Summary AXA is a worldwide financial services provider which is one of the leaders in the insurance market. AXA increased year after year its paid dividend without affecting its ability to invest in new businesses. Despite the current events (low rate environment, Brexit), AXA is oversold (25% safety margin). Q2 […]
Insurance
Allianz, SOS Children’s Villages focus on social inclusion
• Global partnership aims to give young people better opportunities, skills and networks • Allianz employees run 34 times around the world at the first Allianz World Run to raise money for 12 SOS children’s villages, setting a new world record • The partnership is part of Allianz’ “Encouraging Future […]
Royal Exchange to list N3bn bonds at the Stock Exchange by October
From left: Sheila Ezeuko, group general manager/legal counsel, Royal Exchange Plc ; Ade Bajomo, executive director, market operations and technology, Nigerian Stock Exchange ( NSE); Auwalu Muktari, group managing director, Royal Exchange Plc, and Adeyinka Ojora, director, Royal Exchange Plc, during the closing gong ceremony at the NSE by the […]
Govt plans automation of insurance premium
If plans by the Minister of Finance, Mrs Kemi Adeosun, to deplore the use of technology to monitor vehicles in the country succeeds, motorist will be automatically charged insurance premium for third party motor policy, The Nation has learnt. Commissioner for Insurance, National Insurance Commission (NAICOM), Mohammed Kari, told a […]
Why Insurance Industry’s Growth in Tanzania Is Slow
The Citizen (Dar es Salaam) OPINION By Ludger Kasumuni Dar es Salaam — Tanzania’s insurance market is not growing at the required level due to lack of updated actuarial studies to ascertain market trends for designing new products and techniques of attracting new customers, stakeholder says. President of the Tanzania […]
For rejecting claim, insurance firm directed to pay Rs. 15 lakh
The District Consumer Redressal Forum, Hyderabad-lll, on July 25 directed Birla Sun Life Insurance Company Limited to pay a policy amount of Rs. 15 lakh from date of claim till realisation, along with a compensation of Rs. 2 lakh for rejecting the claim “without unjust and valid reasons”. The ruling […]
AIICO launches integrated customer focus contact centre
Leave a comment and share Chuks Udo Okonta AIICO Insurance Plc today launched a new integrated customer-focus contact centre designed to deliver consistent positive experience across all its interactive platforms. Its Managing Director/ Chief Executive Officer, Edwin Igbiti, at the launch in Lagos, said the contact centre is a […]
Experts to brainstorm on creating robust pension benefits for retirees
How to create a robust pension benefits for retirees would be the focus in the 2015 Nigerian Insurance and Pension (Inspen) Awards. A statement by the Chief Executive Office Inspen Media, Chuks Udo Okonta, said experts drawn from insurance and pension sectors would be on hand to seek solution to […]
Why insurers can’t underwrite full travel insurance
Leave a comment and share Chuks Udo Okonta Lack of necessary infrastructure has been identified for insurers’ inability to wholly underwrite travel insurance. According to the Accident Office Committee of the Nigerian Insurers Association (NIA), inadequate infrastructure has forced local underwriters to continue to collaborate with foreign health providers in […]
Continental Reinsurance posts N19.7bn GPI
Leave a comment and share Chuks Udo Okonta Continental Reinsurance Plc reported profit before tax of N2.92billion in 2015, up from N1.59billion the previous year, an increase of 83.61%. its Gross premium income was N19.7billion, up from N16.4billion in 2014. Shareholders’ dividend payout has also grown at an annual growth […]
