UnitedHealth Group’s decision to exit most of its Obamacare health insurance exchanges next year means rivals will need to raise prices further to prop up an unprofitable business, healthcare analysts and policy experts said on Tuesday. The largest U.S. health insurer’s move would likely reduce consumer choices, particularly in states […]
Insurance
UK Q1 motor insurance rates flat – survey
British motor insurance rates held steady in the first quarter compared with the previous quarter, as January price cuts balanced out a recent rise in insurance premium tax, a survey showed on Monday. The cost of an average comprehensive motor premium held at 671 pounds ($953.09), according to the latest […]
Pan African re/insurance awards holds tomorrow
Journalists from Africa specialising in re/insurance reporting will be honoured tomorrow during the first Pan-African Reinsurance Journalism Awards. Seychelles will host the awards and the ceremony will take place tomorrow at Eden Bleu Hotel, starting at 6.30pm. Launched by Continental Reinsurance Plc, the awards seek to develop re/insurance reporting in […]
Yayale Ahmed now IGI’s Chairman
• Gowon, Alile, Olowude retire Leave a comment and share Chuks udo Okonta Former Secretary to the Government of the Federation, AlhajiYayale Ahmed, has emerged the new Chairman of Industrial and General Insurance (IGI) Plc. He replaces Gen. Dr. Yakubu Gowon, former Head of State, who has retired from the […]
IndiaFirst Life Insurance eyeing 30% growth in retail biz and other top insurance news
IndiaFirst Life Insurance is looking at 30% growth in retail premium collection in the current financial year. In 2015-16, the company’s overall premium collection stood at Rs. 1,967 crore. (FC) Insurance regulator IRDAI has imposed Rs. 15 lakh fine on DHFL Pramerica Life Insurance Company for violation of guidelines on […]
Governance, Risk and Compliance in The Nigerian Insurance Industry 2016 – Research and Markets
DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Governance, Risk and Compliance – The Nigerian Insurance Industry” report to their offering. “Governance, Risk and Compliance – The Nigerian Insurance Industry” Tweet this The ‘Governance, Risk and Compliance – The Nigerian Insurance Industry’ report is the result of extensive […]
NAICOM ‘not broke’
The National Insurance Commission (NAICOM) is not broke, the Commissioner for Insurance, Mohammed Kari, has said. He spoke in Abeokuta, the Ogun State capital, while reacting to insinuations by some operators and shareholders that the Commission has resorted to penalising them with huge fines to raise funds. The operators believe […]
Fitch: Risks Emerge from Chinese Insurers’ Offshore Investments
(The following statement was released by the rating agency) HONG KONG/SINGAPORE, April 17 (Fitch) Rapid growth in overseas investment by Chinese insurers could lead to rising risks in a number of areas, including asset-liability duration and currency mismatches, asset concentration risks and execution risks from M&A, says Fitch Ratings. Chinese […]
High piracy attacks push up marine insurance rate
Comfort Oseghale Due to increased piracy attacks in the Niger Delta region of Nigeria, Protection and Indemnity insurers, a maritime insurance association, has raised the rate of war-risk insurance for Nigeria. SUNDAY PUNCH recently reported Nigeria’s classification among high-risk countries in doing international maritime business by the Philippine Overseas Employment […]
Nigeria to host 2016 WAICA AGM, Confab
NIA’s DG, Sunday Thomas The Nigerian Insurance market will host the 38th Annual General Meeting (AGM) and Education Conference of the West African Insurance Companies Association (WAICA), the three day event is billed for April 24 – 26, 2016 at Eko Hotels & Suites, Victoria Island, Lagos. A statement by […]