LONDON, UK, MARCH 2017 – The 20 largest European cedants have continued to buy more reinsurance as soft market conditions prevail, although the pace at which retention ratios are falling has been more subdued, according to A.M. Best. In the new Best’s Briefing, titled “European Cedants Continue to Increase Reinsurance […]
Insurance
Babington-Ashaye launches book to tackle communication gap in insurance
From left: Eniola Fadayomi, chairman, African Prudentials Plc; Nike Akande, guest of honour; Mohammed Kari, commissioner for insurance; Stella Okoli, CEO, Emzor Pharmaceutical ; Funmi Babington-Ashaye , author of the book’ Insurance in Practice’; Fola Rogers, executive director, SIFAX Group; Ajibola Ogunsola, chairman of the occasion at the official launch […]
Mutual Benefits Assurance kicks against cash payments to staff
Leave a comment and share Chuks Udo Okonta Mutual Benefits Assurance Plc, has urged its numerous customers to avoid payments of cash to staff, even as it vowed to investigate the alleged unethical practices recently reported in the media, pledging to prosecute anyone found to be complicit. Its Head, Corporate […]
AIICO Insurance flays unethical practices, reassures customers
From left: Company Secretary, Donald Kanu; Executive a Director,Babatunde Fajemirokun; Managing Director, Edwin Igbiti; Head Retail Business, Sola Ajayi, all of AIICO Insurance Plc at the event in Lagos. By Peter Egwuatu AIICO Insurance Plc, has condemned alleged unethical practice by its agents, just as it reaffirmed its commitment to […]
NAIC struggles with dissatisfied customers
Binji Leave a comment and share Chuks Udo Okonta The Acting Managing Director and Chief Executive Officer, Nigerian Agricultural Insurance Corporation (NAIC), Bashir Binji, says the firm has a lot of dissatisfied customers. Binji, who said this in an interview with a national newspaper, noted that the firm is also […]
Guinea Insurance posts N1.01bn gross premium income
Fro left: Mrs. Isioma Omoshie-Okokuku, Ag. MD; Godson Ugochukwu, Chairman BOD; Abdulkerim Oshioke Kadiri, Independent Director Leave a comment and share Chuks Udo Okonta Guinea Insurance Plc, posted a Gross Premium Income of N1.01 billion in 2015, its Chairman, Godson Ugochukwu, has said. He disclosed this during the company’s 2015/58th […]
NAICOM urged to level playing field for Nigerian reinsurers
Author: Luke Gallin Pan-African reinsurance company Africa Re has an unfair, dominant share of the Nigerian reinsurance market, which is causing local reinsurance companies to perform below expectations, according to reports from the region. This is according to online Nigerian insurance and pension news reporting website Inspenonline, which, citing an […]
Funding Stalls N300 Million Insurance Rebranding Project
By ZAKA KHALIQ The inability of most of the 58 insurance companies in the country to commit fund to the proposed N300 million insurance rebranding project is stalling the initiative, LEADERSHIP exclusively learnt. The project, which was to start initially in October, 2016, could not commence, hence, the commencement date […]
‘Drivers will pay over £1,000 for car insurance on average by 2018’
Car owners, look away now – one industry insider has warned that the average motor premium could rise to over £1,000 next year. The worrying prediction was made Confused.com, which estimates that premiums will creep up from the current £767 average due to hikes in insurance premium tax in June […]
British regulator to focus more on protecting insurance policyholders
By Huw Jones The Bank of England said it will devote greater effort to ensuring more consistent protection for those who would suffer most if their insurance policies do not pay out as promised. The move follows a review by the central bank’s Independent Evaluation Office (IEO), published on Monday, […]
