Author: Charlie Wood The African Risk Capacity Limited (ARC Ltd), a commercial subsidiary of African Risk Capacity Group (ARC Group), has signed a partnership agreement with Pula to help provide agriculture index insurance products to the continents’ farmers. african-risk-capacity-logoAfrican farmers are exposed to a range of climate risks including drought, […]
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Lloyd’s of London CEO expects appeal over UK business insurance judgment
Lloyd’s of London [SOLYD.UL] Chief Executive John Neal said on Thursday he expected a London judgment, which ordered some insurers to compensate struggling businesses for losses during the COVID-19 pandemic, to be appealed. London judges ruled that some of the world’s biggest insurers were wrong to reject tens of thousands […]
Royal Exchange posts N14.21bn gross written premium in 2019
From left: Group Managing Director, Royal Exchange Plc, Olawale Banmore; Director, Hewett Benson; Company Secretary, Sheila Ezeuko; Director, Rufai Mohammed and Director Adeyinka Ojora at the event. Leave a comment and share Chuks Udo Okonta Royal Exchange Plc, Nigeria’s premier insurance and financial services group, has announced its results for […]
AIICO reinstates commitment with NAIPCO on bolstering insurance awareness
Fajemirokun Leave a comment and share Chuks Udo Okonta AIICO Insurance Plc has promised to continue to pursue its commitment to deepen insurance penetration, education and awareness in the country. Making the pledge during a breakfast meeting with the new executives of the National Association of Insurance and Pension Correspondents […]
Digital platforms reshaping insurance business – Ebose
Ebose Leave a comment and share Chuks Udo Okonta The Managing Director/Chief Executive Director, Anchor Insurance Company Limited, Ebose Augustine has said following the effects of coronavirus pandemic on business landscape and the economy, 50 per cent of insurance businesses are presently done through digital platforms. Ebose, who stated this […]
Regulator says 95% of MSMEs lack insurance
Insurance regulator IRDAI has said that only 5% of micro and small and medium-sized enterprises are insured, a situation brought into prominence by the COVID-19 pandemic. To narrow the insurance gap, the regulator will direct insurance companies to mandatorily offer a standardised cover for this segment, reported Times of India. […]
Life insurers provide $58.4m in premium relief assistance
By Cynthia Ang South African life insurers provided more than 458,000 policyholders with premium relief assistance to the value of over ZAR1bn ($58.4m) between March and July this year, in an effort to help policyholders whose earnings were impacted by the COVID-19 lockdown preserve their risk cover and savings policies, […]
Royal Exchange will surely recapitalised – Chairman
From left: Group Managing Director, Royal Exchange Plc, Olawale Banmore; Director, Hewett Benson; Company Secretary, Sheila Ezeuko; Director, Rufai Mohammed and Director Adeyinka Ojora at the event. Leave a comment and share Chuks Udo Okonta The Chairman of Royal Exchange, Kenny Odogwu, has expressed optimism that the the company will […]
DStv decoder insurance
DStv Explora 3A By Oluniyi D. Ajao The insurance industry in South Africa is massive and entrenched into every facet of the economy. From cellphone insurance, through car insurance to home insurance, the industry has many players vying for your business. One of the specialised ones is the company that […]
109,284 retirees get en-bloc payments totaling N27.09bn – PenCom
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has said 109,284 retirees whose Retirement Savings Account (RSA) balances were N550,000 or below and considered insufficient to procure a Programmed Withdrawal (PW) or Annuity received an en-bloc payments totaling N27.09 billion from inception of the Contributory […]
