The banking and insurance regulator of China said that the insurance industry in the country has contributed a total of USD2.33 trillion for the real economy at the end of the starting quarter of the current year in China. Data published by the China Banking and Insurance Regulatory Commission (CBIRC) […]
Spotlight
Leadway Assurance holds virtual AGM, pays N38.5bn claims in 2019
* Grows total assets by 26% to N394bn Leave a comment and share Chuks Udo Okonta Leadway Assurance Company Limited has held its 48th Annual General Meeting (AGM) via a virtual platform in strict compliance with social distancing recommendations by the World Health Organisation (WHO), the Federal and the State […]
US:Lawmaker proposes Pandemic Risk Insurance Act
By Amir Sadiq Congresswoman Carolyn Maloney, a senior member of the House Financial Services Committee, has joined with various stakeholders to introduce the Pandemic Risk Insurance Act of 2020 (PRIA). This legislation will create the Pandemic Risk Reinsurance Program, a system of shared public and private compensation for business interruption […]
China:A new ecology of insurance marketing has arrived
By Vincent Liu Liang Affected by the new coronavirus pandemic, the transformation of insurance agents’ marketing model is particularly profound. While insurance agents’ face-to-face sales channels have been disrupted since the COVID-19 outbreak, online marketing methods have ushered in new growth opportunities. In turn, many large insurance companies in China […]
Joyce Ojemudia becomes new PILA President
Mrs. Ojemudia Leave a comment and share Chuks Udo Okonta Professional Insurance Ladies Association (PILA) has elected Mrs. Joyce Ojemudia as new President to drive its affairs for the next two years. Ojemudia who takes over from Mrs. Ose Oluyanwo becomes the 13th President of PILA, which serves as an […]
AIO mourns Houngue, former MD NSIA Assurance Benin
Houngue Leave a comment and share Chuks Udo Okonta The African Insurance Organisation (AIO) said the insurance industry is bereaved, as Alain Lath Houngue, former Managing Director of NSIA Assurance Benin is no more. AIO said on its Twitter handle that he died on the May 26, 2020. “The Secretary […]
Pandemic could spur 83m Americans to buy life insurance
By Anoop Khanna A recent survey by ValuePenguin found that worries over personal safety drive heightened interest in life insurance coverage – while the coronavirus pandemic has exposed many areas where we are not nearly as prepared as we thought. The survey found that when asked whether the coronavirus situation […]
AIICO Insurance posts N17.6bn gross written premium in Q1 2020
Fajemirokun Leave a comment and share Chuks Udo Okonta AIICO Insurance Plc said it reported Gross Written Premium (GWP) of ₦17.6 billion, which is up by 23 per cent from N14.3 billion achieved the same period in 2019. A statement by the firm’s Head, Strategic Marketing & Communications Department, Segun […]
Inspenonline editor Chuks Udo Okonta emerges runner-up as Continental Re honours top African Journalists at virtual awards
Chuks Leave a comment and share •77 business reporters from 15 French and English African countries participated in the 2020 Pan African Re/Insurance Journalism Awards Leading Pan African Reinsurance firm, Continental Reinsurance Plc, today honoured winners of its 2020 Pan African Re/Insurance Journalism Awards at a virtual awards ceremony following […]
COVID-19: Insurer reduces CEO remuneration, cancels dividend
Leave a comment and share According to an official statement, SCOR chairman and CEO Denis Kessler “has proposed to the compensation and nomination committee that his annual variable compensation for the 2019 fiscal year be reduced by 30% compared to the amount mentioned in the 2019 URD published on March […]
