SAO PAULO | BY ANA MANO Insurers who sell policies limiting executives’ liability from lawsuits have seen a surge in business thanks to a sprawling Brazilian corruption probe involving state-controlled Petroleo Brasileiro SA and a rash of corporate bankruptcies. The country’s so-called Directors & Officers (D&O) insurance market has more […]
Spotlight
Motor Vehicle Bill to make it mandatory for government vehicles to buy insurance
In a move that will result in bumper business for insurance companies, the New Motor Vehicle Bill, passed by the Cabinet on Wednesday, proposes to make it mandatory for government owned vehicles to buy third party insurance, said sources. This could prove to be a game changer of sorts for […]
Old Mutual and UAP in historic merger
By Ephraim Maina A new Integrated Customer Care center, which amalgamates UAP insurance, Old Mutual and Faulu Microfinance Bank has opened its doors in Nairobi, ushering a new dawn to a complete merger between the two insurance providers and the microfinance institution. The one stop shop will be offering financial […]
Is the President insured?
“Soldier go, soldier come, but protect the current one” — A popular cliché modified by Author. It was about 3pm on a cold Tuesday afternoon July 24, 2012. The weather was similar to today’s. I had just returned from a business lunch at the Ghana Institution of Engineers. I drove […]
AXA: A French-Based Forsaken Financial Colossus
Summary AXA is a worldwide financial services provider which is one of the leaders in the insurance market. AXA increased year after year its paid dividend without affecting its ability to invest in new businesses. Despite the current events (low rate environment, Brexit), AXA is oversold (25% safety margin). Q2 […]
Allianz, SOS Children’s Villages focus on social inclusion
• Global partnership aims to give young people better opportunities, skills and networks • Allianz employees run 34 times around the world at the first Allianz World Run to raise money for 12 SOS children’s villages, setting a new world record • The partnership is part of Allianz’ “Encouraging Future […]
Royal Exchange to list N3bn bonds at the Stock Exchange by October
From left: Sheila Ezeuko, group general manager/legal counsel, Royal Exchange Plc ; Ade Bajomo, executive director, market operations and technology, Nigerian Stock Exchange ( NSE); Auwalu Muktari, group managing director, Royal Exchange Plc, and Adeyinka Ojora, director, Royal Exchange Plc, during the closing gong ceremony at the NSE by the […]
Govt plans automation of insurance premium
If plans by the Minister of Finance, Mrs Kemi Adeosun, to deplore the use of technology to monitor vehicles in the country succeeds, motorist will be automatically charged insurance premium for third party motor policy, The Nation has learnt. Commissioner for Insurance, National Insurance Commission (NAICOM), Mohammed Kari, told a […]
Why Insurance Industry’s Growth in Tanzania Is Slow
The Citizen (Dar es Salaam) OPINION By Ludger Kasumuni Dar es Salaam — Tanzania’s insurance market is not growing at the required level due to lack of updated actuarial studies to ascertain market trends for designing new products and techniques of attracting new customers, stakeholder says. President of the Tanzania […]
For rejecting claim, insurance firm directed to pay Rs. 15 lakh
The District Consumer Redressal Forum, Hyderabad-lll, on July 25 directed Birla Sun Life Insurance Company Limited to pay a policy amount of Rs. 15 lakh from date of claim till realisation, along with a compensation of Rs. 2 lakh for rejecting the claim “without unjust and valid reasons”. The ruling […]
