China’s insurance regulator has launched an inspection of insurers’ risk controls over stock, private equity and real estate investments, the official Shanghai Securities News reported on Wednesday, citing unnamed sources. The move comes as the country’s insurers report strong profits even as wider economic growth stutters and analysts warn of […]
Insurance
Dubai insurance scheme covers all employees, but rules hazy regarding dependants
My employer has put in place a medical insurance scheme for all employees, but has said it is for the staff only and we cannot include our families. I have offered to pay the cost, but they are still refusing to add my wife and son. Are they allowed to […]
Shareholder lauds insurers’ doggedness amidst economic impasse
Leave a comment Chuks Udo Okonta The President, Independent Shareholders Association of Nigeria (ISAN), Sir Sunny Nwosu, has lauded the insurance operators for remaining afloat amidst the nation’s economic challenges. He said this at an annual general meeting of a company in Lagos, adding that the operators are really working […]
Axa sells UK businesses including SunLife to insurer Phoenix
Axa sold its SunLife unit in the UK to Phoenix Group Holdings and announced the top-management team that will work with incoming Chief Executive Officer Thomas Buberl when he takes the helm in September. Gerald Harlin will become group chief financial officer while Paul Evans will replace Buberl as head […]
Chilekezi wins AIO book award
Leave a comment and share Chuks Udo Okonta The African Insurance Organisation’s conference ended on a good note as the 2016 African Insurance Organisation awards were won by two Nigerians with one of the winners being Obinna Chilekezi, an insurance researcher and consultant who started his career in […]
“STAR , STB seek to create insurance-bank,” says CEO of STAR
CEO of the Tunisian Company of Insurance and Reinsurance (STAR), Lassaad Zarrouk said his company and the STB are working for the establishment of an insurance-bank. He also called on the authorities to take more interest in the insurance sector, given its role in economic recovery. This call is launched […]
Government needs insurance not emergency fund – Adegbenro
Leave a comment and share Chuks Udo Okonta The government has been called upon to use insurance to mitigate risks as against making budgets for emergencies. The Executive Secretary/Chief Executive Officer, Nigerian Council of Registered Insurance Brokers, ‘Fatai Adegbenro, said this today at the Annual Lecture of Actuarial and Insurance […]
IEI Ghana now Heritage Energy Insurance
Leave a comment and share Chuks Udo Okonta and agency report International Energy Insurance (IEI) Ghana, a Nigerian-owned insurance company, has rebranded and changed its name to Heritage Energy Insurance (HEI) in a move to capture and gain more market presence in Ghana. The change of the company’s name also […]
African Union insurance arm to boost disaster cover to $1.5 bln
African Risk Capacity aims to expand climate risk insurance to more than 150 million Africans in 30 countries The African Union’s insurance arm will increase its disaster cover to $1.5 billion by 2020 from $179 million currently following one of the continent’s worst droughts in decades, a senior executive said […]
Future Proofing: The Value of Natural Catastrophe Schemes in Europe
LONDON, UK – MAY 2016 – Winter storms, major floods, earthquakes and hail storms are just some of the natural catastrophe events that have affected Europe in recent years. The economic impact of these events has, to varying degrees, been absorbed by insurance, governments and societies. This is because across […]
