Oklahoma Insurance Commissioner John D. Doak has ordered property and casualty insurers to send each Oklahoma policyholder a clarifying notice of earthquake coverage in response to a growing number of questions about earthquake insurance. “Insurance is complicated,” Doak said. “We know that most people don’t read their policies. Even if […]
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Annuities Insurance in the UK – Key Trends and Opportunities to 2019
PRNewswire Synopsis This report is the result of extensive research into the annuities market in the UK, covering its market dynamics, outlook and competitive landscape. It provides details of the market size and projections of new business premiums, and addresses the impact of the new pension rules on annuity providers. […]
Clinton questions plans for health insurers to merge
By Ken Thomas, Associated Press WASHINGTON (AP) — Hillary Rodham Clinton warned Wednesday that two major health insurers preparing multibillion dollar acquisitions could tip “the balance of power” too far away from consumers. The Democratic presidential candidate said in a statement she had “serious concerns” with the proposed acquisition of […]
Insurers in South Africa Seek Technology Partnerships, PwC Says
By Renee Bonorchis Customers changing how they interact with insurance companies Industry faces more disruption than any other, PwC says Share on FacebookShare on Twitter Share on LinkedInShare on RedditShare on Google+E-mail South Africa’s biggest insurers are considering technology and telecommunications partnerships as they seek ways to improve earnings to […]
Royal Exchange, NGO empower students on leadership development
Leave a comment Chuks Udo Okonta Foremost financial services provider, Royal Exchange Plc has once again, partnered a non-governmental organisation, Foundation for Youth Education, to organise a leadership training conference for secondary school prefects in Lagos State. The conference, which held today at the College Hall, Igbobi College, Yaba, […]
Federal penalty for not having insurance rises to $695 in 2016
By Ricardo Alonso-Zaldivar The Associated Press WASHINGTON — The math is harsh: The federal penalty for having no health insurance is set to jump to $695, and the Obama administration is being urged to highlight that cold fact in its new pitch for health law sign-ups. That means the 2016 […]
In China, an insurance policy for good Samaritans who get sued
By Jonathan Kaiman Imagine you see an elderly man fall on a crowded street. You want to help him up, but then reason gets the better of you: You’ve read reports about injured people extorting small fortunes in healthcare fees from helpful bystanders. You walk past the man, pretending that […]
Economic slowdown: Insurers worry as income from premiums nosedives
By Rosemary Onuoha Insurers are apprehensive that the industry will suffer significant drop in premium income this year owing to the slowdown in economic activities occasioned by the slide in crude oil prices and Naira depreciation. The growth of economic activities in the country, as measured by the growth rate […]
Fitch: Nigerian Insurance Fundamentals Intact despite Weakening Economy
Fitch Ratings says in a new report that the Nigerian insurance industry will continue to expand, despite recent economic headwinds and significant structural challenges. The industry has experienced declining growth rates in recent years, albeit from a high base. However, a number of leading insurers have maintained strong premium and […]
NAICOM tasks brokers on corruption, money laundering
Leave a comment Chuks Udo Okonta The National Insurance Commission (NAICOM) has urged insurance brokers to ensure their operations are not exploited as a vehicle for corruption and money laundering. The Commissioner for Insurance Mohammed Kari, who was represented by Deputy Commissioner Finance and Administration NAICOM, George Onekhena, said this […]
