Kari The Commissioner for Insurance Mohammed Kari, will be the Special Guest of Honour at the 2nd Business Journal Insurance Summit 2016 scheduled for Thursday, November 17, 2016 at Protea Hotel, GRA Ikeja. Time is 10.00am. Mr. O. S. Thomas, Director-General, Nigerian Insurers Association (NIA) will Chair the event while […]
Insurance
London insurance market’s £7.4bn EU funds at risk after Brexit
By ALEX HAWKES London’s insurance market takes £7.4billion in cross-border European Union premiums that could be at risk under Brexit. The International Underwriting Association last week released premium statistics for its members, who are underwriters insuring complex commercial risks in the City outside the Lloyd’s market. About £1.4billion of premium […]
Lloyds Profit Weighed Down in 3rd Quarter by Insurance Provision
By CHAD BRAYOCT British banks continue to pay a heavy price for a contentious product they sold to millions of consumers, years after the practice ceased. On Wednesday, the Lloyds Banking Group became the latest firm to take another hefty provision — this time 1 billion pounds, or about $1.2 […]
Breaking: NAICOM relocates inspectorate directorate to Lagos office
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) today announced the relocation of its Inspectorate Directorate from the head office in Abuja to the Lagos Control office for better service delivery to stakeholders. A statement by Head, Corporate Affairs, NAICOM, Rasaaq Salami, said the relocation […]
Senator tasks FG on life insurance for NYSC members
Garba Muhammad The lawmaker representing Kaduna Central Senatorial District, Shehu Sani, has called on the federal government to either make the National Youth Service Corps, NYSC, voluntary or adopt life insurance policy for corps members. Mr. Sani made the call on Monday when he paid a condolence visit to the […]
Islamic Insurance Firms To Begin Operations In Nigeria
ZAKA KHALIQ Some new Islamic Insurance Companies (Takaful) will commence operations in the country in the next couple of months, thus becoming the first set of fully-fledged Takaful Insurance companies in the country, LEADERSHIP exclusively gathered over the weekend. Takaful insurance guarantees profit sharing between the insurer and the policyholders, […]
Insurance Big Data could lower rates for optimistic tweeters
When people take to Twitter to comment on the great evening they enjoyed with good food and wonderful friends, reducing their monthly insurance bill is probably the last thing on their mind. But such tweets could help insurers to price premiums for individuals, with research suggesting a direct link between […]
Nigeria considers insurance policy for disaster mgt.
By Joshua Odeyemi The federal government is presently considering the possibilities of keying into the African Risk Capacity (ARC)’s insurance policies to mitigate against disasters such as flood and drought in the country . The Director General of National Emergency Management Agency (MEMA) Muhammad Sani-Sidi said at a multi-stakeholders workshop […]
Cameroon’s insurance turnover up 12.9% in 2015
Life insurance is on the rise in Cameroon, although this product represents only 28 % of the insurance market in the country. Its turnover is more than 182 billion Franc CFA which translates to a growth of 12.94% in 2015. Jean-David Mihamle and Kenneth Karuri report.
How Do You Insure A Driverless Car?
By Jerry Albright, KPMG The question would’ve been ludicrous just a few years ago. Yet now, insurance companies are being forced to grapple with it: How do you write a policy for a car that drives itself? The development of autonomous vehicles is expected to transform the auto insurance industry […]
