Jubilee Insurance CEO Patrick Tumbo. Photo/File By MERCY GAKII UPTAKE of life insurance is on the rise and is set to challenge that of general insurance products as income levels rise, according to an expert in the industry. Jubilee Insurance chief executive Patrick Tumbo said an increasing middle class and […]
Insurance
BRIEF-African Alliance Insurance says qtrly net premium income 4 bln naira
African Alliance Insurance Plc : * Quarter ended Sept 30, 2015 group loss before tax of 265.6 million naira versus profit of 1.02 billion naira last year * Says for quarter ended Sept 30, 2015 group net premium income 4 billion naira versus 3 billion naira last year Source text: […]
WAICA Re targets integration with Cote d’Ivoire office
Nike Popoola WAICA Reinsurance Corporation Plc said it was achieving regional integration with the setting up of offshore contact office in Abidjan, Cote d’Ivoire. The Managing Director, WAICA Reinsurance Plc, Mr. Abiola Ekundayo, said this during the opening of the contact office of WAICA Reinsurance Corporation Plc in Abidjan, Ivory […]
New insurance mandate for autism treatment lifts families’ financial burden
Abbey Ripper was diagnosed with autism at 3 years old, although her parents had realized early in her infancy that she was different from other babies. At an age when most teenagers aggressively assert their independence, Abbey – now 14 – needs round-the-clock care. She struggles to dress and bathe […]
Zika virus causes surge in calls for travel insurance
By Hugo Martin Contact Reporter The Zika virus has joined terrorism and extreme weather as one of the biggest worries of airline travelers. InsureMyTrip, a travel insurance comparison site, reported a 20% surge in calls last week from travelers worried about the virus that can cause fever, rashes, joint pain […]
Fitch Publishes London Market Insurance Dashboard
Fitch Ratings has published a dashboard on the London insurance market, summarising the outlook for the sector. Fitch expects that a significant proportion of (re)insurance classes will experience further price falls in 2016. The low level of major claims activity has intensified competitive pressures, particularly in short-tail lines, and Fitch […]
Obamacare Delivers Health Insurance to Low-Income Whites
The Affordable Care Act, also known as Obamacare, has reduced racial disparities in health insurance coverage rates between whites and people of color. I and others have discussed the historic increase in health insurance coverage for Latinos, African Americans, and Asian Americans. These findings should not obscure the fact that […]
Metropolitan Insurance now Hollard Insurance Ghana
The Metropolitan Insurance Company (MET) has re-branded to Hollard Insurance Ghana Limited following its acquisition by the South African Insurer. “Today, just as a young lady might get married and voluntarily take on the name of her chosen life partner, we at MET have decided to take on a new […]
NAICOM to implement code of corporate governance by April 1st
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, […]
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 […]
