MTN Nigeria has brought out Insurance Automation Service to enable insurance companies to eliminate the manual processes involved in capturing field data and get live visibility of field activities, spur faster decision-making and planning. MTN said that the new service will increase efficiency and cut costs by providing access to […]
Insurance
One million fishermen to benefit from insurance policy
By Godwill Arthur-Mensah More than one million fishermen would benefit from the insurance policy instituted by the Government to safeguard the safety of their canoes, outboard motors, nets and other fishing inputs. Madam Sherry Ayittey, the Minister of Fisheries and Aquaculture Development, made this known at a meeting with some […]
A.M. Best Upgrades Ratings of African Reinsurance Corporation
A.M. Best has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the issuer credit rating to “a” from “a-” of African Reinsurance Corporation (Africa Re) (Nigeria). The outlook for each rating has been revised to stable from positive. The upgrade reflects Africa Re’s excellent risk-adjusted capitalisation, […]
IGI relocates head office
Leave a comment and share Chuks Udo Okonta Industrial And General Insurance Plc (IGI) has moved its corporate head office on Victoria Island, Lagos to a new location also on the highbrow island, in continuation of the restructuring process launched by the management to reposition the company for greater efficiency. […]
Saham moves to consolidate investment in Nigerian insurance business
Ezekiel Enejeta Moroccan insurance Company, Saham Finances, one of the biggest Pan African insurance Groups is considering another major investment in Nigeria, after two initial investments that enhanced the take up of bigger ticket risks by local players, sources familiar with this development tell BusinessDay. The Company which bought a […]
Uganda to host 2017 African Insurance Conference
Total African premiums totalled $69b in 2014 down from $72b in 2013 By Samuel Sanya Uganda will host the 44th annual African Insurance Organization (AIO) and General Assembly in May 2017, Kaddunabi Lubega the Insurance Regulatory Authority (IRA) has revealed. AIO has 326 members: 315 of them from 45 countries […]
NAICOM moves to expand insurance distribution space
Leave a comment and share Chuks Udo Okonta Worried by effects of the limited channels of insurance distribution in the country, the National Insurance Commission (NAICOM), has initiated moves to create additional vehicles to convey insurance products to the public. The Commissioner for Insurance Mohammed Kari, who disclosed this at […]
Insurer launches UK’s ‘first driverless car policy’
The company Adrian Flux has launched what it claims to be the UK’s first personal driverless car insurance policy. The policy is designed for consumers who already have driverless features in their cars, such as self-parking, or are thinking of buying a car with autopilot features. Fully self-driving cars are […]
Benefits of digitising insurance
All service requests with regards to the e-insurance account or any of the electronic policies can be submitted online or at any of insurance repository’s service points. People use their mobile phones for just about everything now. Though Internet banking has been available for many years, the advent of mobile […]
AXA Group diversifies into farm insurance program for rice farmers
Paris-based AXA Group will expand its farm insurance program after the success of its pilot project in Malang, East Java, for which 1,000 farmers and 1,000 hectares registered last month, Albertus Wiroyo, the president of Mandiri AXA General Insurance, said here on Saturday. The farmer insurance program is called parametric […]
