Insurance

Insurance

NAICOM approves 31 firms’ 2015 accounts

Leave a comment and share Chuks udo Okonta The National Insurance Commission (NAICOM) today said it has approved the 2015 financial accounts of 31 insurance and reinsurance firms. The Head, Corporate Affairs NAICOM, ‘Rasaaq ‘Salami, told Inspen that 38 firms have so far submitted that accounts, adding that two accounts, […]

Insurance

NAICOM approves 16 firms’ 2015 accounts

NAME OF COMPANY STATUS (2015 FS) 1 Wapic Life Assurance Ltd Approved 2 FBN General Insuance Approved 3 Wapic Insurance Plc Approved 4 Ensure Insurance Plc Approved 5 FBN Insurance Ltd Approved 6 Law Union & Rock Insurance Company Plc Approved 7 Mansard Ins PLc Approved 8 Custodian and Allied […]

Insurance

Insurer AXA to pull out of tobacco investments

French insurer AXA (AXAF.PA) plans to stop investing in the tobacco industry, citing the impact of smoking on public health, and said it plans to sell its 1.8 billion euros ($2.02 billion) of assets in the sector. AXA said it would divest its 200 million euros of equity holdings in […]

Insurance

Ecobank and Old Mutual announce enhanced strategic agreeement

PRESS RELEASE – Ecobank Transnational Incorporated (ETI)(http://www.Ecobank.com), parent company of the Ecobank Group, and Old Mutual Emerging Markets (OMEM) (https://www.OldMutual.com), a part of the Old Mutual Group, today announced an enhanced strategic agreement that will strengthen existing ties between the leading pan-African bank and the insurance and asset management giant. […]

Insurance

Access Bank partners WAPIC, Ghana Life for Bancassurance

Access Bank Ghana has partnered Wapic Insurance and Ghana Life Insurance companies to launch innovative insurance products for consumers in Ghana, In line with its strategy to build capacity in retail banking. The launch, which follows the signing of a strategic partnership agreement between Access Bank and the two insurance […]

Insurance

Top 5 most complained about insurance products in South Africa

The Ombudsman for Short-Term Insurance has revealed the types of insurance vehicles that receive the most complaints. According to the Ombudsman’s annual report in 2015‚ the watchdog recovered in excess of R100 million for consumers from the short-term insurance industry. It said that total of 9‚784 complaints against short-term insurers […]