The devastated neighbourhood of Timberlea in Fort McMurray Alta. is shown on Wednesday June 1, 2016. (THE CANADIAN PRESS/Jason Franson) The Insurance Bureau of Canada is to announce later today its estimate of total insured damage caused by the wildfires in Fort McMurray, Alta. The fires in May forced the […]
Insurance
Insurance company fraudster sentenced
An insurance company manager who stole more than £5,000 from his employers has been ordered to carry out 160 hours of unpaid work. A court was told Malcolm Gillies diverted money from customer repayments into his own bank account while working for Aviva. The 35-year-old from Perth was sacked for […]
Infiniti Insurance pioneers online platform
/ MEDIA STATEMENT / Short term insurer, Infiniti Insurance has announced the launch of the pioneering Infiniti Online – a secure online insurance platform, offering clients the autonomy to manage their personal and business insurance requirements however and whenever they choose. “We developed this online platform to offer new customers […]
As microinsurance penetrates Africa reinsurance capacity need will grow
Parametric or weather-index insurance cover through microinsurance schemes continues to expand its reach across Africa, a trend that could result in greater demand and utilisation of reinsurance and insurance-linked securities (ILS) capacity. During 2014 total identified microinsurance written premiums across Africa increased to $756 million, from $387 million in 2011, […]
CIIN to form insurance clubs in schools
Leave a comment and share Chuks Udo Okonta The Chartered Insurance Institute of Nigeria (CIIN) in a bid to strengthen insurance awareness plans to form insurance clubs in secondary schools. The Managing Director, LAKEG Nigeria Limited, Muftau Oyegunle, said this in Lagos, adding that the initiative is part of the […]
Insurers task NAICOM to create specific help desks
Leave a comment and share Chuks Udo Okonta Insurance operators have called on the National Insurance Commission (NAICOM) to provide specific help desks that would help resolve issues relating to financial reporting. The Chairman Risk Management and Compliance Committee of the Nigerian Insurers Association (NIA), David Igiehon, said this in […]
Policy on rail insurance on the way – NIA
Leave a comment and share Chuks Udo Okonta The Motor Technical Committee of the Nigerian Insurers Association (NIA) is presently working on a draft policy on rail insurance to take advantage of opportunities that would accrue from rail transportation. The Chairman of the committee, Mrs Omolara Posi-Adedayo, disclosed this in […]
Nigeria, six others record $756m premium on micro-insurance
By Favour Nnabugwu Micro-insurance across Africa is beginning to take its rightful place in insurance market as the premiums written from the class stands at $756million in 2014. This was disclosed to Vanguard in Abuja by Microinsurance network and Munich Re Foundation when the duo released the 2015 landscape of […]
China insurance regulator relaxes rules on infrastructure investment to aid economy
China’s insurance regulator has revised rules to make it easier for insurance companies to invest in infrastructure projects in a bid to support a slow economy and create investment opportunities in an environment of low returns. Insurers will no longer need to obtain regulatory approval to invest in infrastructure, and […]
1,300 athletes register for Gov’t insurance plan
Minister of Sports Olivia Grange Nearly 1,300 of the country’s sportsmen and women have already signed up for the Jamaican Athletes Insurance Plan (JAIP), which is being implemented at just under $60 million per annum. The athletes are drawn from 28 of the over 40 sports associations whose members comprise […]
