By Marion Dakers, Financial Services Editor London-listed insurance group Old Mutual has sold off its bond manager Rogge to rival Allianz, becoming the latest international insurer to rejig its business. Rogge, which is based in the capital and has been on the market for several months, manages nearly £25bn but […]
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Lapsed brokers’ licences re-registration: Could merger be way out?
Kari The requirements for re-registration of the 108 lapsed insurance broking licences were considered too stringent by some brokers, especially with the payment of N2.25 million licensing fees and N 250,000 appeal fees each, among others. However, there have been suggestions of merger among the affected broking firms to scale […]
China becomes world’s third largest insurance market
BEIJING, Feb. 8 (Xinhua) — China became the world’s third largest insurance market in 2015, with insurance premiums surging in the past five years, according to the China Insurance Regulatory Commission (CIRC). With an annual growth rate of 13.4 percent, insurance premiums increased from 1.3 trillion yuan (about 197.9 million […]
12 million Nigerian motorists carry fake insurance papers
Only about 4.3 million of the vehicles plying Nigerian roads have valid insurance certificates, NIKE POPOOLA writes Most motorists are endangering the lives of other road users by driving vehicles on Nigerian roads without appropriate insurance certificates, investigation has revealed. Instead of procuring valid certificates that would provide insurance cover […]
AXA Targets Africa Customers With $84 Million Online Investment
By Loni Prinsloo AXA SA plans to invest 75 million euros ($84 million) in Africa Internet Group, the Nigerian owner of online businesses including retailer Jumia, as France’s biggest insurer extends its product offering to customers on the world’s least developed continent. The deal will give the Paris-based company an […]
CIIN eyes SUVs for miss insurance
From left:Member of council of the Chartered Insurance Institute of Nigeria Mrs Adetutu Arusiuka, President, Lady Isioma Chukwuma and Group Managing Director AIICO Insurance Edwin Igbiti at the event today in Lagos. Leave a comment Chuks Udo Okonta Winners of Miss Insurance pageant would be driving home Sport Utility Vehicles […]
Finance Minister Reveals Plan To Develop Insurance Sector
Mrs Adeosun The Minister of Finance, Mrs Kemi Adeosun, has promised to ensure that legislation that affect the nation’s insurance industry are treated as priority as a way of making the sector contribute meaningfully to the economy. The Minister who spoke at meeting in Abuja said that the federal government […]
Gambia: Insurance Companies Implement ‘No Premium, No Cover’ Policy
All the insurance companies in The Gambia have started to implement the “No premium, No cover” policy with effect from January this year, as part of the measures to reform the industry. This means that henceforth, insurance companies have to collect premiums upfront before providing insurance cover for all classes […]
Insurance Goes Digital: What Modern Technology Means for Distribution and Competition
Sponsored by: FC Business Intelligence Format: Whitepaper Topics: Agency Management, Featured, Insurance Company Management, Operations, Sales & Marketing, Social Media, Technology, and Trends FC Business Intelligence Your download will begin shortly If your download does not begin automatically, click here to download. View this Report
Entries for Pan-African reinsurance journalism awards close Feb. 29
Journalists from across Africa have until 29 February 2016 to submit their entries for the inaugural pan-African reinsurance Journalism Awards. Dr Femi Oyetunji, group MD/CEO of Continental Reinsurance said: “The insurance and reinsurance sector has a valuable role to play in Africa’s economic growth and development and we want to […]
