MORE South African businesses have been inquiring about and purchasing cybercrime insurance, according to independent insurance and risk specialist Risk Benefit Solutions. Internationally there have been a handful of high-profile instances of cybercrime, most notably the recent hacking of Ashley Madison and Sony Pictures that put millions of users’ confidential […]
Insurance
Zurich Insurance abandons plans for RSA bid
Zurich Insurance has announced that it has finished its discussions with RSA and does not plan to make a bid. The Swiss insurer announced in July that it was considering buying its British counterpart for £5.6bn. RSA said that the approach had been unsolicited but that Zurich’s decision not to […]
Most actions of our professionals are criminal, says Kari
Chuks Udo Okonta Most of the actions of our professionals today are actually criminal, the Commissioner for Insurance Mohammed Kari, has said. He said this at the just concluded 2015 Insurance Professionals’ Forum in Abeokuta, Ogun State, stressing that if the Industry fails to implement its code of conduct, the […]
Swiss Insurance Company Wants Higher Premiums For People Who Don’t Wear Fitness Trackers
Forbes Michael Thomsen , Opinions expressed by Forbes Contributors are their own. CSS wants people to walk more. In July, the Swiss health insurance company launched a pilot program with 2,000 volunteers to collect data on how far each person walks in an average day, according to Swiss news site […]
KEY NOTE ADDRESS BY MOHAMMED KARI , COMMISSIONER FOR INSURANCE/CHIEF EXECUTIVE , NATIONAL INSURANCE COMMISSION AT CHARTERED INSURANCE INSTITUTE INSURANCE 2015 PROFESSIONAL FORUM
Kari It is always an honour to address my professional colleagues. It is my pleasure to yet again welcome you to this significant Insurance Professional Forum which also doubles as the first since the advent of the government of President Muhammed Buhari the thrust of whose administration is “Change”. For […]
African insurers beware
ALB African insurers buying reinsurance from the London insurance market will have to take into account the Insurance Act 2015, new legislation which comes into effect in August 2016. Garbhan Shanks, a partner with UK law firm Michelmores, investigates the changes. The new Insurance Act 2015 will come into […]
Underwriters intensify efforts to settle outstanding claims
Kari Chuks Udo Okonta Just 11 days to the deadline given to insurance operators by the National Insurance Commission (NAICOM) to settle all outstanding claims, many of them are jostling to comply with the directives, Inspen can report. Investigations revealed that many of the underwriting firms which used to drag […]
UK insurance sector shakeup puts spotlight on Association of British Insurers
By Caitlin Morrison Britain’s insurance market has undergone massive changes over the past year, and a series of megadeals recently taking place in the sector is just one sign of how companies are scrambling to protect themselves against new policies impacting the industry. Chancellor George Osborne famously shook up […]
Faces at the 2015 insurance professionals’ forum
Former Presidents of the Chartered Insurance Institute of Nigeria been honoured at the event in Abeokuta, Ogun State.
The Risks of Buying Cheap Insurance
US News By Geoff Williams You’ve seen the ads. Some insurers promise coverage for extremely low insurance rates, making a big fuss over the great price but saying little about what you’ll get for that price. There’s nothing wrong with wanting a deal, but it’s important to remember that if […]
