The role of the insurance compliance officer has evolved from a purely advisory role into a proactive one with internal audit characteristics in the last few years according to a white paper by Ethical Corporation, a global business publication. The paper notes that whereas the typical job of the compliance […]
Insurance
Insurance woes persist as Obamacare enters year three
Just a few weeks before the third Obamacare enrollment season begins, researchers are pointing out that millions of people are still uninsured, despite the law, and that there are real hurdles to convincing people to sign up. The first two enrollment seasons made a sizable dent in the U.S. uninsured […]
Less than 20% of population under health insurance cover: Report
Despite liberalization of the insurance sector, only around 21.6 crore people – less than one-fifth of India’s population – are covered under health insurance. Even among those who have some form of coverage, 67% are covered by public insurance companies, according to National Health Profile 2015, compiled by the Central […]
2015 African Legends Night Gets Insurance Cover
Event organizers Global Media Alliance (GMA) has secured an insurance cover for this year’s African Legends Night slated for September 26, 2015 at the State House Banquet Hall, Accra. GMA announced that insurance firm Phoenix Insurance, a subsidiary of the CDH Group, is the official insurance company for the much-anticipated […]
Emerging Capital exits Continental Reinsurance
Emerging Capital Partners, along with its investment partners, has sold C-Re Holding Ltd. to Saham Finances S.A, the insurance arm of Saham Group. Financial terms weren’t announced. C-Re owns 53.6 percent of Continental Reinsurance, a private reinsurance company in Africa, excluding South Africa. PRESS RELEASE 22 September 2015: Emerging Capital […]
UK government to take forward new insurance ‘prompt payment’ requirement
Insurers would be under a legal requirement to settle claims within a “reasonable time” if new laws introduced to the UK parliament are passed in their current form. Out-Law.Com reported that the new requirement is included in the Enterprise Bill, which is currently before the UK parliament. Although it would […]
Kari to insurers practice what you preach
Leave a comment Chuks Udo Okonta The Commissioner for Insurance Mohammed Kari has urged insurance operators to reflect professionalism in their words and deeds by upholding the tenets, ethics and principles of their profession. His disclosed this in Abeokuta, the Ogun State Capital, stressing that operators should imbibe the spirit […]
ARIAN inaugurates Imo chapter
The Association of Registered Insurance Agents of Nigeria (ARIAN) has inaugurated a new chapter in Owerri, the Imo State capital, its President, Gbadebo Olameru has said. According to him, the new chapter will enable the national secretariat to conduct the needed assessment to address some of its strategies towards the […]
A.M. Best to Speak at the 20th Annual African Reinsurance Forum
A.M. Best will present at the African Insurance Organisation’s (AIO) 20th Annual African Reinsurance Forum on “The Importance and Relevance of Credit Ratings in an Emerging Market.” Greg Carter, managing director of analytics—EMEA, will give the presentation on Tuesday, 6 October. The AIO-organised event will be held 4-6 October in […]
Insurance broker, 50, acquitted of biting policeman’s hand is convicted after Hong Kong magistrate overturns verdict
Mark Kirkham given suspended jail sentence after court rules that he was not subject to excessive force An insurance broker previously acquitted of biting a policeman’s hand was yesterday convicted of assaulting the officer, as a magistrate overturned his previous verdict and ruled that the broker was by no means […]
