Old Mutual Insure on Monday announced a 100% acquisition of Genric Insurance Company, a licensed non-life and specialist insurer focused on bringing innovative and niche insurance solutions to market. According …
Insurance
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AfricaAFRICA NEWSBusinessInsuranceNewsSouth AfricaSouthern Africa
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AfricaAFRICA NEWSBusinessEgyptInsuranceNewsNorth AfricaNorthern Africa
Egyptian government proposes amendment to UHI tax contribution law
The Egyptian government is preparing a draft bill to be presented to the Cabinet soon to amend some provisions of the Universal Health Insurance (UHI) Law to deduce the mandatory …
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AfricaAFRICA NEWSBusinessGhanaInsuranceNewsWestern Africa
Coronation Insurance Ghana launches marine insurance e-portal for importers
Coronation Insurance Ghana Ltd, a leading insurance company offering diverse range of services covering general and special risk businesses, has launched a special electronic portal to facilitate the purchase of …
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BusinessEastern AfricaFinance & ServicesInsurance
Kenya’s M-Pesa mobile money service offset against the risk of non-payment
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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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. …