By Samson Echenim Consolidated Hallmark Insurance Plc earned a gross premium of N17 billion from Nigeria’s weak aviation industry in 2015, indicating a capacity for a huge insurance market if the aviation industry is well energised. Consolidated Hallmark Insurance is market leader in aviation insurance in Nigeria with 12 aviation […]
Spotlight
Death Of Students: NANS Laments Insurance Coys’ Failure To Pay Entitlements
Achor Abimaje The National Association of Nigerian Students (NANS) has lamented the untimely demise of its members nationwide and said, no effort has been made by the insurance company in charge to pay claims to the families of the deceased. It further bemoaned the inability of the insurance company saddled […]
Sovereign Trust hosts golf tournament
Leave a comment and share Chuks Udo Okonta Sovereign Trust Insurance Plc is set to host the 4th eponymous Open Golf Tournament, billed for March 11-13, 2016 at the Ibadan Golf Club on Onireke Reservation Area, Ibadan. The tournament will bring together some of the country’s finest golfers both at […]
Obama: 20 million Americans insured thanks to ‘Obamacare’
A woman explains healthcare benefits at a Covered California event which marks the opening of the state’s Affordable Healthcare Act, commonly known as Obamacare, health insurance marketplace in Los Angeles, California, October 1, 2013. REUTERS/LUCY NICHOLSON President Barack Obama said on Thursday that some 20 million Americans had become insured […]
Six firms investigated over pension exit and transfer charges
FCA criticises some life insurers, with Prudential and Old Mutual among the companies under scrutiny A Scottish Widows office in Edinburgh. The company became part of Lloyds Banking Group in 2009. Photograph: Murdo Macleod for the Guardian Julia Kollewe Britain’s financial watchdog has strongly criticised the way some life insurance […]
Insurance customers urge NAICOM to increase Takaful insurance scheme awareness
Insurance customers in the Federal Capital Territory (FCT) have called on the National Insurance Commission (NAICOM) to intensify awareness on Takaful Insurance Scheme. The News Agency of Nigeria (NAN) reports that Takaful is an Islamic insurance based on the Quranic principle of mutual assistance. It is a non-interest form of […]
South Africa’s insurer MMI moots exit from some African markets
South Africa’s No.3 insurer MMI Holdings could exit some markets elsewhere in Africa, its spokeswoman said on Friday, the latest company to scale back on the continent once at the heart of executives’ expansion plans. “Given the current economic environment, we are reviewing our presence in certain smaller African markets […]
Angola attends African Insurance Organisation annual meeting in S.A
Luanda – The chairman of the Angolan Agency of Insurance Supervision and Regulation (ARSEG), Aguinaldo Jaime, is participating as from this Thursday in the Second Annual Conference of the African Insurance Organisation, to happen in Johannesburg, South Africa. Speaking to ANGOP before departing last Tuesday, in Luanda’s 4 de Fevereiro […]
Stanbic IBTC Insurance Brokers begins operations
Leave a comment and share Chuks Udo Okonta Stanbic IBTC Insurance Brokers is set to provide bespoke risk management and insurance services in Nigeria, as it has commenced full operations sequel to the granting of a licence by the National Insurance Commission (NAICOM) in January 2016, paving the way for […]
Risk transfer & re/insurance can help bridge Africa’s protection gap
Despite being the second fastest growing insurance market in the world, the majority of African countries report dangerously low insurance penetration, a gap that could be closed with the use of traditional insurance and alternative risk transfer solutions. Speaking at a risk management event in London recently, Allianz Global Corporate […]
