By Hugo Martin Contact Reporter The Zika virus has joined terrorism and extreme weather as one of the biggest worries of airline travelers. InsureMyTrip, a travel insurance comparison site, reported a 20% surge in calls last week from travelers worried about the virus that can cause fever, rashes, joint pain […]
Spotlight
Fitch Publishes London Market Insurance Dashboard
Fitch Ratings has published a dashboard on the London insurance market, summarising the outlook for the sector. Fitch expects that a significant proportion of (re)insurance classes will experience further price falls in 2016. The low level of major claims activity has intensified competitive pressures, particularly in short-tail lines, and Fitch […]
Obamacare Delivers Health Insurance to Low-Income Whites
The Affordable Care Act, also known as Obamacare, has reduced racial disparities in health insurance coverage rates between whites and people of color. I and others have discussed the historic increase in health insurance coverage for Latinos, African Americans, and Asian Americans. These findings should not obscure the fact that […]
Metropolitan Insurance now Hollard Insurance Ghana
The Metropolitan Insurance Company (MET) has re-branded to Hollard Insurance Ghana Limited following its acquisition by the South African Insurer. “Today, just as a young lady might get married and voluntarily take on the name of her chosen life partner, we at MET have decided to take on a new […]
NAICOM to implement code of corporate governance by April 1st
From left: Head Corporate Communications, National Insurance Commission (NAICOM), Rasaaq Salami; Managing Director Consolidated Hallmark Insurance Plc and Chairman Sub Committee Technical, Eddie Efekoha; Group Managing Director Continental Reinsurance and Chairman Sub Committee on prudential , Femi Oyetunji ; Managing Director FBN and Chairman Sub Committee on Corporate governance Relation, […]
Jumia, AXA partner to provide insurance products, services to African customers
Press Release Africa Internet Group (“AIG”) (http://AfricaInternetGroup.com), a leading e-commerce group in Africa, and AXA (www.AXA.com), a worldwide leader in insurance and asset management, today announced a partnership whereby AXA will become the exclusive provider of insurance products and services through Jumia and other AIG online and mobile platforms in […]
Entrenching Best Practices in Insurance
The absence of a strong legislative framework is one of the factors militating against the adoption of global best practices in the insurance industry, writes Ebere Nwoji In the words of the immediate past Commissioner for Insurance, Mr. Fola Daniel: “By its nature, role and position, insurance, is a veritable […]
Deloitte targets insurance with ConVista buy
Deloitte (Africa) has acquired the business assets and now directly employees the 30-person team of ConVista Consulting, the South African subsidiary of the German consulting firm ConVista AG, as it continues to expand its financial services capabilities, with a particular focus on the insurance industry. The acquisition of the ConVista […]
2010 accounts of some insurers still undisclosed – NAICOM
Leave a comment and share Chuks Udo Okonta In spite that they transact businesses, three insurance firms have resolved to keep their financial status in secrecy, flouting the law which mandates them to submit their accounts at the end of each financial year to the industry regulator for approval. According […]
Custodian, Hogg Robinson secure NNPC’s multi-billion oil insurance
Leave a comment, share Chuks Udo Okonta Custodian and Allied Insurance and Hogg Robinson have been appointed as lead insurer and broker by the Nigerian National Petroleum Corporation (NNPC) for its 2016 oil insurance business, Inspen has leant. It was gathered that while the duo where chosen for the oil […]
