South African insurance group Sanlam has agreed to establish one of the largest Black-owned money management firms in the country through a deal with African Rainbow Capital Financial Services. The deal will see ARC FS take a 25% stake in Sanlam’s South African third-party money management business, Sanlam Investments. The […]
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FBNInsurance boosts customers service with robust payment channels
Ojumah Leave a comment and share Chuks Udo Okonta FBNInsurance Limited, a foremost insurance company in Nigeria and a member of the Sanlam Group, said it is adequately positioned for the new norm as it has upgraded her digital capabilities and platforms to effectively serve customers, through various payment channels. […]
NAICOM underscores impacts of COVID-19 on insurance regulation
Thomas Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has said it is adjusting to the challenges and opportunities which the COVID-19 pandemic has imposed on the socio-economic and business environment. The Commissioner for Insurance, Sunday Thomas, who disclosed this today at the Nigerian Council […]
Macroeconomic uncertainty poses risk to insurers’ balance sheets
By Ranamita Chakraborty With corporate bonds constituting a majority of the insurance industry’s assets, the balance sheets of insurers are now at risk due to recent coronavirus-induced macroeconomic uncertainty. This finding was revealed in a new AM Best special report titled ‘Corporate bond holdings pose risk to insurers’ balance sheets’. […]
Virtual reinsurance renewal season supports insurers during pandemic
By Ranamita Chakraborty In the absence of usual face-to-face industry conferences and meetings during the COVID-19 pandemic, Aon has launched its virtual reinsurance renewal season for insurers. On this occasion, the broker has also called upon the (re)insurance industry to collaborate in order to bring capital closer to clients’ needs […]
Egypt:Hit-and-Run Accident Fund pays lower compensation due to COVID-19 lockdown
By MEIR team The government-run Hit-and-Run Accident Fund, which covers damage caused in hit-and-run accidents, has paid EGP136.1m ($8.5m) during the last fiscal year which ended on 30 June 2020 (FY2020). This was 2% lower compared to compensation of EGP139m paid the previous fiscal year. Mr Mohsen Ismail, chairman of […]
Africa:Moving closer to pandemic insurance solution
By Osama Noor Africa is one-step closer to an insurance solution for future pandemics, after Africa Risk Capacity (ARC) and Africa Centres for Disease Control and Prevention announced two modelling solutions for pandemic risk: COVID-19 Potential Outcomes Scenarios and COVID-19 Spread Simulation Tool for Africa. The tools will help African […]
African Trade Insurance Agency appoints Manuel Moses new Chief Executive Officer
Manuel Moses Leave a comment and share Chuks Udo Okonta Manuel Moses, a veteran of the World Bank’s IFC, has been appointed the new Chief Executive Officer of African Trade Insurance Agency (ATI) (http://www.ATI-aca.org). He will assume office on 1 November, 2020; In the interim, Ms. Toavina Ramamonjiarisoa, ATI’s Chief […]
Allianz appoints Deon Venter as Head of Allianz Risk Consulting in Africa
Deon Venter Allianz Global Corporate & Specialty (AGCS) appointed Deon Venter as Head of Allianz Risk Consulting (ARC) in Africa effective August 1, 2020. He reports to Eva Poujardieu, ARC’s Regional Manager for the Mediterranean and Africa Region at AGCS and Thusang Mahlangu AGCS CEO in South Africa. Deon joined […]
NIA courts House of Representatives on insurance growth, visits Gbajabiamila
Speaker of House of Representatives, Rt. Hon. FEMI GBAJABIAMILA (middle) flanked by NIA Chairman Mr. Ganiyu Musa and Director General of the Association, Mrs. Yetunde Ilori and other Principal Officers of the National Assembly and a delegation of the Association. Leave a comment and share Chuks Udo Okonta Chairman of […]
