Bailed-out South African lender African Bank said on Friday it would no longer buy an insurance business from its parent African Bank Investments Ltd (Abil), after a court order obtained by Abil shareholders delayed the deal. The deal had been announced in September as African Bank sought to assume control […]
Insurance
ICBC looking into online car insurance renewals
How would you like to renew your car insurance on your laptop or smart phone? ICBC is working on a way to make that possible. Our American friends can use an app to renew insurance instead of having to head down to a broker’s office. ICBC wants to make this […]
Every $1 spent on @ARCapacity climate risk insurance saves $4.40 in humanitarian aid
NCRIB President unveils nine-point agenda
Leave a Comment Chuks Udo Okonta The new President of the Nigerian Council of Registered Insurance Brokers (NCRIB) Kayode Okunoren, today unveiled his nine-point agenda that would help take the broking sector to lofty heights. He disclosed this at his investiture in Lagos, stressing that he would be committed to […]
FCA cancels Ilford-based AAA Insurance’s permissions
Regulator says broker has failed to be open and co-operative. The Financial Conduct Authority (FCA) has cancelled AAA Insurance’s permissions to carry on regulatory services. The regulator stated that the broker has failed to comply with the regulatory requirement to submit its Retail Mediation Activities Return (RMAR) for the period […]
Insurance Bureau of Canada pushing to get Uber drivers covered
Tech superstar Uber has received a hand from Canadian insurers as it attempts to gain full legitimacy here. The Insurance Bureau of Canada says it is pushing some provinces for rule changes that would allow drivers working with the ride-sharing service to obtain a new type of coverage. The association […]
Shoprite referred to customer tribunal over insurance sale
Shoprite Investments Ltd and Shoprite Insurance Company Ltd have been accused of selling unnecessary cover and granting credit recklessly. The National Credit Regulator (NCR) announced on Wednesday that it had referred both of them to the National Consumer Tribunal (Tribunal) for: selling retrenchment and occupational disability covers to pensioners and […]
Woman who sued 12-year-old nephew over hug blames insurance company for lawsuit
The Connecticut woman who garnered international headlines when she sued her 12-year-old nephew is fighting back. Jennifer Connell claimed she suffered injuries to her wrist when her nephew hugged her enthusiastically during his birthday party. On Tuesday, a jury found in the favor of her nephew. Connell is now saying […]
African countries turn to insurance to safeguard against climate change
By Lars Thunell & Ngozi Okonjo-Iweala When world leaders gather for critical climate negotiations in Paris later this year, they must not overlook the major injustice that means Africa – responsible for only a tiny proportion of global greenhouse gas emissions (pdf) – will suffer disproportionately from rising temperatures. The […]
British, Swedish companies to extend insurance services to NITC
Commercial Director of National Iranian Tanker Company (NITC), Nasrollah Sardashti, said on Sunday that the British and Swedish insurance companies would offer insurance services to Iranian oil tankers after sanctions relief. [British, Swedish companies to extend insurance services to NITC] Sardashti told IRNA that negotiations have been held for the […]
