Ezekiel Enejeta Moroccan insurance Company, Saham Finances, one of the biggest Pan African insurance Groups is considering another major investment in Nigeria, after two initial investments that enhanced the take up of bigger ticket risks by local players, sources familiar with this development tell BusinessDay. The Company which bought a […]
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Uganda to host 2017 African Insurance Conference
Total African premiums totalled $69b in 2014 down from $72b in 2013 By Samuel Sanya Uganda will host the 44th annual African Insurance Organization (AIO) and General Assembly in May 2017, Kaddunabi Lubega the Insurance Regulatory Authority (IRA) has revealed. AIO has 326 members: 315 of them from 45 countries […]
NAICOM moves to expand insurance distribution space
Leave a comment and share Chuks Udo Okonta Worried by effects of the limited channels of insurance distribution in the country, the National Insurance Commission (NAICOM), has initiated moves to create additional vehicles to convey insurance products to the public. The Commissioner for Insurance Mohammed Kari, who disclosed this at […]
Insurer launches UK’s ‘first driverless car policy’
The company Adrian Flux has launched what it claims to be the UK’s first personal driverless car insurance policy. The policy is designed for consumers who already have driverless features in their cars, such as self-parking, or are thinking of buying a car with autopilot features. Fully self-driving cars are […]
Benefits of digitising insurance
All service requests with regards to the e-insurance account or any of the electronic policies can be submitted online or at any of insurance repository’s service points. People use their mobile phones for just about everything now. Though Internet banking has been available for many years, the advent of mobile […]
AXA Group diversifies into farm insurance program for rice farmers
Paris-based AXA Group will expand its farm insurance program after the success of its pilot project in Malang, East Java, for which 1,000 farmers and 1,000 hectares registered last month, Albertus Wiroyo, the president of Mandiri AXA General Insurance, said here on Saturday. The farmer insurance program is called parametric […]
Guinea Insurance hosts CIIN 2016 fitness walk
Leave a comment and share Chuks Udo Okonta Guinea Insurance Plc (GI) has partnered the Chartered Insurance Institute of Nigeria (CIIN) to ensure that the recently held “street presence” exercise in Lagos was seamless and successful. The company hosted the pre-walk reception of the institute’s members at its Corporate Head-office […]
NAICOM unearths malpractices by insurers, state governments
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) said it has found under the table arrangements where insurance policies are being offered in conjunction with various state governments to unsuspecting public. The Commissioner for Insurance Mohammed Kari, disclosed this at the 2016 annual Chief Executive […]
Sovereign Trust Insurance pays N.3bn claims in first quarter 2016
Soyinka Leave a comment and share Chuks Udo Okonta Sovereign Trust Insurance Plc has continued to demonstrate avowed commitment towards prompt claims settlement as the underwriting firm paid out a total sum of N386,933,565.26, as claims in the first quarter of the year. A statement released by the organisation stated […]
Half of British motorists admit they’re perplexed by what they pay for car insurance and how it’s worked out
By ROB HULL What am I covered for? Co-op’s survey found many people didn’t understand what their policy covered. Some 42 per cent of motorists didn’t know their insurance provides cover if another driver claims personal injury compensation following an accident that is their fault The vast majority of motorists […]
