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Insurance

6 Apr 2015
SOUTH African insurers looking for growth in the rest of Africa need to move fast as they can expect strong competition from large European insurers chasing the same markets. PwC long-term insurance leader for Africa, Victor Mugoto, said that large European insurers like AXA and Prudential have substantial balance sheets, sophisticated models and are experienced…
6 Apr 2015
According to him, the scheme was later incorporated in 1988 and it became the Nigerian Agricultural Insurance Corporation by the enabling Act 37 of 1993, with the main aim of providing insurance cover for farmers.
4 Apr 2015
UGANDA’S insurance sector has failed to penetrate due to mistrust and lack of information, compared to its East African Community (EAC) counterparts. According to reports, Uganda has penetrated on 0.8 per cent of the population, Tanzania 2.3 per cent Rwanda 1 per cent while Kenya has the biggest penetration at 3.8 per cebt. According to…
23 Mar 2015
Director-General of the Institute Kola Ahmed, noted that the institute has remained the unifying organ of the industry, adding that the institute would continue to provide platforms that keep the industry together as one. He thanks sponsors of the event and prays that it continues to add value to the development of the industry.
23 Mar 2015
The NAIC boss said “NAIC has the experience of being the foremost insurer of agricultural related risks for over the past two decades. It remains our utmost intention to remain the market leader in this regard. As such, we will continue to provide adequate insurance cover using various customized products, across the entire agricultural value chain for all risks. This to ensure that the huge financial investment in Agriculture remains protected”.
23 Mar 2015
The PenOp boss explained that from all economic statistics, pension fund have been protected in this country by regulation and practice of operators. Safety is the most paramount thing. Liquidity is the next, because contributors get paid not by bread and butter, people get paid in cash, therefore pension must be liquid, the next is returns on investment as part of the business, you cannot keep money stagnant.
22 Mar 2015
After Julie Davis of Louisville, Kentucky, had to change insurers last May, her pharmacy called. Refilling her prescription of Keppra XR, a drug that controls seizures, would cost Davis $1,267 out of pocket under her new plan, which carried an $11,000 deductible for her family, she said. Davis, who has epilepsy, switched to a generic version of the drug, but then suffered seizures in July, August and December.
22 Mar 2015
The Managing Director, Cornerstone Insurance Plc, Life and Retail, Cornerstone Insurance Plc. Tokunbo Bello, said “GPP provides a quick and dependable solution to a major customer dissatisfaction which may arise from the purchase of a new device – damage. More so, you have the peace of mind that your gadget is covered by Cornerstone Insurance PLC that is licensed by NAICOM to transact General, Life and Takaful businesses in Nigeria ”
22 Mar 2015
THE Nigerian Council of Registered Insurance Brokers (NCRIB) has advocated enforcement of ethics and professionalism in the business of broking. The President of the Council, Ayodapo Shoderu, in his address at the second yearly conference and exhibition of the Ghana insurance brokers association in Elmina, Ghana, said the issues of ethics and professionalism the kernel…
22 Mar 2015
“Being a public opinion that FUG Pensions merits this award is one of the greatest things that has happened to the company as we are challenged by this recognition to do even more. As the CEO of this company, I pledge more sterling and personalized service delivery to our retirees. We are in the service for humanity and we shall not renege in this promise.”
NAICOM-training-pix
8 Mar 2015
…NAICOM may not renew licence of defaulting firms THE 2012 compliant accounts of the International Financial Reporting Standards (IFRS) set by government for insurance and brokerage entities, may have hit hard on the ability of insurance brokers to submit their audited financial statements for 2013.    As a result, the National Insurance Commission (NAICOM) has…
8 Mar 2015
DETERMINED to emerge an international organisation, WAICA Reinsurance Corporation Plc (WAICA Re) intends to expand its operations across the entire African continent, Asia and the Middle East as soon as possible.    The Managing Director of WAICA Re,  Abiola Ekundayo, who disclosed this during the company’s yearly general meeting in Accra, Ghana, informed that plans…

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