THE insurance industry, during the nine months period ended September 2017, witnessed marginal growth in gross premium written while claims expenses went up significantly.This development may have put the badly affected underwriters in financial stress. While industry gross premium grew by 9.7 percent to N199.6 billion from N181.9 billion in the corresponding period of 2016,… Continue reading Insurers groan as premium growth lags behind liabilities
An interesting look at the role of Lawyers in enhancing insurance penetration as well as opportunities available to Lawyers in the Nigerian Insurance Industry.
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
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.
In the internet age, the sharing economy and the popularity of apps like Uber – which allows users to hail a ride from their phone, usually within minutes – come hand-in-hand with a change in consumer expectations. When it comes to insurance, aggregators have long had an effect on the landscape and the means… Continue reading How have Uber, Airbnb affected insurance?
It is projected that the revenue in Nigeria this year for the internet of things would be about $93m. This was made known by the managing director of Ericsson Nigeria, Mr Rutgar Reman as published in Thisday of June 26, 2017. Quoting a report from the International Data Corporation, he also said “with a revenue… Continue reading NIGERIA’S INTERNET OF THINGS (IOT) REVENUE HITS $93 MILLION