Archives for INSURANCE - Page 109
Insurance Europe outlines “vital” need to remove key re/insurance access barriers
By Charlie Wood --- Insurance Europe has underlined the importance of removing market access barriers between European re/insurers and the countries Argentina, Brazil, Canada, India and Indonesia. The governing body…
Recapitalisation: Insurance industry assets rise to N2.02tn
NAICOM logo Insurance companies’ gross written premium rose to N520bn as of the end of 2020, while their assets hit as the sector undergoes recapitalization. The Nigerian insurance industry’s asset…
Mutual Benefits Assurance incurs N1.975b loss in Q1 2021 despite 45.47% growth in premium
By Ngozi Onyeakusi---- Mutual Benefits Assurance Plc, one of the foremost underwriting companies has released its consolidated and separate statement of profit or loss for the first quarter ended 31st…
AIICO Insurance Unveils New Corporate Website
Babatunde Fajemirokun, MD/CEO AIICO Insurance By Ngozi Onyeakusi--- AIICO Insurance has launched its new corporate website and e-business portal in keeping with its commitment to providing superior and remarkable experience…
Linkage Assurance targets N700.8m PAT for 2021 Q3
By Ngozi Onyeakusi – Linkage Assurance Plc, one of the foremost underwriting companies in the country has released its earnings forecast for the third quarter for the period ending 30…
Global macroeconomic resilience cut by 18% by COVID-19: Swiss Re
By Charlie Wood ---- COVID-19’s emergence in 2020 caused macroeconomic resilience to fall by 18%, according to a Swiss Re Institute report. While global economic growth is expected to recover…
Global insurance protection gap hit $1.4 trillion high in 2020: Swiss Re
By STEVE EVANS --- The global insurance protection gap, or the gap between economic losses and those that are insured, widened in 2020 as pandemic related effects drove global macroeconomic…
High-reliance on reinsurance putting Irish consumers at risk, claims report
By Katie Baker -----Over the course of 2019 general insurers in Ireland shifted € billion in risks associated to liability premiums to international reinsurers, close to three-quarters of all business…
Colombian protests could trigger higher LatAm reinsurance rates: Fitch
By Matt Sheehan ---- Analysts at Fitch Ratings have warned that Colombian insurers may face an impact to their loss ratios and overall financial performance due to social protests over…
Analysts predict another difficult year for insurers amid elevated cat claims
Luke Gallin --- Year-to-date, catastrophe claims look to be running 17% above the long-term average (2008-2020), leading analysts at Jefferies to forecast another difficult year for the global insurance industry.…
