From left: Head Corporate Communications, National Insurance Commission (NAICOM), Rasaaq Salami; Managing Director Consolidated Hallmark Insurance Plc and Chairman Sub Committee Technical, Eddie Efekoha; Group Managing Director Continental Reinsurance and Chairman Sub Committee on prudential , Femi Oyetunji ; Managing Director FBN and Chairman Sub Committee on Corporate governance Relation, […]
Insurance
Jumia, AXA partner to provide insurance products, services to African customers
Press Release Africa Internet Group (“AIG”) (http://AfricaInternetGroup.com), a leading e-commerce group in Africa, and AXA (www.AXA.com), a worldwide leader in insurance and asset management, today announced a partnership whereby AXA will become the exclusive provider of insurance products and services through Jumia and other AIG online and mobile platforms in […]
Entrenching Best Practices in Insurance
The absence of a strong legislative framework is one of the factors militating against the adoption of global best practices in the insurance industry, writes Ebere Nwoji In the words of the immediate past Commissioner for Insurance, Mr. Fola Daniel: “By its nature, role and position, insurance, is a veritable […]
Deloitte targets insurance with ConVista buy
Deloitte (Africa) has acquired the business assets and now directly employees the 30-person team of ConVista Consulting, the South African subsidiary of the German consulting firm ConVista AG, as it continues to expand its financial services capabilities, with a particular focus on the insurance industry. The acquisition of the ConVista […]
2010 accounts of some insurers still undisclosed – NAICOM
Leave a comment and share Chuks Udo Okonta In spite that they transact businesses, three insurance firms have resolved to keep their financial status in secrecy, flouting the law which mandates them to submit their accounts at the end of each financial year to the industry regulator for approval. According […]
Custodian, Hogg Robinson secure NNPC’s multi-billion oil insurance
Leave a comment, share Chuks Udo Okonta Custodian and Allied Insurance and Hogg Robinson have been appointed as lead insurer and broker by the Nigerian National Petroleum Corporation (NNPC) for its 2016 oil insurance business, Inspen has leant. It was gathered that while the duo where chosen for the oil […]
Age UK found to be making millions from insurance and funeral deals
Age UK has made millions of pounds by providing insurance and funeral services to elderly people, amid criticism of its commercial arrangements with a leading energy supplier. The charity’s commercial arm, Age UK Enterprises Limited, provided almost half a million home, travel and car insurance policies in collaboration with Ageas […]
Old Mutual sells bond investor Rogge to rival insurer Allianz
By Marion Dakers, Financial Services Editor London-listed insurance group Old Mutual has sold off its bond manager Rogge to rival Allianz, becoming the latest international insurer to rejig its business. Rogge, which is based in the capital and has been on the market for several months, manages nearly £25bn but […]
Lapsed brokers’ licences re-registration: Could merger be way out?
Kari The requirements for re-registration of the 108 lapsed insurance broking licences were considered too stringent by some brokers, especially with the payment of N2.25 million licensing fees and N 250,000 appeal fees each, among others. However, there have been suggestions of merger among the affected broking firms to scale […]
China becomes world’s third largest insurance market
BEIJING, Feb. 8 (Xinhua) — China became the world’s third largest insurance market in 2015, with insurance premiums surging in the past five years, according to the China Insurance Regulatory Commission (CIRC). With an annual growth rate of 13.4 percent, insurance premiums increased from 1.3 trillion yuan (about 197.9 million […]
