Dutch men commit insurance fraud more often than women, according to figures released by the Dutch insurers’ association. The association found that almost 70% of registered fraudsters are men, 25% are female, and the remainder are companies. Vehicle insurance fraud is the most common form of fraud, followed by fire […]
Insurance
Professional Indemnity Insurance in France
NEW YORK, May 12, 2016 /PRNewswire/ — Professional Indemnity Insurance in France is a report about the French market for and distribution of policies covering professional liability. For 2011, 2015 and with a forecast for 2019, the study breaks down the market for professional indemnity insurance on a standardised basis […]
Weak rand poses real threat for the insurance industry
A sustained weak currency could catapult the sector into a struggling third world industry. Anees Vazeer The South African insurance industry needs innovative solutions to counteract the negative impact of the dramatic depreciation in the value of the rand since December 2015. A sustained weak currency poses the real threat […]
Professional Indemnity Insurance in Canada
NEW YORK, May 11, 2016 /PRNewswire/ — Professional Indemnity Insurance in Canada is a report about the Canadian market for and distribution of policies covering professional liability. For 2011, 2015 and with a forecast for 2019, the study breaks down the market for professional indemnity insurance on a standardised basis […]
43rd AIO Conference 2016 – Day 3
A lot of interesting and positive things have come out of the 43rd AIO Conference and General Assembly. Overall, it seems that things are still looking good for insurance business in Africa, with good growth forecast across the continent, despite terrorism and political turbulence rearing their heads in certain parts […]
Equity Group Pauses Africa Expansion Plans as Economies Slow
Bank to focus on growing existing operations, adding branches Ambition to be in 15 countries in 10 years unchanged, CEO says Equity Group Holdings Ltd., Kenya’s biggest bank by market value, put plans to expand into five other African countries on hold after sliding prices for commodities from oil to […]
Africa accounts for 1.4% of global insurance premium
The President, African Insurance Organisation (AIO), Mrs. Lamia Ben Mahmoud has lamented that Africa’s share of global insurance premium remains low at 1.4 per cent. She added that penetration remained low with a premium/gross domestic product (GDP) ratio not exceeding one per cent in some countries. This is below the […]
Premium flight harms African growth prospects: AIO
Matthew Neill African insurance companies are struggling to stop premiums leaving the region as foreign competition and a dearth of local skills harms their growth potential. In its first African Insurance Barometer, the African Insurance Organisation (AIO) said that 90 percent of executives based in the region that it polled […]
Insurance giant Axa set to create 80 call centre jobs
The firm is adding new customer service jobs to its Springtown Business Park base. The roles will include a range of customer service, claims and sales operations. Axa has been based at its Springtown Business Park site since 2007 and the new roles will bring job numbers to more than […]
AIICO Insurance grosses N9.94bn premium income
AIICO Insurance Plc has recorded a profit before tax of N1.4 billion in the financial year 2015 as against the N3.1 billion it recorded in 2014. This was made known in the company’s 2015 full year audited financials posted on its website. The company held its 46th Annual General Meeting […]
