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30-10-2014 23:52:00 | by: Default Admin User | hits: 4298997 | Tags:


[Ghana] Solomon Lartey appointed CEO Activa International Insurance
11-01-2017 | 10:22:48
Solom Lartey has been appointed the new Managing Director and Chief Executive Officer of Activa International Insurance.
[Cameroon] Entry of ACAM Vie insurance shakes up and redefines industry
06-01-2017 | 16:05:00
The entry of insurance company Assurance du Cameroun Vie, in short ACAM Vie has shaken the industry while promising better days for individuals and companies.
The African Trade Insurance Agency to help Benin attract $15 million by 2021
21-12-2016 | 09:25:30
Benin is a country on the rise led by a newly appointed businessman-come President, H.E. Patrice Talon. The President recently launched a five-year program that is aligned to Benin’s Vision 2030 that places Public Private Partnerships (PPPs) at the core.
[Uganda] Insurance companies team up to tap into oil and gas sector
15-12-2016 | 13:00:00
17 insurance companies have teamed up to pool their resources in an effort to cover risks in the oil and gas sector.
Hope Murera appointed Managing Director of ZEP RE
08-12-2016 | 16:15:18
Mrs. Hope Murera has been appointed the new managing director of ZEP-RE (PTA Reinsurance Company) with effect from January 1 2017.
[Kenya] Britam announces Going for Gold strategy as value add to customers
06-12-2016 | 10:00:06
British-American Investments Company (Britam) has announced a new business management strategy – Going for Gold – to run from 2016 to 2020.
World’s largest insurer Allianz opens Kenya office
28-11-2016 | 05:54:16
Global insurance leader Allianz has opened its fifteenth Africa office in Kenya. The insurer, which has been setting up operations and familiarizing with the Kenyan environment over the past one year, said it had plans to tailor products to suit the Kenyan market at competitive rates.
[Namibia] Capricorn Group sells stake in insurance firm to Sanlam Namibia Holdings
21-11-2016 | 08:40:32
Capricorn Group and Sanlam Namibia Holdings have successfully concluded a transaction where Capricorn Group has sold 100 per cent of its shareholding in Welwitschia Insurance Brokers to Sanlam Namibia Holdings Group Limited.
[Zimbabwe] Insurance and Pensions Commission deregisters two insurance companies over non compliance
16-11-2016 | 14:35:01
The Insurance and Pensions Commission (IPEC) has deregistered two non-life insurance companies Heritage Insurance and Excellence Insurance for failing to meet the prescribed minimum capital threshold of $1,5 million.
National Bank of Egypt signs protocol with Misr Life Insurance to digitize its operations
16-11-2016 | 13:53:36
National Bank of Egypt has signed a cooperation protocol with Misr Life Insurance as the lender looks to improving services to its customers and providing electronic banking services.
AIG insurance exits Uganda market in an operations review strategy
03-11-2016 | 16:09:58
Insurance company AIG has exited the Ugandan market following what it attributed to a review of its strategy to create simplified organization that positions them to achieve their global strategy based on capabilities and market opportunities.
[South Africa] Discovery insurance edges closer to setting own bank following authorization by bank registrar
26-10-2016 | 08:36:25
South Africa’s insurance company Discovery is moving closer to setting up its bank after it obtained authorization from the registrar of banks to set up its bank ahead of obtaining a full banking license.
Tanzania launches first mobile crop insurance scheme
05-10-2016 | 16:11:03
Four institutions drawn from telecommunication, seed, insurance and risk assessment have come together to unveil the first mobile crop insurance in Tanzania, at a time when changes in weather has taken a toll on farmers yields and income.
SSP celebrates most Successful Year in Africa
05-10-2016 | 11:35:27
SSP, a leading global provider of general insurance technology systems and solutions, continues to expand its African insurer customer base, and is delighted to announce one go-live and four new deals so far in 2016.
Ugandan insurance regulator okays banks to offer insurance services
28-09-2016 | 15:37:00
Following the publication of regulations that will guide banks intending to offer insurance services by the Ugandan insurance regulator, banks have expressed appetite in offering insurance, a move industry players hails as a win to the customers but one that could affect insurance companies.
[Nigeria] Insurance cover for banking transactions to begin next month
27-09-2016 | 12:04:00
Banking transactions will, from next month, be fully insured and risks associated with them underwritten by insurance companies, the Managing Director, Nigeria Interbank Settlement System (NIBSS), Ade Shonubi, has said.
[Kenya] Insurance company opens training academy to bolster skills of practitioners
20-09-2016 | 10:18:01
Nairobi based re insurance company ZEP-RE has unveiled a new training academy as it seeks to boost the skills of local and regional executives.
[Ghana] uniBank Launches its Extended Bancassurance Suite
07-09-2016 | 17:32:41
uniBank on Wednesday, August 31, 2016 launched its imperious Bancassurance product: the uniBank Extended Bancassurance Suite in concert with its insurance partners, Star Assurance and Starlife Company Limited at the World Trade Center Building, Accra.
MTN Group and MMI Holdings announce strategic partnership
07-09-2016 | 12:49:26
MTN Group and MMI Holdings today announced the launch of a micro insurance joint venture, branded aYo. The joint venture will benefit from the scale, combined expertise and market access of both companies, to provide a strong basis to compete in a changing mobile financial services industry.
Absa Insurance Company Limited (AIC) wins the Ask Afrika Icon Brands Award
02-09-2016 | 14:21:42
Absa Insurance Company Limited is proud to announce that it has scooped an award in the Household Content Insurance Category in the prestigious Ask Afrika Icon Brands Survey for 2016/2017.
East Africa gaining from common regulatory standards in the insurance sector
22-08-2016 | 08:16:23
The insurance sector in East Africa is receiving a major boost with the adoption of common regulatory standards that supervises cross border activities of insurance firms.
[Kenya] Pan African insurance rebrands to Sanlam Kenya as it seeks targets more market share
19-08-2016 | 19:29:19
Kenya’s first insurer to be listed in the Nairobi Securities Exchange Pan Africa Insurance Holdings has joined the Sanlam Group changing name to Sanlam Kenya as it seeks new and innovative ways to penetrate the Kenyan market.
Roche, Old Mutual Nigeria Partner to Develop Insurance Product for Terminal Illnesses
12-08-2016 | 10:33:00
Old Mutual Nigeria and Roche Products Limited have signed a memorandum of understanding for the creation of a terminal illness insurance product that will provide insurance cover on various terminal and life threatening diseases such as heart attack, stroke, cancer, major organ transplant, kidney failure and comas.
Britam Holdings extends East Africa foothold with Arusha branch
10-08-2016 | 17:17:11
Leading diversified Financial Services Company Britam Holdings has opened a branch in Arusha Tanzania as it seeks to tap into Tanzania’s growing insurance banking and investment market.
[Uganda] Insurance Authority CEO tenure renewed for stellar performance
05-08-2016 | 14:12:00
The chief executive officer of Uganda Insurance Regulatory Authority Ibrahim Kaddunabbi Lubega has had his contract renewed for another five years in what the minister of Finance, Planning and Economic Development, Matia Kasaija, has attributed to stellar performance in his tenure at the helm of the Authority
Catherine Igathe appointed AIG Kenya Insurance Managing Director
27-07-2016 | 11:58:48
AIG Kenya Insurance has named Catherine Igathe as its new managing director who earlier served the same docket in an acting capacity since 2015.
[Kenya] Fake motor vehicle claims hold back insurance sector growth
15-07-2016 | 12:06:04
Insurance firms in Kenya have tightened the procedure in paying motor vehicle claims to check on fake cases which are posing a challenge to the sector.
Uganda insurance regulator targets Muslims with new product to deepen penetration
13-07-2016 | 13:15:00
Insurance regulator is mulling introducing Islamic insurance to Muslims in Uganda who are barred from conventional insurance with a view to roping in more people to the industry which still has dismal penetration
Insurance company partners with credit bureau to stem runaway fraud
13-07-2016 | 10:49:38
Tanzania’s MGen Insurance Company has partnered with Dun & Bradstreet credit bureau to tame rising cases of insurance related fraud even as it seeks to strengthen its risk management processes.
[Tanzania] Partnership births improved mobile insurance service
12-07-2016 | 16:28:00
Mobile service provider Tigo Tanzania has entered into a partnership with mobile delivered insurance company Milvik Tanzania and Resolution Insurance to introduce a new improved insurance service.
[Rwanda] Access Bank pays health insurance to genocide survivors
12-07-2016 | 07:51:00
Rwanda’s Access Bank has announced it will pay health insurance to 25 families of genocide survivors.
[South Africa] Fairfax to Acquire Zurich Insurance Company Ltd
08-07-2016 | 11:40:00
Fairfax Financial Holdings Limited has announced that it has entered into an agreement with Zurich Insurance Company Ltd to acquire 100% of its South African and Botswana operations, Zurich Insurance Company South Africa Limited.
The insurance cover protecting Kenyan professionals in line of duty
01-07-2016 | 10:46:24
As more Kenyans become more aware of the need to cushion themselves from disasters both natural and man made by taking insurance policies, insurance companies are becoming innovative with new products that insures professionals in their line of duty.
[Kenya] Insurance companies court technology to drive penetration
22-06-2016 | 07:15:38
Kenya’s insurance companies have resorted to mobile phones to reach more uninsured Kenyans through the sale of insurance premiums, using enabled cash transfers to boost product penetration.
[Kenya] Homeowners turn to mortgage insurance to cushion themselves from eventualities
21-06-2016 | 08:31:00
Mortgage holders in Kenya are embracing insurance on their mortgages to cushion themselves and their families should they fail to meet the payments in case of an eventuality,
Kenya insurance companies target policy holders with sendoff packages
15-06-2016 | 10:08:55
Kenyans are slowly warming up relatively new insurance schemes that allow policy holders to save for decent burials while still alive with insurance companies reporting that though traditional abhorred, the practice of preparing for one’s or a loved one’s sendoff is picking up in the country.
Access Bank Partners with Wapic, Ghana Life for Bancassurance
06-06-2016 | 10:22:00
Access Bank Ghana has partnered Wapic Insurance and Ghana Life Insurance companies to launch innovative insurance products for consumers in Ghana, In line with its strategy to build capacity in retail banking.
Novatel Wireless Delivers Solution for UBER Drivers in South Africa
03-06-2016 | 16:10:41
Novatel Wireless, Inc., a leading global provider of solutions for the Internet of Things (IoT), including software-as-a-service (SaaS), and Vulindlela Underwriting Managers (VUM), the preferred auto insurance provider for Uber South Africa, have joined forces to deliver a customized usage-based insurance (UBI) solution for Uber driver-partners in South Africa. Deployments commenced earlier this month.
AXA and Jumia launched the first insurance policy for mobile phones sold online in Côte d'Ivoire
31-05-2016 | 13:01:00
The insurer AXA Côte d'Ivoire and Jumia, the ecommerce leader, launched yesterday Monday, May 30th, the first online sales service for mobile phones insurance in Côte D'Ivoire. Two products under the name "ASSUR'MOBILE" are now available through Jumia at annual flat rates.
Access Bank partners WAPIC, Ghana Life for Bancassurance
25-05-2016 | 08:30:00
Access Bank Ghana has partnered Wapic Insurance and Ghana Life Insurance companies to launch innovative insurance products for consumers in Ghana, In line with its strategy to build capacity in retail banking.
Nigerian insurance sector hits top 10 in Africa
17-05-2016 | 11:30:00
Nigeria has been enlisted among the top 10 African insurance markets after South Africa, whose Non- Life Insurance Premiums dominated African Insurance sector with market size of over US$ 1 billion each in 2014.
[Ghana] UMB Expands Bancassurance Offering
11-03-2016 | 13:24:37
Universal Merchant Bank (UMB), has expanded its Bancassurance offering by introducing three new insurance products - the UMB Family/Accident Insurance, the UMB Motor Insurance and the UMB Householders/Homeowners Insurance.
FBN Insurance, Nigeria Deploys 3i Infotech’s End to End Premia™ Insurance Suite
08-03-2016 | 12:33:21
3i Infotech, a global technology solutions and services enabler today announced the successful implementation of their marquee product Premia™ Insurance Suite at FBN Insurance, Nigeria(West Africa).
Tough times for Middle East and North Africa insurance markets
01-03-2016 | 12:55:03
With the economies of the Middle East and North Africa (MENA) impacted by the unrelenting low oil prices and persisting regional instability, their insurance markets are likely to face repercussions
[South Africa]Communication Genetics awarded FIS contract to empower SA’s financial community
15-02-2016 | 12:46:00
Leading provider of customer communication solutions Communication Genetics has secured the contract to supply FIS’s comprehensive customer communication software CFS, to key industries in South Africa including finance, insurance and retail.
MET Insurance Ghana re-brands as Hollard Insurance
15-02-2016 | 12:42:42
MET Insurance Ghana has now officially re-branded as Hollard at a ceremony in Accra. South African insurance giant Hollard gained a majority stake in Met Insurance last year after acquiring about 51 percent control of the company.
[Ghana] CAL Bank, Prudential sign partnership agreement
15-02-2016 | 11:28:13
[Ghana] CAL Bank and Prudential Life Insurance Ghana have signed a long-term partnership agreement to jointly develop their businesses in Ghana
[Nigeria] Companies Partner to Provide Insurance to Locals
11-02-2016 | 12:21:26
The Africa Internet Group (AIG) and AXA, a global leader in insurance and asset management, have announced a partnership that will involve the latter as the exclusive provider of insurance products and services.
AXA Invests $84 Million in Africa Internet Group, Taking 8% Stake
08-02-2016 | 12:43:29
E-commerce firm Africa Internet Group and French insurer AXA said on Monday they had formed a partnership in which AXA will be the exclusive provider of insurance to AIG and invest 75 million euros ($84 million) to take a roughly 8 percent stake in it.
Bowman Gilfillan Africa Group's Kenyan office advised Old Mutual on Two Rivers Mall transaction
21-01-2016 | 15:16:02
Bowman Gilfillan Africa Group’s Kenyan office recently advised Old Mutual Property on all legal aspects of their investment in the Two Rivers Mall, including due diligence, transaction structure, negotiations with the counterparties and all regulatory matters.
Kenya’s insurance industry showing positive signs of growth
12-01-2016 | 12:26:06
Having witnessed a significant growth across all the sectors in the past few years, the Kenyan insurance industry will continue to grow at a double-digit CAGR, finds a new report by Timetric’s Insurance Intelligence Center.
[Nigeria] Union Assurance Plc Changes Its Name to Ensure Insurance
11-01-2016 | 13:44:00
Union Assurance Company Plc has announced that it has obtained the approval of both the Corporate Affairs Commission (CAC) and the National Insurance Commission (NAICOM) to formally change its brand identity to Ensure Insurance Plc.
[Kenya] JPMorgan Chase Names New Head of Mortgage Servicing
08-01-2016 | 13:51:25
Peter Muriungi has been chosen as JPMorgan Chase’s new head of Mortgage Servicing to replace Mike Weinbach, who was named CEO of Chase’s Mortgage Banking division in December, the bank confirmed on Wednesday.
Liberia: Activa Insurance Expands Operations
05-01-2016 | 13:14:12
Activa International Insurance Company (Lib) Limited, a Pan-African Insurer that operates in over 35 countries, was just one of the many average insurance companies in the country that operated from a two-room office when Atty. Saye D. Gbalazeh took over.
[Nigeria] Kwara signs MOU with Dutch partners on Health Insurance Fund
03-12-2015 | 12:27:00
Kwara State Government has signed a new Memorandum of Understanding with the Dutch Health Insurance Fund to establish Health Insurance Fund in the state.
ACE Announces Three Appointments to Its Middle East and North Africa Underwriting Team
30-11-2015 | 15:20:11
ACE Group today announced three appointments to its underwriting team in MENA, as it continues to build its insurance capabilities in the region.
[Ghana]PSI launches Tax Justice campaign
30-11-2015 | 11:28:06
The Public Service International (PSI) has launched a global campaign, dubbed: “Tax Justice Project”.
A.M. Best Affirms Ratings of East Africa Reinsurance Company Limited
24-11-2015 | 10:40:00
A.M. Best has affirmed the financial strength rating of B (Fair) and the issuer credit rating of “bb+” of East Africa Reinsurance Company Limited (EARe) (Kenya). The outlook for both ratings is stable.
Arik Air to start tailored Air Travel Insurance
02-11-2015 | 13:35:22
Arik Air has launched a customised air travel insurance aimed at taking passengers flying experience to a new level.
Arik Air launches customized Air Travel Insurance
02-11-2015 | 11:40:00
Arik Air, West Africa’s largest carrier has launched a customized air travel insurance aimed at taking passengers flying experience to a new level. The new air travel insurance enables a passenger to enjoy customized domestic travel insurance on Arik Air with only N1, 000.00
Old Mutual again ranked no 1 top employer in financial services and insurance
06-10-2015 | 08:25:05
The Top Employers Institute announced at a gala dinner last night that Old Mutual has secured the No 1 slot in the financial services and insurance categories for the fifth consecutive year.
Nigeria: Autogenius Upgrades Website To Boost Online Auto Insurance
18-09-2015 | 10:26:00
AutoGenius has redesigned its website as part of efforts to boost the quality of customers’ shopping experience and availability of information especially to make it easy for Nigerians seeking online auto insurance.
Brokers provide critical partner for African commercial insurers
18-08-2015 | 08:09:12
With tough market conditions providing so little opportunity for growth, commercial insurers are starting to focus on brokers at the more profitable end of the market, either through niche products, or by working with regional community brokers who typically know their clients better, resulting in stickier, more profitable business.
Nigeria: NHIS tries to convince the Private Sector to buy into Health Insurance
21-05-2015 | 11:54:00
Earlier this month, there was a one day interactive and educative session on active participation in the Formal Sector Health Insurance programme (FSSHIP) at Nigeria Employers Consultative Association (NECA), Ikeja, Lagos State.
Nigeria: Mansard Insurance emerges Great Place to Work again
21-05-2015 | 11:41:00
At the third anniversary of Great Place to Work in Nigeria, held on Friday, March 20, 2015, at the Civic Centre, Victoria Island, Lagos, Mansard Insurance plc for the third time emerged one of the outstanding workplaces in Nigeria.