TELEMATICS-based insurance is still a niche, representing only around 2.5% of the South African retail vehicle insurance market. As the technology gets better and cheaper, insurers expect its popularity to grow. There are about 12-million customers with telematics-based policies around the world. This will increase to 100-million by 2020, according […]
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Help SMEs build financial capacity. Pelpuo urges insurance companies
The Minister of State in charge of Private Sector Development at the Presidency, Mr Rashid Pelpuo, has called on insurance companies to provide financial guarantee for small and medium enterprises (SMEs) to build their financial capacity. He observed that the lack of funding for SMEs was a major challenge to […]
Senzo Meyiwa’s two children, including daughter with Kelly Khumalo, benefit from PSL insurance policy
A file photo of Sam Meyiwa with Danny Jordan and Irvin Khoza during the funeral service of the late Senzo Meyiwa. Image by: Anesh Debiky/Gallo Images Marc Strydom The Premier Soccer League on Wednesday announced the payment of a R4 million life policy on murdered Bafana Bafana and Orlando Pirates […]
Insurance Premium Sets to Grow through Digital Marketing
Leave a comment and share Chuks Udo okonta In a bid to enhance penetration and grow the Insurance premium, the Corporate Affairs Committee of the Industry trade association Nigeria Insurers Association popularly known as CAMCONIA is set to engage in a professional interactive session at her monthly meeting holding on […]
Wapic Insurance recapitalises
Wapic Insurance has announced its compliance with the National Insurance Commission’s (NIC) recapitalisation requirement, with the injection of fresh funds which have raised its capital base to GH¢17.1 million, above the GH¢15 million minimum quota. The company said in a statement that the regulatory recapitalisation directive was in line with […]
Ford F-150 Gets Highest Rating in New Insurance Crash Tests
By dee-ann durbin, ap auto writer The 2016 Ford F-150 is the only full-size pickup truck to score the top rating in new front crash tests performed by the insurance industry. Rival pickups from Chevrolet, GMC, Ram and Toyota didn’t fare as well, according to results released Tuesday by the […]
New tech to wipe £14bn off UK car insurance premiums
£150m connected roads trial to go live next year. The technology and driver assistance systems will have a huge impact on insurance costs. Radar, WiFi roads and autonomous cars will be trialled in the UK by the end of 2017 as part of a £150million Government project. Unveiled by Highways […]
IPEC fights insurance fraud
Golden Sibanda Senior Business Reporter The Insurance and Pension Commission is working with the insurance firms to put tamper proof features on cover notes to deter fraud. This comes as a significant number of people have lost money and assets believing they were insured, yet they would have been issued […]
NIA lauds Fed Govt’s N14.69b vote for Group life, others
Thomas The Nigeria Insurers Association has commended the Federal Government for earmarking N14.69 billion insurance premium for Group Life Insurance for its workers and assets. NIA’s Director-General, Sunday Thomas in an interview said the government has done well, adding that there was need for more in terms of insurance of […]
IGI gets NAICOM’s go-ahead to restructure assets
Leave a comment and share Chuks udo Okonta The National Insurance Commission (NAICOM) has approved plans by the Industrial and General Insurance Plc (IGI) to convert part of its long-term assets to liquidity. With the approval, IGI can now restructure its massive investment in real estate and subsidiaries, amounting to […]
