From left: Deputy Commissioner, Technical, NAICM, Sabiu Bello Abubakar; Director, Research, Statistics and Publications, Alhaji Adamu Balanti and Head, Corporate Communications & Market Development, Rasaaq Salami at the event. Leave a comment and share Chuks Udo Okonta Determined to elevate the nation’s insurance sector to a globally compliant entity, the […]
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NAICOM to unveil IT guidelines for insurance sector
Thomas Leave a comment and share Chuks Udo Okonta Information Technology (IT) guidelines that would revolutionised insurance operations would be unveiled very soon, the Commissioner for Insurance, Sunday Thomas, has said. Thomas disclosed this yesterday at the dinner of 2020 Seminar for Insurance Journalists, holding at Uyo, Akwa Ibom State, […]
Motorists to pay Sh3,000 via insurance for road damages
Motorists will pay up to Sh3,000 through their annual car insurance to cover for damages of road assets if amendments to law are adopted. The Kenya Roads Board (KRB) is seeking to set aside between Sh500 and Sh3,000 from the annual third party covers to be spent on replacement of […]
PenCom approves appointment of Mrs. Idu Okwuosa as MD Access Pension Fund Custodian
Mrs. Idu Okwuosa Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has approved the appointment of Mrs. Idu Okwuosa as the Managing Director of Access Pension Fund Custodian Limited. PenCom stated this in a publication entitled: ‘Approval for Appointment to Board and Top Management Positions’ […]
UK:Government finds insurers ‘disappointing’
By Anoop Khanna The UK government has criticised as ‘disappointing’ the approach by a number of insurers in deducting the impact of government grants from COVID-19 claims payments. In a letter addressed to the Association of British Insurers (ABI) on 25 September 2020, Britain’s economic secretary to the treasury and […]
Motor insurers should partner with car-sharing firms
By Ranamita Chakraborty The insurance industry faces significant implications as COVID-19 lockdowns and an increase in working from home worldwide has limited the need to own private vehicles which will cause more consumers to consider new models of vehicle ownership The number of private motor insurance policies in force is […]
Allianz sued for alleged investment mismanagement
By Ahmad Zaki Pension funds for truckers, teachers and subway workers have lodged lawsuits in the US against Allianz for allegedly failing to safeguard their investments during the coronavirus market meltdown. Market panic around the virus that resulted in billions in losses earlier this year scarred many investors, but no […]
Jubilee Insurance, Allianz force strategic partnership
Leave a comment and share Chuks Udo Okonta • Partnership covers general insurance in five East African countries • It aims to expand and broaden the insurance markets across East Africa • Transaction is subject to regulatory approvals Jubilee Holdings Limited (“JHL” or “Jubilee Insurance”), East Africa’s largest insurance group, […]
Leadway Assurance celebrates 50 years of insuring happiness
From right: Managing Director/CEO, Leadway Assurance, Tunde Hassan-Odukale; Executive Director, Leadway Assurance, Ms. Adetola Adegbayi; Chief Executive Officer, Leadway Asset Management, David Alao, Managing Director/CEO, Leadway Pensure, Mrs. Aderonke Adedeji; Managing Director/CEO, Leadway Capital & Trusts, Ayodeji Wuraola, and Immediate past MD/CEO, Leadway Assurance and current Chairman, Leadway Holdings, Oye […]
African Risk Capacity expands cover to non-sovereign risk transfer buyers
The African Risk Capacity (ARC), which has so far provided parametric disaster insurance products to countries in Africa, is set to expand its client base to include non-sovereign actors, as it looks to grow and diversify its portfolio of risks. african-risk-capacity-logoThe African Risk Capacity (ARC) has only provided risk transfer […]
