair for FBNInsurance, FBN General Insurance
From Left: Olumide Ibidapo, Head Technical, FBNGI; Adeola Adekunle, Head ERM & Annuity Services, FBNI; Bode Opadokun, MD/CEO, FBNGI; Val Ojumah, MD/CEO, FBNInsurance Limited; Olasupo Sogelola, Head, Brokers Market & Public Sector; Kelvis Eikponobhoa, Retail Distribution, FBNI; Elizabeth Agugoh, Head Marketing & Corporate Communications, FBNI; Babafemi Ayotunde, Retail Distribution, FBNI […]
Embroker Launches First Digital Brokerage for Business Insurance
/PRNewswire/ — Embroker, the first modern business insurance platform designed to improve how companies of all sizes buy and manage insurance coverage, today announced the public launch of its technology platform. The system allows businesses to digitize existing policies and data, analyze, compare, buy new coverages, and file and manage […]
Old Mutual tipped to sell UK operations for £4 billion
By Paul Lucas In what could be a further sign of consolidation in the life insurance and wealth management industries, South African insurance giant Old Mutual is being tipped to sell its UK operations, Old Mutual Wealth for a possible £3 billion to £4 billion. According to a Financial Times […]
