The government is working towards widening the scope of insurance under the Rajiv Gandhi Jeevandayi Arogya Yojna (RGJAY) and may bring all organ transplants under its ambit. It is also considering revision of the insurance amount, said union surface transport minister Nitin Gadkari here on Saturday. He was speaking at […]
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NIA commiserates with families of Lekki building mishap
• Drums need for insurance Leave a comment and share Chuks Udo Okonta The Nigerian Insurers Association (NIA) commiserates with the families of those who lost their lives in the collapse five-storey building in Lekki, which claimed about 34 lives including artesans, labourers, hawkers, women and children while the number […]
Economic downturn: Insurance operators seek survival measures
Leave a comment and share Chuks Udo Okonta Worried by the present economic challenges which may likely lead to decline in gross premium this year, the Chartered Insurance Institute of Nigeria (CIIN) in collaboration with the Lagos Business School (LBS) have concluded plans to hold an international seminar, which would […]
Rating Action: Moody’s reviews Standard Insurance Limited’s IFS rating for downgrade following action on the South African sovereign
Moody’s Investors Service, (“Moody’s”) has placed the A1.za national scale insurance financial strength (IFS) rating of Standard Insurance Limited (SIL) on review for downgrade. Today’s rating action follows the review for downgrade of the Baa2 debt rating of the Government of South Africa, which reflects the deterioration in the credit […]
Old Mutual to break up into four parts
Oliver Ralph in London and Andrew England in Johannesburg Old Mutual is to break itself up into four parts in a dramatic effort by new chief executive Bruce Hemphill to revive flagging investor enthusiasm. The £9.5bn financial services group said on Friday that by the end of 2018 it would […]
Sanlam full-year profit little changed as life insurance slumps Dividend up 9% to 245 cents per share.
Sanlam, the largest South Africa-based insurer, said full-year profit rose 2.3% after the value of new life business slumped and growth in its home market slowed. Net income for the 12 months through December climbed to R8.94 billion ($587 million) from R8.74 billion a year earlier, the Cape Town-based company […]
Old Mutual plans break-up
Oliver Ralph Shares in Old Mutual rose more than 10 per cent on Monday morning driven by expectations of a break-up that could see the FTSE 100 insurance group split into four parts. Chief executive Bruce Hemphill, who has only run the group since last November, is likely to confirm […]
Potential buyers ‘are showing an interest in Barclays Africa’
BARCLAYS Africa said there is no lack of interest from buyers seeking a stake in SA’s third-largest lender as Barclays prepares to reduce its 62.3% holding to less than 20%. The London-based bank’s interest would not be “sold in the short term and a number of players will have a […]
FBN Insurance deploys 3i Infotech’s End to End Premia Insurance Suite
FBNInsurance’s top executives 3i Infotech, a global technology solutions and services enabler today announced the successful implementation of their marquee product Premia™ Insurance Suite at FBN Insurance, Nigeria(West Africa). FBN Insurance (jointly owned by FBN Holdings Plc and Sanlam Emerging Markets, South Africa) is one of the leading Life and […]
My agenda for insurance industry – Kari
Leave a comment and share Chuks Udo Okonta The Commissioner for Insurance, Mohammed Kari, has unveiled his agenda for the repositioning of the nation’s insurance industry, with emphasis on continuing with all initiatives started by his predecessor. He told Inspen that his main objective is to continue all the […]
