Insurers and industry-watchers expect a spike in demand for travel insurance in light of terror attacks in Paris last Friday, as international travellers wake up to the possibility of such threats across the globe, including high-sought-after destinations in developed nations. “The unfortunate incident could prompt travellers to recognise the importance […]
Insurance
Insurance industry to be loss making up to 2016 – FBD
FBD Holdings has said it has seen a 9.2% decline in policy volumes in the year to date, which has been offset by a 9.1% rise in average rates. In an interim management statement, the company said it would continue to prioritise profitability over growth. FBD said its underwriting action […]
Insurance chiefs want bill, others addressed by finance minister
Expectations are high among chieftains of the Nigerian insurance sector for the newly appointed minister of finance, Mrs. Kemi Adeosun. The chieftains want the minister to help with the passage of Insurance Bill which has been at draft level for long. They also want her to restructure the economy and […]
FBNInsurance donates dialysis machine to Gbagada General Hospital
FBNInsurance Limited, an FBN Holdings company in partnership with Sanlam of South Africa has donated a dialysis machine to Gbagada General Hospital, Lagos to boost patient’s access for medicals. The donation which is part of activities to mark the underwriting firm’s 5th anniversary, according to the Company was borne […]
“Nigeria Insurance Report Q1 2016” Is Now Available at Fast Market Research
WAICA: Insurance companies resolve to make claims payment simpler
Insurance companies in English-speaking West Africa have resolved to improve claims payments by making it simpler, as well as simplify policy documentation and claim processing. This was one of the resolutions taken on Tuesday at the end of a two-day educational conference of the West African Insurance Companies Association (WAICA) […]
Ogun, NCRIB Partners on Building, Disasters Insurances
President of the Nigerian Council of Registered Insurance Brokers (NCRIB), Mr. Kayode Okunoren presenting the Council’s souvenir to Ogun State Commission for Finance, Mr. Adewale Oshinowo during a working visit to the Commissioner at the State Secretariat, Abeokuta, Ogun State. Ogun State Government has taken a proactive measure in collaborating […]
Insurance payout for 2014 killing of SAfrica soccer captain
JOHANNESBURG (AP) – Insurers have paid out on a life insurance policy for South Africa national team captain Senzo Meyiwa, who was fatally shot more than a year ago in what police said was an attempted house robbery. The goalkeeper’s killer still has not been caught despite a 13-month police […]
Insurers Out to Let Industry Work for Africa
About 150 insurance practitioners from West Africa are meeting in Banjul to discuss ways and means of further growing the industry, through indigenisation and reaching out to the grassroots with insurance policies. The delegates, mainly from Ghana, Nigeria, Liberia, Sierra Leone and The Gambia, are brainstorming on the theme: ‘Africa […]
Zurich Insurance to cut 440 jobs in UK
Move is part of cost-cutting program Zurich Insurance plans to cut 440 jobs at its UK general-insurance unit as part of a cost- cutting program announced in May. Switzerland’s biggest insurer will announce the plan on Monday, according to Alex Jones, a spokesman for Zurich in London. Zurich on Nov. […]
