Fajemirokun Leave a comment and share Chuks Udo Okonta The Managing Director/Chief Executive Officer, AIICO Insurance Plc, Babatunde Fajemirokun, has emerged one of the winners in the prestigious Top CEO Award for 2020. A statement by the firm’s Head, Strategic Marketing & Communications, Segun Olalandu, said the award, jointly organised […]
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Adeolu Adewumi-Zer to take over as MD/CEO of Allianz Nigeria
Leave a comment and share Chuks Udo Okonta • Adeolu Adewumi-Zer will take over as MD/CEO of Allianz Nigeria • She will continue to build and transform Allianz Nigeria into a company ready to secure the future of Allianz Africa stakeholders • Allianz Group obtains unanimous shareholder approval to purchase […]
Virtual insurance distribution platform opens
The Hong Kong Federation of Insurers has launched a virtual solution to enable distribution of long-term insurance products via video conferencing. Insurers, who choose this pre-vetted platform in their sandbox application for the distribution of long term insurance policies via video conferencing tools, will not need to go through the […]
African Alliance Board appoints Adekola as Acting MD/CEO
Olabisi Adekola Leave a comment and share Chuks Udo Okonta The Board of Directors of African Alliance Insurance PLc. has appointed Olabisi Adekola as the Acting Managing Director of the foremost insurer effective September 1, 2020. This follows the exit of the immediate past Managing Director of the company, Mrs […]
Dearth of professionals threatens multi-billion Naira marine underwriting
Leave a comment and share Chuks Udo Okonta The Marine Office Committee of Nigerian Insurers Association (NIA), has once again re-echoed that the dwindling knowledge of marine insurance in the market/need to be revamp to enhance technical knowledge of members. The Committee stated this in its 2019/2020 report presented and […]
PenCom, NAICOM to sanction PFAs, RLA providers for mis-selling, de-marketing, other infractions
From left: Acting Director-General, National Pension Commission, Mrs. Aisha Dahir-Umar and Commissioner for Insurance, Sunday Thomas at the signing off the Revised Regulation on Retiree Life Annuity, the Guidelines on Group Life Insurance Policy for Employees and CPS Retiree Pack in Abuja. Leave a comment and share Chuks Udo Okonta […]
UK:Motor claims plunge in 2Q2020
By Ranamita Chakraborty The number of motor insurance claims notified to UK-based insurers in the second quarter of the year fell as expected according to recent figures from the Association of British Insurers (ABI). The fall largely reflected the COVID-19 lockdown period, when far fewer vehicle journeys were made across […]
India:Regulator forms committee to study life insurance index-linked products
The IRDAI has constituted a six-member committee to examine various aspects of index-linked products in the life insurance segment, the regulator announced in a statement. The IRDAI said that it formed the panel following requests from various life insurance companies to allow them to sell index-linked products. Current regulations do […]
Demand spike for new COVID-19 insurance products
By Jimmy John Over 1.5m people have been covered under the recently introduced Corona Kavach and Corona Rakshak insurance plans. With around 3.7m COVID-19 cases in the country, the pandemic has led to more people buying health insurance policies. The two COVID-19 specific policies were launched by insurance companies in […]
FBNInsurance-Sanlam meets brokers, pledges quality service delivery
Ojumah Leave a comment and share Chuks Udo Okonta FBNInsurance together with its subsidiary, FBN General Insurance and the new owners, the Sanlam Group, recently hosted brokers in a virtual Brokers Forum, pledging to provide excellent services to teeming clients. The Forum was aimed at welcoming the Brokers to the […]
