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 […]
Insurance
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 […]
Nigerian Government Urged To Embrace Disaster Risk Insurance
The African Risk Capacity, a specialized agency of the African Union is asking the Federal Government of Nigeria to take advantage of the regional insurance scheme to reduce the burden of a national disaster risks financing. African Heads of States and Ministers of Finance in 2012 called for the establishment […]
Bayport Financial Services leading micro-credit service provider in Tanzania celebrates 10 years
PRESS RELEASE Bayport’s portfolio includes insurance products such as the Education Protection Policy and Credit Life policy DAR ES SALAAM, Tanzania, October 20, 2016/ — Tanzania’s leading specialist credit provider, Bayport Financial Services (www.BayportFinance.com), has over the last 10 years contributed significantly to improving the lives of thousands of Tanzanians […]
