Insurance Archives - Page 2 of 22 - Business Journal

  A study conducted by the Automobile Association of South Africa has revealed that between 65% and 70% of the estimated 12million vehicles on South African roads are uninsured, and this percentage is growing annually. In other words, there are nearly 8m uninsured registered vehicles being driven around South Africa, according to a report in African

                                                      Daniel Braie MD/CEO Linkage Assurance Plc Linkage Assurance Plc has activated its online platforms to serve customers and ensure continuity of operations during the period of lockdown over COVID -19 pandemic. President Muhammadu Buhari had on Sunday announced a 14-day lockdown in Lagos, Abuja and Ogun State due to the growing spread of Covid-19.

  Ademola Abidogun MD/CEO Guinea Insurance Plc The spread of COVID-19, commonly referred to as the coronavirus, is an exceptional event that is becoming an increasing public and workplace priority. As the global community continues to grapple with COVID-19 (coronavirus) and its far-reaching implications, we must not, however, forget to pray for our brothers and

L-R: Mrs. Temitope Abolaji, Marketer, Linkage Assurance Plc; Ms. Floy Ukadike, Marketer, Linkage Assurance Plc; Mrs. Olubukola Olaniyan, Marketer, Linkage Assurance Plc; Mrs. Joyce Ojemudia, GM, Marketing, Linkage Assurance Plc; Mrs. Chioma Ogugua, Underwriter, Linkage Assurance Plc); Ms. Mercy Osunde, Marketer, Linkage Assurance Plc during the celebration of International Women’s Day organized by Linkage Assurance Plc in

  The Executive Committee of the African Insurance Organisation (AIO) has formally postponed the 47th AIO Conference & General Assembly earlier scheduled for Lagos, Nigeria from May 31 to June 3, 2020 due to the COVID-19 pandemic. The new date for the conference is now October 3, 2020 in Lagos, Nigeria.

    Patrick Winters Switzerland’s top insurance companies are in talks with the financial regulator about the impact of the coronavirus outbreak on their capital buffers and their business, according to people familiar with the matter. The watchdog contacted Swiss Re AG, Zurich Insurance Group AG, Swiss Life Holding AG and other local insurers to

  By Insurance Specialists at Webber Wentzel After the likely spike in insurance claims arising from the COVID-19 pandemic, insurers are likely to introduce new or change existing exclusionary clauses which were not previously considered to be necessary. The rapid spread and potential damage of the Coronavirus presents an extraordinary situation for governments, businesses and

Mr. Tope Smart Chairman Nigerian Insurers Association An operator in the insurance industry has enjoined the National Insurance Commission (NAICOM) to extend the deadline given the market to recapitalise from December 31, 2020 to 2021 in view of the market disruptions and uncertainties created by the coronavirus crisis in Nigeria and around the world. He

  Mr. Tope Smart Chairman Nigerian Insurers Association Lloyd’s of London has asked its member firms to provide estimates of their potential current and final losses from coronaviru to help the insurance market understand its possible overall losses from the impact of the pandemic. Lloyd’s was working with British and overseas regulators to formulate its

  Allianz Nigeria makes good her promise to settle motor claims within 60 minutes. The nationwide campaign to settle motor claims within 60 minutes which was launched on February 17, 2020 has seen a total of 53 claims to the tune of N2, 784, 225 settled in less than an hour. Allianz Nigeria expresses gratitude

    Right is Mr. Ebose Augustine, Managing Director, Anchor Insurance Company Limited receiving the award for the company as the Insurance Company of the Year from Mr. Sonny Irabor (m) while the MC looks on with keen interest

Austin Ebose Managing Director/CEO Anchor Insurance Company Limited Anchor Insurance Company Limited, a fast rising risk-bearing organisation, has emerged the Insurance Company of the Year at the annual Independent Newspapers Awards 2019 held in Lagos recently. Mr. Steve Omanufeme, Managing Director/Editor-In-Chief of the newspaper who described Anchor Insurance Company as the “fastest growing insurance company

African Alliance Insurance Plc has officially informed the Nigerian Stock Exchange (NSE) of the appointment of Dr. Anthony Okocha as Board chairman of the company. In a statement to the NSE dated March 4, 2020, the company described Okocha as a seasoned banker of over 30 years experience in banking, commerce and business advisory.

A report by Bloomberg says the world should not look for much relief from insurers to cushion losses from cancelled events, travel disruptions and potential medical claims from the deadly Covid-19 virus that’s sweeping across the globe. The world’s largest insurers have learned lessons from previous health crises, including the 2003 SARS outbreak. Over the