Archives for INSURANCE - Page 131
EC3 Brokers announce award for DIFC Master Health Insurance Scheme
By Katie Baker _____Reinsurance broker, EC3 Brokers MEA recently announced that Abu Dhabi National Insurance Company has been awarded the DIFC Master Health Insurance Scheme. The scheme…
P/C insurers at risk from pandemic, cat losses in H2: Fitch Ratings
By Charlie Wood --- While US property-casualty insurers’ results in the second half of 2020 will continue to be impacted by COVID-related insured losses and premium volume declines,…
NAICOM unveils real-time digital portal to drive insurance
By Ngozi Onyeakusi-- Determined to elevate the nation's insurance sector to a globally compliant entity, the National Insurance Commission (NAICOM) has put in place a real-time digital platform to…
Allianz to acquire five East African P&C insurers in $100mn deal
By Charlie Wood _____Global insurer Allianz has announced a partnership that will see it acquire controlling stakes in five East African general insurance companies, all of which belong…
ROYAL EXCHANGE POSTS N14.21BN GWP IN 2019
By Ngozi Onyeakusi-- Royal Exchange Plc, Nigeria’s premier insurance and financial services group,has announced its results for the 2019 financial year. The company generated a Gross Written…
AIICO Reinstates Commitment To Deepen Insurance Penetration
AIICO Insurance Plc has promised to continue to pursue its commitment to deepen insurance penetration, education and awareness in the country. Making the pledge during a breakfast meeting with…
50% Of Insurance Businesses Now Done Digitally —Anchor Insurance Boss
Following the effects of coronavirus pandemic on business landscape and the economy, 50 per cent of insurance businesses are done through digital platforms. The managing director/CEO, Anchor Insurance Company…
India moves to set up $10.2bn pandemic risk pool
India’s re/nsurance sector regulator, the Insurance Regulatory and Development Authority (IRDAI), has suggested setting up a pandemic risk pool with a Rs 75,000 crore (USD billion) backstop guarantee…
Severe weather cost re/insurers $5bn in August: Jefferies
By : Katie Baker _____Financial services company Jefferies has released a catastrophe loss model update, which estimates that severe weather cost insurers $5 billion in the month of August…
