American International Group (AIG) has raised HK$9.68 billion ($1.25 billion) by selling a large chunk of its stake in China’s PICC Property and Casualty Co Ltd (PICC P&C) (2328.HK) in a block deal. AIG sold about 740 million shares at HK$13.08 each, or near the bottom end of a marketing […]
Insurance
NAICOM licenses 314 insurance brokers
By: Zaka Khaliq (National Mirror Newspaper) The National Insurance Commission (NAICOM) has licensed 314 insurance brokers to operate in insurance sector of the nation’s economy, National Mirror learnt. Last April 1st, NAICOM said it had licenced 301 Insurance brokers to transact business of insurance in the country. Investigations by National […]
Nigeria leads in ‘No Premium No Cover’ implementation
Avereyireh 1st (right) and other participants at the event. By: Zaka Khaliq (National Mirror Newspaper) Experts at the just concluded 38th Annual General Meeting (AGM) and Education Conference of the West African Insurance Companies Association, WAICA, in Lagos, said Nigeria had taken the lead in the implementation of the No […]
Royal London Paid 98% Of All Claims In 2015
100% of over 50s cover claims were paid 100% of whole of life claims were paid 98% of life cover claims were paid 94% of income protection claims were paid 93% of critical illness cover claims were paid Royal London’s UK protection businesses paid 98% of all claims received and […]
Africa, other continents for AIO confab
In less than seven days, insurance operators around the world, especially from the African Continent, will gather in Morocco for the 43rd African Insurance Organisation (AIO) conference & General Assembly to discuss current and emerging challenges in the insurance industry. The event will hold between May 8 and 11 in […]
RIMSON holds confab, awards ceremony
Leave a comment and share Chuks Udo okonta Risk Management Professionals and Corporate bodies committed to the ideals of Risk Awareness and Risk Management culture will converge at the Lagos Chamber of Commerce (LCCI) Conference & Exhibition Centre, in the Central Lagos Business District, Alausa; Ikeja from Thursday 5th to […]
Short-term insurers fighting for the same customers
Hanna Ziady Competition in the short-term insurance sector is as fierce as ever, says Mutual & Federal CEO, Raimund Snyders, as insurance companies battle for business from a fixed number of customers. “The pie is not growing”, despite the fact that there is significant opportunity to develop insurance products […]
FG moves to tackle poor insurance performance
Mrs Oniha (2nd right) Leave a comment and share Chuks Udo Okonta The Federal Government is taking steps to address the current poor performance of insurance in the country, the Minister of Finance, Mrs Kemi Adeosun, has assured. She disclosed this at the just concluded West African Insurance Companies Association […]
Motor insurance policy holders to be issued Brown Cards by June 1, 2016
The Council of Bureau of the ECOWAS Brown Card Insurance Scheme on Friday, April 22, 2016 organised a one-day 1st Zonal conference of the year in Accra, Ghana. The conference, which was on the theme “trans-border claims management”, was held at Clever House and was attended by representatives of the […]
300 Insurance Brokers on NAICOM List not Sacrosant – NCRIB
From left: Vice President, The Nigerian Council of Registered Insurance Brokers (NCRIB), Dr. (Mrs.) Bola Onigbogi, NCRIB Deputy President, Mr. Shola Tinubu; NCRIB President, Mr. Kayode Okunoren and Deputy General Manager, Zenith General Insurance Company Limited, Mr. Sunny Uwagboi at the NCRIB Members’ Evening hosted by Zenith Insurance at Brokers […]
