JOHANNESBURG (AP) – Insurers have paid out on a life insurance policy for South Africa national team captain Senzo Meyiwa, who was fatally shot more than a year ago in what police said was an attempted house robbery. The goalkeeper’s killer still has not been caught despite a 13-month police […]
Spotlight
Insurers Out to Let Industry Work for Africa
About 150 insurance practitioners from West Africa are meeting in Banjul to discuss ways and means of further growing the industry, through indigenisation and reaching out to the grassroots with insurance policies. The delegates, mainly from Ghana, Nigeria, Liberia, Sierra Leone and The Gambia, are brainstorming on the theme: ‘Africa […]
Zurich Insurance to cut 440 jobs in UK
Move is part of cost-cutting program Zurich Insurance plans to cut 440 jobs at its UK general-insurance unit as part of a cost- cutting program announced in May. Switzerland’s biggest insurer will announce the plan on Monday, according to Alex Jones, a spokesman for Zurich in London. Zurich on Nov. […]
Maternity insurance key to promoting new family planning policy
China has loosened the family planning policy and decided to allow all couples to have two children. The aim, among others, is to increase the country’s fertility rate in order to ease the pressure of the fast aging population. But the question is: Will the goal be fulfilled? To start […]
Over 95% of oil and gas businesses insured overseas: NIC boss
By: Emmanuel Bruce Over 95 per cent of oil and gas businesses in the country are insured overseas due to the limited capacity of the local insurance industry to underwrite all policies in the sector. This has resulted in huge capital flight with the attendant consequences on the economy, the […]
Insurers settle $16 billion Canterbury claims
The Insurance Council of New Zealand announced today that private insurers have settled $15.9 billion in Canterbury earthquake claims in its latest release of quarterly progress data. Insurance Council (ICNZ) Chief Executive Tim Grafton says insurers have now settled 70% of over cap residential Canterbury earthquake claims in what reinsurers […]
Investment in IT key to Nigeria’s growth, says NAICOM chief
Nigeria must invest heavily in technological development and management, which will in turn aid growth and suitable competitiveness in various sectors of the economy, Commissioner for Insurance, National Insurance Commission (NAICOM), Mohammed Kari has said. He made this call at the maiden conference on Management, Technology and Development of the […]
U.K. FCA Chief Appeals to Insurers as She Vies to Keep Top Post
U.K. Financial Conduct Authority acting chief Tracey McDermott appealed to insurers to get behind the regulator, setting out her plans for the industry as she fights to keep the top job. “While our roles are different, and while a degree of challenge and creative tension between the regulator and the […]
Prudential policy leaves UK insurance division in question
The image of the “man from the Pru” — the insurance agent selling life policies door-to-door — is embedded in Britain’s national consciousness. But insurance in the UK has become increasingly less important to Prudential, as the country’s largest insurer by market value has aggressively pursued faster-growing markets, notably in […]
