The United Kingdom could free up some 2 billion pounds ($2.9 billion) to spend on insurance and farming if it exited the European Union and was left to decide on its own environmental policy, UK Farming Minister George Eustice said. MOSCOW (Sputnik) — According to Eustice, 2 billion pounds would […]
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CIIN holds fitness walk/roadshow tomorrow
Leave a comment and share Chuks Udo Okonta The Chartered Insurance Institute of Nigeria (CIIN) will hold its annual Fitness Walk on Saturday, June 4, 2016 in Lagos. The walk which has become an annual event boasts of vast opportunities for Insurance awareness hence it has also been tagged the […]
Drivers ‘confused’ by insurers’ calculations of premiums
Drivers are baffled by calculations to determine their insurance premiums, research suggests The way motor insurance companies calculate premiums is a mystery for the majority of drivers, according to a new study. Some 51% do not understand what factors are taken into consideration for working out policy prices, the poll […]
Insurance rates going up: New concerns for Obamacare
By Ricardo Alonso-Zaldivar WASHINGTON (AP) — Fresh problems for “Obamacare”: The largest health insurer in Texas wants to raise its rates on individual policies by an average of nearly 60 percent, a new sign that President Barack Obama’s overhaul hasn’t solved the problem of price spikes. Texas isn’t alone. Citing […]
China regulator inspects insurers’ investment risk controls -paper
China’s insurance regulator has launched an inspection of insurers’ risk controls over stock, private equity and real estate investments, the official Shanghai Securities News reported on Wednesday, citing unnamed sources. The move comes as the country’s insurers report strong profits even as wider economic growth stutters and analysts warn of […]
Dubai insurance scheme covers all employees, but rules hazy regarding dependants
My employer has put in place a medical insurance scheme for all employees, but has said it is for the staff only and we cannot include our families. I have offered to pay the cost, but they are still refusing to add my wife and son. Are they allowed to […]
Shareholder lauds insurers’ doggedness amidst economic impasse
Leave a comment Chuks Udo Okonta The President, Independent Shareholders Association of Nigeria (ISAN), Sir Sunny Nwosu, has lauded the insurance operators for remaining afloat amidst the nation’s economic challenges. He said this at an annual general meeting of a company in Lagos, adding that the operators are really working […]
Axa sells UK businesses including SunLife to insurer Phoenix
Axa sold its SunLife unit in the UK to Phoenix Group Holdings and announced the top-management team that will work with incoming Chief Executive Officer Thomas Buberl when he takes the helm in September. Gerald Harlin will become group chief financial officer while Paul Evans will replace Buberl as head […]
Chilekezi wins AIO book award
Leave a comment and share Chuks Udo Okonta The African Insurance Organisation’s conference ended on a good note as the 2016 African Insurance Organisation awards were won by two Nigerians with one of the winners being Obinna Chilekezi, an insurance researcher and consultant who started his career in […]
“STAR , STB seek to create insurance-bank,” says CEO of STAR
CEO of the Tunisian Company of Insurance and Reinsurance (STAR), Lassaad Zarrouk said his company and the STB are working for the establishment of an insurance-bank. He also called on the authorities to take more interest in the insurance sector, given its role in economic recovery. This call is launched […]
