OPPORTUNITIES: Liberty CEO Thabo Dloti says the group wants to expand in Africa through partnerships. Picture: MARTIN RHODES INSURER Liberty is looking to acquire stakes in private equity businesses as part of its strategy to bolster the capabilities of its asset manager, Stanlib. Liberty is also looking at opportunities to […]
Spotlight
Life Insurance including Reinsurance in South Africa 2015
/PRNewswire/ — Life Insurance Sector: This report focuses on the latest developments in South Africa’s life insurance sector, which is the largest life insurance market on the African continent and in US dollar terms is the 15th-largest life insurance market in the world. With benefit payments of R366.8bn and assets […]
Africa ‘must close insurance gap’ to sustain economic growth
Sub-Saharan Africa has opportunities for growth in the corporate and industrial insurance market but the region needs to increase its insurance penetration for future economic development, according to Allianz Global Corporate & Specialty (AGCS). BY CINTIA CHEONG The firm argued the industry was currently dominated by developed markets. Citing figures […]
IEI’s interim board embarks on corporate restructuring
Leave a comment and share Chuks Udo Okonta The Interim Board appointed by the National Insurance Commission (NAICOM) to oversee the affairs of International Energy Insurance (IEI) Plc, in the past nine months, had embarked on reforms to take the firm to lofty heights. The major task within the period […]
NAICOM creates unit to drive insurance in MDAs
Kari Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has setup an internal unit to assist government’s Ministries, Departments and Agencies (MDAs) structure their insurances, and ensure all government’s assets are properly insured, Inspen has learnt. The Commissioner for Insurance, Mohammed Kari, who disclosed this […]
Insurance firms to fire 260 non-executive directors February 26, 2016
Kari About 260 non-executive directors of insurance companies will vacate their seats at the end of March 2016, investigation has revealed. Their exit is expected to come a year ahead of other executive directors who will also be compelled to quit the various boards of insurance companies in 2017. Our […]
Insurance Brokers Sympathise with Movie Industry
Okunoren Leave a comment and share Chuks Udo okonta Insurance Brokers under the aegis of the Nigerian Council of Registered Insurance Brokers (NCRIB) on Friday joined scores of other Nigerians in sharing the grief of the Nigerian Film Industry over the demise of no fewer than four of its brightest […]
Home Business Local Insurance market big enough for banks, agents – KPMG
MY VIEW: KPMG associate director James Norman during the insurance conference in Nairobi. By LOLA OKULO CUSTOMERS will drive new distribution models for insurance products although there is enough room for banks and agents to co-exist, a market analyst from consultants KPMG has said. Addressing delegates at the inaugural East […]
NAICOM revives MDRI
Kari Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) is injecting new blood into the Market Development and Restructuring Initiatives (MDRI) to ensure the objectives are achieved. The Commissioner for Insurance, Mohammed Kari, said the commission is strengthening the initiative to deepen insurance penetration. He […]
NAICOM dissolves interim board of Goldlink Insurance
Leave a comment and share Chuks Udo Okonta National Insurance Commission (NAICOM) today, announced the dissolution of the Interim board of Goldlink Insurance Plc. Businesstoday reported that the Commission further reconstitutes a three man Interim Board management to oversee the affairs of the Company. NAICOM, on October 31, 2012, took […]
