By Brendyn Lotz One upside of lockdown is that my smartphone rarely leaves my desk and as a result, it hasn’t hit the floor at all in the last four months. That having been said, accidents do happen and if you’re an MTN customer the mobile network has introduced three […]
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NSE cautions investors against Staco Insurance, IEI, three others for failure to file accounts
Leave a comment and share Chuks Udo Okonta The Nigerian Stock Exchange (NSE) yesterday advised investors to trade with caution on the securities of five insurance companies due to the absence of up to date financial information on them. According to the NSE, the four companies are: Goldlink Insurance Plc; […]
FBI sees spike in fraudulent unemployment insurance claims
The FBI has seen a spike in fraudulent unemployment insurance claims complaints related to the ongoing COVID-19 pandemic involving the use of stolen personally identifiable information (PII). US citizens from several states have been victimised by criminal actors impersonating the victims and using the victims’ stolen identities to submit fraudulent […]
Major UK insurer offers travel insurance refunds following lockdown
Zurich UK has announced that it will be returning GBP300,000 ($375,808) to travel insurance policyholders and is now in the process of offering a refund or rescheduling cover for every single policy holder (8,000 customers) who were unable to travel during the UK’s lockdown. “Travel insurance is designed to protect […]
Efekoha bows out of office July 15, gives account of stewardship
Efekoha Leave a comment and share Chuks Udo Okonta The Outgoing President of the Chartered Insurance Institute of Nigeria (CIIN), Eddie Efekoha, whose tenure is set to end on Wednesday, July 15 2020, has said he is satisfied with achievements he recorded in the last two years at the helms […]
NSIA Insurance posts N9.19bn GPI in 2019
Ighodalo Leave a comment and share Chuks Udo Okonta Shareholders of NSIA Insurance Limited at the firm’s Annual General Meeting (AGM) which held on Tuesday, June 30, 2020 via teleconferencing, adopted all the resolutions submitted and approved a dividend payment of 1.45k (N0.0145k) per share for the 2019 financial year. […]
Insurance Brokers caution on commercial implications of coronavirus
Leave a comment and share Shaibu Ali, the Vice President of the Insurance Brokers Association of Ghana, has urged brokers to carefully assess the commercial implications of the COVID-19 pandemic on their clients to protect themselves from the risk of claims. Mr Ali, who is also the CEO of KEK […]
Old Mutual confirms permanent CEO
Financial services firm Old Mutual Limited has announced the appointment of acting chief executive officer Iain Williamson as its permanent head. The move ends more than a year of uncertainty over who will lead one of South Africa’s biggest insurers following the suspension and subsequent sacking of former CEO Peter […]
Risk professionals urged to leverage opportunities during COVID-19
By Ranamita Chakraborty A recent research report from Airmic, a UK-based association for risk and insurance professionals, demonstrated that the scale and velocity of the COVID-19 pandemic took many organisations by surprise. At the same time, it found that risk professionals are receiving more board time than ever before as […]
AM Best Assigns Credit Ratings to WAICA Reinsurance Corporation PLC
Group Managing Director, WAICA Re, Abiola Ekundayo Leave a comment and share Chuks Udo Okonta AM Best has assigned a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of “bbb-” to WAICA Reinsurance Corporation PLC (WAICA Re) (Sierra Leone). The outlook assigned to these Credit Ratings […]
