By Ranamita Chakraborty The number of adults in the US without health insurance rose by 5.4m in the first three months after the first COVID-19 diagnosis in the country, according to a new report. “Families in America are losing comprehensive health insurance in record numbers. This creates particularly serious dangers […]
Spotlight
Insurance capital raising – Bolstering existing firm’s or funding start-ups?
Leave a comment and share While the global response to the COVID-19 pandemic has contributed to an unprecedented economic slowdown across the world, potentially reducing the value of insurable risk, market dislocation is creating attractive opportunities for insurers in some lines of business. In response, capital is coming into the […]
COVID-19 budget could rejuvenate life insurance market
By Ranamita Chakraborty The UK government’s recent COVID-19 emergency ‘mini budget’ has the potential to stimulate demand in the life insurance market according to data and analytics firm GlobalData. Last Friday, the government unveiled budget measures worth up to GBP30bn ($37bn) including a stamp duty cut on house purchases of […]
Global (re)insurer suggests public-private pandemic BI scheme
By Ranamita Chakraborty Chubb has proposed that a public-private partnership programme that provides business interruption (BI) insurance for enterprises in the US can be implemented before the next pandemic strikes. The (re)insurer’s suggested pandemic BI scheme comprises a programme for small businesses that provides an immediate cash infusion when a […]
Lloyd’s collaborates with three start-ups for COVID-19 innovations
By Anoop Khanna Lloyd’s has started work with three new InsurTechs to help the market respond to the COVID-19 pandemic. As part of its package of measures announced to respond to COVID-19, Lloyd’s has reimagined and expanded the scope, process and timings for new applicants to the Lloyd’s Lab innovation […]
NCRIB executive secretary Adegbenro marks birthday today
Adegbenro * Inspenonline wishes him wonderful years ahead Leave a comment and share Chuks Udo Okonta The burden of writing felicitations for a man like the Executive Secrrtary of the Nigerian Council of Registered Insurance Brokers (NCRIB) Fatai Adegbenro, is a difficult one, because of the different dimensions of goodness […]
Desired insurance retail penetration: The “Baba Alajo” as a metaphor
Tope Adaramola One thing that is constant in life is change. Through times and ages, societies have often found ways to thrive. Human beings have figured out ways to add value to each other in order to have a rewarding and fulfilling life, and by so doing, maintain societal economic […]
FBNInsurance pays N4.4bn claims in 6 months
Ojumah Leave a comment and share Chuks Udo Okonta FBNInsurance Limited has displayed resilience in its business strategy despite the negative impact of the coronavirus pandemic on the Nigerian economy. The company recently paid the sum of N4.4 billion in claims to its customers in the first half of the […]
PILA condemns rising cases of rape, domestic violence against women
Joyce Ojemudia Leave a comment and share Chuks Udo Okonta The Professional Insurance Ladies Association (PILA) has joined the civil society groups, Non-governmental organisations and other well meaning Nigerians home and abroad to condemn in totality the rising cases of rape, assault and domestic violence against women. PILA said this […]
Eyes on set goals
Mrs. Nwachukwu We are pleased to have met the set goals for the financial year of 2019 and we expect to significantly grow our income for better competitive edge. We look forward to growing capacity by 25% before the end of 2020 even as we plan for a 30 per […]
