Lloyd’s of London faces $4.5bn hurricane bill after profits slide in first half

Lloyd’s of London has warned that it faces a $4.5bn (£3.4bn) hit from hurricanes Harvey and Irma after unveiling a profit slide for the first half of the year – before the catastrophic storms had happened. The world’s biggest insurance market said its pre-tax profits for the six months to June 31, a relatively benign period for natural disasters and before Harvey and Irma thrashed the US… Continue reading Lloyd’s of London faces $4.5bn hurricane bill after profits slide in first half

Nigeria’s National Insurance Commission to sack chief executives over unpaid claims

Nigeria’s National Insurance Commission (NAICOM) has revealed plans to work on statutory deposits of insurance firms to settle unpaid claims, while chief executives of companies whose deposits are applied to such would be discharged from official duty. Nigeria’s Commissioner for Insurance, Mohammed Kari, disclosed this at the ongoing Chartered Insurance Institute of Nigeria (CIIN) 2017… Continue reading Nigeria’s National Insurance Commission to sack chief executives over unpaid claims

[Video]: Docta Ghana – The App making Healthcare Accessible in Ghana.

Cedric Foudjet, a young entrepreneur from Ghana created an app which connects patients to Medical doctors and enhances healthcare service delivery in the West African country.       Follow us!!! @bslbng

10 Things You Must Do to Achieve Your Highest Potential

1.Read good books. We come into the world full of potential, but virtually void of wisdom. To fulfill your potential, you are going to have to study those who came before you. Reading books is the quickest and simplest way of acquiring knowledge. 2.Associate with people who are smarter than you are. You are only… Continue reading 10 Things You Must Do to Achieve Your Highest Potential

7 Reasons Why You Should Not Give Up On Your Dreams.

Financial rewards. To achieve small things, dream small; to achieve great things, dream big.  Almost every great accomplishment—past or present—began as a dream.When you meet someone poor, you may ask them, “Why?”  But, the better question to ask is: “What is your dream?”  For, it is from them that we draw poverty or prosperity.  Giving… Continue reading 7 Reasons Why You Should Not Give Up On Your Dreams.

Nigeria’s Central Bank Governor warns banks to guard against Key – man risk.

  Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele on tuesday identified key-man risk in the banking sector as a huge challenge, just as he advised financial institutions to guard against it. Mr Emefiele pointed out that while appreciable momentum had been attained in corporate governance practices in the Nigerian Banking industry, the regulators… Continue reading Nigeria’s Central Bank Governor warns banks to guard against Key – man risk.

KPMG: Africa’s Insurance Market is a sleeping giant.

KPMG Head of Insurance for East Africa James Norman has described Africa’s hugely unexploited insurance market as a sleeping giant. According to him, there is a real buzz about the sector because of its plentiful or enormous opportunities. “There’s a real buzz about the sector because opportunities are immense,” he says. “There’s a young population,… Continue reading KPMG: Africa’s Insurance Market is a sleeping giant.