UK’s terms of departure to affect London’s £60bn insurance market, says Norton Rose Fulbright. Prinesha Naidoo Competition among insurance providers in emerging markets is set to intensify, as the UK’s plans to leave the European Union (EU) hasten London-based insurers’ moves out of Europe. According to Liam O’Connell, a London-based […]
Insurance
Africa’s reinsurance market expected to grow despite challenges
Africa’s reinsurance markets are expected to benefit from strong underlying growth driven by an expansion of its primary markets with insurance premiums reaching $64 billion. This is according to an annual survey, ‘Africa Reinsurance Pulse’, conducted by Dr Schanz, Alms & Company and facilitated by Africa Re. Based an abundance […]
Shamsudeen wants insurers to consolidate
From left: Anna Frick, Talent Acquisition Specialist, World Bank Group (WBG), Washington D.C; Chude Ezinwa, Senior HR Specialist, World Bank (Central and West Africa Regions); Richard Borokini, DG, CIIN; Andrew Cross, Deputy Treasurer, Singapore, WBG; Deputy Director General, CIIN, Uju Ndubisi-Chukwu; Mrs. Allen, CEO, ; President/Chairman Council Chartered Insurance Institute […]
Almond set to host 2016 insurance consumers forum
Faith Ughwode Leave a comment and share Chuks Udo Okonta Almond Productions Limited, promoters of the Annual Insurance Consumers Forum is set to host the programme once again in Lagos. The Insurance Consumers Forum (ICF) which started in 2013 provides a robust platform for interaction between Insurers and the Insuring […]
STI boss urges entrepreneurs to sustain wealth with insurance
Soyinka Leave a comment and share Chuks Udo Okonta The Managing Director and Chief Executive Officer of Sovereign Trust Insurance Plc, Olaotan Soyinka, has urged Nigerian young entrepreneurs to embrace the culture of insurance at this critical period of economic recession in the country. He gave this advice at the […]
NAICOM to unveil capital base for insurance retailers
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) is almost set to unveil the capital base for firms that would help liberalised the channels of insurance distribution. Inspen gathered that the capital base, would be unveil next month, when the guidelines to regulated the firms […]
UK watchdog drops plans for review of Big Data use by insurers
Britain’s markets watchdog has dropped plans for a formal market review of whether Big Data might make it harder or more expensive for some customers to buy car and home insurance, saying there was no evidence of that so far. Insurers are increasingly using technology to extract value from large […]
Insurance brokers in liquidity crisis following Treasury cash guidelines
Nelson Omolo By BRIAN NGUGI Insurance brokers have since last year grappled with tight liquidity that has threatened their business following introduction of new cash rules, the trade umbrella association says. Chairman of the Association of Insurance Brokers of Kenya (AIBK) Nelson Omolo said many brokers have opted to close […]
Insurance cover for banking transactions begins October, says NIBSS
Banking transactions will, from next month, be fully insured and risks associated with them underwritten by insurance companies, the Managing Director, Nigeria Interbank Settlement System (NIBSS) ,Ade Shonubi, has said. Shonubi, who spoke at a briefing in Lagos, at the weekend, said banks and NIBSS approached insurance companies and operators, […]
RIMSON presents book on risk management
Leave a comment and share Chuks Udo Okonta The pivotal place of risk management for the survival of government and enterprises is being advocated in the book, entitled “Risk Management and Other Professions” to debut in Lagos on Wednesday, October 5, 2016. Venue is the Nigerian Institute of International Affairs, […]
