High school students in Chongzhou, Sichuan province, participate in an earthquake drill. [Provided to chinadaily.com.cn] By Li Xiang(China Daily) Product seen as step in adopting market-driven approach to compensate for disaster losses China on Friday launched the sale of the country’s first earthquake insurance policy, seen by the industry as […]
Insurance
UK insurer esure says hasn’t received takeover approach
British insurer esure Group Plc has denied a report that it been approached with a potential takeover offer. Sky News reported earlier that buyout groups “thought to include” KKR & Co were considering bids for the car and home insurer. (bit.ly/297hkSz) KKR declined to comment when contacted by Reuters, while […]
Insurers post over N1.22trn gross premium income in 5 years
Chairman NIA, Eddie Efekoha Leave a comment and share Chuks Udo Okonta Pay N348.54bn claims Insurance operators posted over N1.22 trillion gross premium income between 2010 and 2014 and paid N348.35 billion on claims settlement. The statistics was revealed in the Nigerian Insurers Association (NIA) annual report and accounts. According […]
Brexit vote prompts fears over UK insurers’ capital strength
Market falls triggered by Britain’s vote to leave the European Union will hit British insurers’ capital, raising concerns over their ability to pay dividends or hand cash back to investors. New European capital Solvency II rules introduced in January require insurers to account for investment risk, and solvency models to […]
Swaziland-born entrepreneur introduces crowdfunded insurance
By Kate Douglas on ‘1 July 2016’ “I didn’t know insurance when I got into this. I am not an actuary and I have never worked in insurance. But I took it upon myself to study it and understand it so that I know exactly what I am talking about,” […]
Insurers association launches insurance clubs in schools
The Ghana Insurers Association (GIA), has launched the first insurance literacy club at the Kanda Cluster of Schools, in Accra, to engender pupils’ interest in insurance security. The new initiative was introduced by the Insurers Association ,in collaboration with the Sub-Metro Directorate of the Ghana Education Service (GES), to inculcate […]
Over 3 million vehicles have genuine insurance policies – NIA
.Insurers adopt USSD code Leave a comment and share Chuks Udo Okonta The Nigerian Insurers Association (NIA) has said over 3 million vehicles have genuine insurance policies. The Director-General of the association, Sunday Thomas, in a report, stated that the figure represents vehicles recorded on the Nigerian Insurance Industry Database. […]
Efekoha sets four point agenda to reposition insurance business
Immediate past Chairman NIA, Godwin Wiggle; Chairman, Eddie Efekoha and Director-General, Sunday Thomas at the event. Leave a comment and share Chuks Udo Okonta The new Chairman of the Nigerian Insurers Association (NIA) Eddie Efekoha, has identified four key programmes his administration would focus to take insurance operations to lofty […]
Royal Exchange grosses N10.7bn in 2015
Muktari Leave a comment and share Chuks Udo Okonta Royal Exchange Plc has said it generated a gross written premium of N10.7 billion from business activities for the financial year ended December 31, 2015, representing an increase of 14 per cent over the figure of 2014, which stood at N9.4 […]
Insurers post about N350bn gross premium income in 2015
Immediate past Chairman Godwin Wiggle; Chairman Eddie Efekoha and Director-General Sunday Thomas at the event. Leave a comment and share The estimated volume of business underwritten by the insurance industry in 2015 was N350 billion as against N294 billion written in 2014. The immediate past President of the Nigerian Insurers […]
