Commissioner for Insurance Muhammed Kari and President Chartered Insurance Institute of Nigeria, Lady Isioma Chukwuma at the event. Chuks Udo Okonta The Commissioner for Insurance, Mohammed Kari, today said the National Insurance Commission (NAICOM) has been empowered by its law to treat breach of code of conduct as a […]
Insurance
Photos: Faces at the 2015 Insurance Professionals’ forum in Abeokuta
Commissioner for Insurance Muhammed Kari and President Chartered Insurance Institute of Nigeria. From left: Director-General Nigerian Insurers Association, Sunday Thomas; Former President CIIN, Bola Temowo and Managing Director Consolidated Hallmark Insurance Plc, Eddie Efekoha at the event.
UK insurer Hastings eyes London listing with $278 mln share sale
Reuters UK insurer Hastings announced its intention to float on the London Stock Exchange on Tuesday, with a 180 million pound ($277.78 million) share sale aimed at accelerating its growth. The offer to institutional shareholders is expected to result in admission to London’s premier stock market in October, the company […]
Insurers will have to raise reserves to cover car crash claims – Central Bank
The average High Court personal injury award soared 34% last year, according to the courts service The average High Court personal injury award soared 34% last year, according to the courts service Insurers will have to set aside significantly more reserves to cover car-crash, workplace injuries and other claims as […]
Metropolitan Insurance gets acting CEO
Press Release We wish to inform you that the Chief Executive Officer of Metropolitan Insurance Company (MET), Kwame-Gazo Agbenyadzie has proceeded on statutory retirement. Kwame-Gazo’s services will be retained by the company in the form of consultancy agreement. In view of the above, Mrs. Lynda Odro, the current Chief Operations […]
Pat Utomi to speak at JBC retreat
Press Release The prestigious Jericho Businessmen Club (JBC) of illustrious and distinguished sons of Ibadanland will hold a special retreat on September 18th to 20th, at Bayse One Hotel, Jericho Road, GRA, Ibadan. The theme of the retreat is Human Capital Advantage For The Development Of Ibadanland. The retreat, which […]
Insurers Challenged to Develop Products for Small Businesses
allAfrica By Peterson Tumwebaze At less than 3 per cent insurance penetration rate, Rwanda is one of the countries with the lowest insurance uptake levels in the region. Many stakeholders and pundits have always blamed this state of affairs on lack of awareness about the importance of insurance among the […]
Convicted Broward insurance scammers now conducting background checks
By Jose Lambiet jose@gossipextra.com A husband-and-wife team singled out by Broward County as notorious insurance scammers has found a new line of work. These days, Frank and Christine Falowski perform background screenings for South Florida job applicants in government, law enforcement, education and private companies dealing with elderly and child […]
Why Insurance Claims Are Delayed
In Nigeria, research has shown that insurance policy is often taken with kid gloves. One of the reasons for the lukewarm attitude is the impression that getting insurance claims is like a camel going through the eye of the needle. An insurance expert, Fumilayo Odamah who is the regional manager, […]
How to sell insurance to low-income earners in Africa
In Africa, insurance has traditionally been a preserve of the rich. Most poor people have no safety nets and therefore risk losing everything in the event of serious illnesses, accidents, sudden deaths in the family or damage to their property. But the widespread use of mobile phones and the success […]
