Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) said it has found under the table arrangements where insurance policies are being offered in conjunction with various state governments to unsuspecting public. The Commissioner for Insurance Mohammed Kari, disclosed this at the 2016 annual Chief Executive […]
Insurance
Sovereign Trust Insurance pays N.3bn claims in first quarter 2016
Soyinka Leave a comment and share Chuks Udo Okonta Sovereign Trust Insurance Plc has continued to demonstrate avowed commitment towards prompt claims settlement as the underwriting firm paid out a total sum of N386,933,565.26, as claims in the first quarter of the year. A statement released by the organisation stated […]
Half of British motorists admit they’re perplexed by what they pay for car insurance and how it’s worked out
By ROB HULL What am I covered for? Co-op’s survey found many people didn’t understand what their policy covered. Some 42 per cent of motorists didn’t know their insurance provides cover if another driver claims personal injury compensation following an accident that is their fault The vast majority of motorists […]
Aregbesola Tasks Insurance Brokers On Nigeria’s Economic Recovery
President, Nigerian Council of Registered Insurance Brokers (NCRIB), Kayode Okunoren decorating the Executive Governor of Osun State, Ogbeni Rauf Aregbesola with NCRIB Fellowship Award during a courtesy visit of NCRIB team to Osun State Government Office to mark the commencement of 2016 CEOs Retreat. The Governor of Osun, Ogbeni Rauf […]
Liberty Holdings eyes First Mutual
By Chris Muronzi South Africa’s Liberty Holdings Limited is interested in acquiring First Mutual Holdings Limited South African financial services group Liberty Holdings Limited is eyeing growth in the Zimbabwean market amid indications this week that the company is interested in acquiring a controlling equity stake in First Mutual Holdings […]
UK to Have $2.9 Bln More to Spend on Farming, Insurance Outside EU
The United Kingdom could free up some 2 billion pounds ($2.9 billion) to spend on insurance and farming if it exited the European Union and was left to decide on its own environmental policy, UK Farming Minister George Eustice said. MOSCOW (Sputnik) — According to Eustice, 2 billion pounds would […]
CIIN holds fitness walk/roadshow tomorrow
Leave a comment and share Chuks Udo Okonta The Chartered Insurance Institute of Nigeria (CIIN) will hold its annual Fitness Walk on Saturday, June 4, 2016 in Lagos. The walk which has become an annual event boasts of vast opportunities for Insurance awareness hence it has also been tagged the […]
Drivers ‘confused’ by insurers’ calculations of premiums
Drivers are baffled by calculations to determine their insurance premiums, research suggests The way motor insurance companies calculate premiums is a mystery for the majority of drivers, according to a new study. Some 51% do not understand what factors are taken into consideration for working out policy prices, the poll […]
Insurance rates going up: New concerns for Obamacare
By Ricardo Alonso-Zaldivar WASHINGTON (AP) — Fresh problems for “Obamacare”: The largest health insurer in Texas wants to raise its rates on individual policies by an average of nearly 60 percent, a new sign that President Barack Obama’s overhaul hasn’t solved the problem of price spikes. Texas isn’t alone. Citing […]
China regulator inspects insurers’ investment risk controls -paper
China’s insurance regulator has launched an inspection of insurers’ risk controls over stock, private equity and real estate investments, the official Shanghai Securities News reported on Wednesday, citing unnamed sources. The move comes as the country’s insurers report strong profits even as wider economic growth stutters and analysts warn of […]
