SIC Insurance Company Limited has set in motion its Enterprise Risk Management (ERM) programme to meet regulatory requirements from the National Insurance Commission (NIC). Ghana’s insurance regulator, the NIC has been immersed in an ongoing updating of polices, processes and directives aimed at fostering the changes needed to adapt both […]
Insurance
FBNInsurance grosses N12.1bn premium income, pays 19k dividend
From left: Ayokunle Ayoko, Company Secretary, FBNInsurance; Val Ojumah, MD/CEO, FBNInsurance Ltd.; Mrs Adenrele Kehinde, Chairman, Board of Directors, FBNInsurance Ltd.; Oyewale Ariyibi, Shareholder, FBNHoldings and Hendrik Nel, Shareholder, Sanlam Group SA, at the company’s 5th Annual General Meeting in LagosI Leave a comment and share Chuks Udo Okonta FBNInsurance […]
NCRIB condoles with Ogun govt. over collapsed building
Leave a comment and share Chuks Udo Okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) has commiserated with the Ogun State Government over the collapse of one of the market buildings under construction in Abeokuta, reportedly killing one person. The Council in a release signed by the President/Chairman of […]
RIMSON to institute awards for outstanding students
Leave a comment and share Chuks Udo Okonta Risk Managers Society of Nigeria (RIMSON) will from next year institute awards for best post graduating students in Risk Management at the University of Lagos, its President Jacob Adeosun, has said. He disclosed this at the closing dinner that climaxed the 2016 […]
2 Charged with Insurance Fraud in Oklahoma Buried Truck Case
Two Oklahoma men accused of burying a pickup truck that was later reported stolen are now charged with insurance fraud. Arrest warrants have been issued for Robert Campbell II, 49, of Langley and Larry Ezell, 25, of Vinita, the Oklahoma Insurance Department announced. The charges are the result of a […]
Men commit insurance fraud more often than women
Dutch men commit insurance fraud more often than women, according to figures released by the Dutch insurers’ association. The association found that almost 70% of registered fraudsters are men, 25% are female, and the remainder are companies. Vehicle insurance fraud is the most common form of fraud, followed by fire […]
Professional Indemnity Insurance in France
NEW YORK, May 12, 2016 /PRNewswire/ — Professional Indemnity Insurance in France is a report about the French market for and distribution of policies covering professional liability. For 2011, 2015 and with a forecast for 2019, the study breaks down the market for professional indemnity insurance on a standardised basis […]
Weak rand poses real threat for the insurance industry
A sustained weak currency could catapult the sector into a struggling third world industry. Anees Vazeer The South African insurance industry needs innovative solutions to counteract the negative impact of the dramatic depreciation in the value of the rand since December 2015. A sustained weak currency poses the real threat […]
Professional Indemnity Insurance in Canada
NEW YORK, May 11, 2016 /PRNewswire/ — Professional Indemnity Insurance in Canada is a report about the Canadian market for and distribution of policies covering professional liability. For 2011, 2015 and with a forecast for 2019, the study breaks down the market for professional indemnity insurance on a standardised basis […]
43rd AIO Conference 2016 – Day 3
A lot of interesting and positive things have come out of the 43rd AIO Conference and General Assembly. Overall, it seems that things are still looking good for insurance business in Africa, with good growth forecast across the continent, despite terrorism and political turbulence rearing their heads in certain parts […]
