BIMA, a micro-insurance agent has launched a campaign aimed at educating Ghanaians on the benefits of insurance. This is part of the company’s vision to revolutionize the insurance industry by making life insurance affordable and accessible for the ordinary Ghanaian. The micro insurance campaign is funded by BIMA, Leadfrog Labs […]
Insurance
East Africa’s Largest Insurance Firm Eyes Congo, Ethiopia And West Africa
Jubilee Insurance Chairman Nizar Juma By Kevin Mwanza Kenyan-based Jubilee Insurance, the biggest insurance services provider in East Africa, plans to expand to the Democratic Republic of Congo, Ethiopia and undisclosed countries in West Africa, a top official said on Thursday. The insurance firm, which already operated in five African […]
UK insurer Aviva doubles CEO’s pay to $8 mln in 2015
British insurer Aviva more than doubled chief executive Mark Wilson’s pay to 5.67 million pounds ($8.1 million) last year, from 2.6 million in 2014, after the purchase of rival Friends Life, Aviva’s annual report showed. Aviva completed the 5.6 billion pound acquisition in April 2015, creating a market leader in […]
UIF clampdown coming
By: Siyabonga Mkhwanazi The Unemployment Insurance Fund wants to clamp down on employers who fail to declare their employees to the fund and the South African Revenue Service (Sars), with Parliament set to approve the UIF Amendment Bill. Senior principal legal officer at the fund Cornelius Phathela told journalists at […]
Old Mutual readies sale of Italian wealth unit – sources
Financial services company Old Mutual is preparing to sell its Italian wealth management unit as part of a wider plan to break up its business, cut costs and revamp earnings, sources familiar with the matter said on Thursday. The Anglo-South African group, which has been present in Italy since 1997, […]
Presidency directs HoS, NAICOM to protect govt’s assets
The Presidency has directed the Head of Service to work with the National Insurance Commission (NAICOM) to ensure adequate protection of government’s assets. The directive was made through a letter signed by the Chief of Staff to President Muhammadu Buhari. According to the source, the Head of Service has been […]
Guinea Insurance appoints Isioma Omoshie as acting MD
Leave a comment and share Chuks udo Okonta Guinea Insurance Plc has announced the appointment of Isioma Omoshie as its acting Managing Director/Chief Executive Officer and the retirement of the Chairman and four Directors; who had served for over nine years on the Board of the Company. A statement by […]
Meyiwa Family Losing Patience Over Insurance Money
Samuel Meyiwa, the father of the late Orlando Pirates goalkeeper, Senzo Meyiwa, speaks on having to wait for his son’s insurance money to be processed. In 2014, the goalkeeper, who was the captain of Orlando Pirates and Bafana Bafana, was gunned down, however to date no arrests have been made. […]
Kenya Re Expects to Sell More Political Risk Cover in 2017, Boosting Earnings
By Adelaide Changole Kenya Reinsurance Corp., the country’s only publicly traded reinsurer, expects increased political risk linked to presidential elections in the East African nation next year to boost earnings, Chief Executive Officer Jadiah Mwarania said. Kenya is scheduled to hold the vote in 2017. While the previous ballot in […]
One Big Insurer Explains Why Obamacare Premiums Are Rising So Much
By Millie Dent | The Fiscal Times The Blue Cross and Blue Shield Association just released a new study that helps explain why some big health insurers are struggling to make money under Obamacare — and have jacked up premiums in many cases. The insurance giant’s newly covered customers were […]
