SilverBridge and Astute Financial Services Exchange have partnered to deliver a fully automated intelligent claims processing solution. The system uses Artificial Intelligence (AI) modelling of insurer expert decision-making which enables claims to be processed in real-time while providing maximum risk oversight. “Astute has a proven reputation within the insurance industry […]
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5,453 firms seeking govt jobs remit N14.56bn pension contributions
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) said N14.56 billion was remitted to 70,982 employees’ Retirement Savings Accounts (RSAs) by the 5,453 organisations, that sought government contracts/jobs as third quarter of 2019. PenCom noted that it received a total of 5,600 applications for the […]
5G technology to propel insurance industry transformation
5G technology will play an increasingly role in the insurance industry, used at the beginning to the end of insurance-related processes and transforming the sector, says the secretary general of the Office of Insurance Commission (OIC) , Dr Suthiphon Thaveechaiyagarn. 5G technology will play a role in the process of […]
World’s insurers await UK COVID ruling with billions at stake
*FCA is seeking clarity on disputed language in so-called business-interruption policies Insurers battered by coronavirus are about to find out how much worse the damage could get. A London court is set to rule Tuesday in a case involving about 370,000 policyholders, companies including Zurich Insurance Group AG and Hiscox […]
Young woman deliberately saws off own hand to claim £1million in insurance fraud
Julija Adlesic Julija Adlesic, 22, told doctors she accidentally severed her hand while cutting branches, but a court found that she intentionally cut it off with a circular saw after taking out five insurance policies By Chris Kitching Senior News Reporter A young woman who deliberately sawed off her left […]
US okays $1.5bln insurance for Mozambique gas project
The US has set aside US$1.5 billion for political risk insurance in the gas-rich northern Mozambique region ravaged by an Islamist insurgency for the past three years, its Maputo embassy said Thursday. The International Development Finance Corporation (DFC) has “agreed to provide up to $1.5 billion in political risk insurance […]
Continental Reinsurance takes full ownership of Botswana subsidiary
Leave a comment and share Chuks Udo Okonta Continental Reinsurance Plc has taken up a 40 per cent minority stake in its Botswana subsidiary (Continental Reinsurance Ltd), giving the company a 100 percent holding of the issued ordinary share capital in the local unit. The acquisition was conducted through its […]
Recapitalisation: Law Union & Rock Insurance Shareholders accept new investor’s offer
From left: Non-Executive Director, Law Union & Rock Insurance Plc, Mrs Onome Adewuyi; Managing Director/CEO; Ademayowa Adeduro; Chairman, Remi Babalola; Company Secretary, Stanley Chikwendu; and Executive Director, Olasupo Sogelola at the 51st Annual General Meeting of company held in Lagos. Leave a comment and share Chuks Udo Okonta Shareholders of […]
ILAN President pushes for more female in loss adjusting business
From left: Outgoing President Institute of Loss Adjusters of Nigeria, Alhaji Femi Hassan, Newly Sworn-in President ILAN, Mr. Reginald Egbuniwe, Administerer of Oath Odion Aideloje and Past President ILAN Chief Lebi Omoboyowa during the Investiture of Egbuniwe as the 12th President of the Institute of Loss Adjusters of Nigeria in […]
Expert applauds NAICOM, PenCom over new rules on retiree life annuity
Takor Leave a comment and share Chuks Udo Okonta A Legal Practitioner and the Executive Director, Centre For Pension Right Advocacy, Ivor Takor, has lauded the steps taken by the National Insurance Commission (NAICOM) and National Pension Commission (PenCom) in addressing challenging clogging the marketing of Retiree Life Annuity (RLA) […]
