Safaricom has taken up insurance worth $444 million (Sh52.9 billion) for its M-Pesa mobile money service as cover against the risk of non-payment by users and partners in its growing …
Insurance
-
BusinessEastern AfricaFinance & ServicesInsurance
-
CIC Insurance Group Plc has posted a 45 per cent growth in half-year profit to Sh376.3million from Sh259.5 million in the same period last year. The improved performance is on …
-
AfricaBusinessInsuranceNewsTechnologyWestern Africa
Starlife Assurance unveils USSD code and new mobile app
StarLife Assurance, one of Ghana’s leading indigenous insurance companies, has unveiled its new USSD code; *7373#, and Mobile App, MyStar to the public to ease clients’ insurance needs. For the …
-
AfricaBusinessInsuranceNewsNigeriaWestern Africa
AXA Mansard Reports Revenue Increase of 33.87% in Q2
AXA Mansard Insurance Plc, a member of the AXA Group and a global insurance and asset management firm, has recorded revenue growth of 33.87% in the second quarter. The firm said that …
-
AfricaBusinessInsuranceNewsNigeriaWestern Africa
NAICOM threatens to liquidate more insurance companies
The National Insurance Commission (NAICOM) has said that more insurance companies may be sanctioned through liquidation as part of its moves to reposition the industry. The Deputy Commissioner, Technical, NAICOM, Mr …
-
Cornerstone Insurance Plc has announced a dividend payment of 5 kobo per ordinary share of 50 kobo for the financial year ended December 31, 2021. According to the firm, dividend …
-
African Alliance Insurance Plc has revived its policyholder businesses and compensated N4.08 billion losses in the first half of the year, the Managing Director/Chief Executive Officer, Joyce Ojemudia has said. …
-
BusinessEntrepreneurshipInsurance
Jubilee Allianz General Insurance, Allianz Kenya Merger Get Regulatory Nod
Jubilee Allianz General Insurance and Allianz Kenya have received a nod from Insurance Regulatory Authority(IRA) to merge their general insurance businesses. The newly formed underwriter is expected to have an …
-
The Nigerian insurance sector grew by 15.68 per cent in the first quarter of the 2022 financial period, according to figures obtained from the National Bureau of Statistics, NBS, on …
-
BusinessInsurancePress ReleasesSouth Africa
Hollard Group appoints new CEO as Saks Ntombela bows out
Effective from july 1 Willie Lategan will take over from Saks Ntombela as Hollard Group CEO. Lategan, an actuary by training is a former group chief financial officer and currently …