Within the first year of operating, FNB Life was recognised as one of most innovative insurance players globally at the inaugural Efma and Accenture Innovation in Insurance Awards 2016, recently held in Milan. The insurance administrator was the only South African insurance business to be acknowledged at the awards. The […]
Insurance
Heritage insurance suspended by Zim regulator
Zimbabwe’s insurance regulator has suspended short-term insurance firm, Heritage, from issuing or renewing policies due to poor financial position. The Insurance and Pension Commission said it will provide the market with updates on the companies under suspension as and when any notable developments are reported. Heritage joins the likes of […]
Insurers target youths in multi-billion rebrand project
From left: Managing Director Mutual benefits General Insurance, Segun Omosehin; Vice Chairman Sub Committee Publicity of the Insurers Committee, Ebelechukwu Nwachukwu and a member of the committee at the event. Leave a comment and share Chuks Udo Okonta Getting the youths to embrace insurance is the core mandate in the […]
11.4 million cars on SA roads not insured
A staggering 11.4 million cars in South Africa take to the roads every day without insurance cover. A further 800,000 vehicles are either unregistered or classified as unroadworthy. This is according to the Automobile Association of South Africa, which warned yesterday that uninsured motorists – who make up between 65% […]
Insurers shop for volunteer professional teachers
From left: Director-General Chartered Insurance Institute of Nigeria, Richard Borokini; President, Lady Isioma Chukwuma and Deputy President, Mrs Funmi Babington-Ashaye at the event. Leave a comment and share Chuks Udo Okonta The Chartered Insurance Institute of Nigeria (CIIN), has implored insurance professionals to volunteer as teachers and lecturers, so as […]
Axa: Investors Face Risks in Insurance Revolution
Europe’s second-biggest insurer is facing the need for radical change, but it is a hard time to do it By PAUL J. DAVIES High risks should bring high rewards. Europe’s second biggest insurer, Axa, is beginning a radical and risky overhaul of its business model and staff under a new, […]
Old Mutual shortlists four funds for Italian wealth unit deal, say sources
LONDON — Four private equity funds have made it through to the final stages of an auction to buy the Italian wealth arm of Old Mutual as the financial services group presses ahead with a break-up plan, sources familiar with the matter said. European private equity firm Cinven has moved […]
Ecobank launches “Move on Up” consumer campaign
The Ecobank Group has launched a new fully integrated consumer advertising campaign – Move on Up – centered on the bank’s drive to ensure that consumers have world-class accessible and convenient digital banking solutions across Africa. The bank unveiled the campaign at its head office in Lomé, Togo to shareholders, […]
Mwanza RC Vows to Curb Production of Fake Insurance Stickers
By Moses Matthew Mwanza regional authorities have vowed to deal with people, who ruin the insurance market by producing and selling fake motor insurance stickers in the region. Speaking during the launch of BRITAM, a new brand and tailor-made services to the lake zone yesterday here, the Mwanza Regional Commissioner […]
Marsh takes over Angolan energy mega-account
Adam McNestrie AAA Reinsurance Brokers has lost its major account to place the reinsurance cover for the whole Angolan energy industry to Marsh, The Insurance Insider can reveal. Sources said that a change in political sentiment had caused a restructuring of the way in which energy insurance is being purchased […]
