Archives for INSURANCE - Page 107
Travelers cat losses slow, but aggregate reinsurance still on-watch
US primary insurer Travelers has reported lower catastrophe losses for the second-quarter of 2021, but its year-to-date run-rate continues to outpace the prior year, as its aggregate net catastrophe losses…
Protection gap emerging as earthquake insurance declines in Missouri
By Charlie Wood --- The Missouri Department of Commerce and Insurance (DCI) has issued a new Earthquake Insurance Market Report that shows earthquake coverage in the highest risk areas of…
SERVICOM seeks collaboration With NAICOM to enhance service delivery
NAICOM logo The Service Compact with all Nigerians (SERVICOM), has sought for collaboration with National Insurance Commission (NAICOM), to enhance the commission’s services delivery to Nigerians. A statement by SERVICOM…
Swiss Re predicts strong 5.8% global GDP growth in 2021
Charlie Wood --- Swiss Re is expecting a strong global economic recovery from COVID-19 to result in historically high global gross domestic product (GDP) growth of in 2021. Global insurance…
Economic recovery from COVID-19 to drive global insurance premiums to $7tn: Swiss Re
By STEVE EVANS---A new report from global reinsurance company Swiss Re suggests that a strong economic recovery from the COVID-19 pandemic will drive insurance market premiums much higher, lifting them…
South African unrest could drive insured losses of $680m: reports
Author: Matt Sheehan ---State-owned insurer Sasria has estimated that days of civil unrest across South Africa could drive insured losses of between 7 billion rand and 10 billion rand ($481 million…
African Alliance Insurance to Host NCRIB Abuja Area Committee
Joyce Ojemudia, MD African Alliance By Ngozi Onyeakusi---Foremost Life Insurer, African Alliance Insurance has announced plans to host the Abuja Area Committee of the Nigerian Council of Registered Insurance Brokers…
SOVEREIGN TRUST INSURANCE BAGS CITN AWARD
Soyika, MD, STI By Ngozi Onyeakusi---One of Nigeria’s foremost Underwriting Firms, Sovereign Trust Insurance Plc was recently presented with an Award by the Chartered Institute of Taxation of Nigeria, (CITN).…
Retail Business To Trigger Huge Insurance Penetration– _Mutual Benefits
L-R: The Chairman, the National Association of Insurance and Pension Correspondents (NAIPCO), Mr. Chuks Udo Okonta; the managing director/CEO, Mutual Benefits Assurance Plc, Mr. Femi Asenuga; PRO, NAIPCO, Mrs. Amaka…
India life industry premiums to hit $98.5bn in 2024: GlobalData
By Matt Sheehan--- The life insurance industry in India is projected to grow from INR trillion (US $) in 2019 to INR trillion ($) in 2024, in terms of gross…
