Tag: insurance industry
As Nigerian insurers race towards the extended 2021 insurance recapitalisation deadline, Ebunoluwa Babarinde, Manager, Treasury and Financial Institutions at Financial Derivatives joins CNBC Africa to breakdown some earnings from the industry.
One of the biggest concerns during these unprecedented times of countries implementing strict lock-downs is how customers are treading the waters of insurance. Companies now have to adapt to operating models that are going to fit the COVID-19 impact of unemployment, less travel time on cars and customers looking for better value for money cover. Joining CNBC Africa to unpack more on this is Ernest North, Co-founder at Naked Insurance, Anton Ossip, CEO of Discovery Insure and Brand Pretorius CEO of Momentum Short- term Insurance.
Coronation Merchant Bank says they have identified 14 Nigerian insurers which are raising N83 billion out of the 44 firms that submitted their plans to raise capital. But will extra capital in Nigeria's Insurance industry lead to growth? Guy Czartoryski, Head of Research at Coronation Merchant Bank joins CNBC Africa for an outlook on Nigeria’s insurance sector this year.
Coronation Merchant Bank (CMB) says Nigeria's Insurance Industry (NII) has not shared in the growth experienced by other financial services sectors and has hardly grown in 10 years. To discuss the implications of the recapitalisation exercise on Nigeria's insurers, Guy Czatoryski, Head of Research at Coronation Merchant Bank joins CNBC Africa for more.
Today begins the 42nd Annual conference of the Organization of Eastern and Southern African Insurers (OESAI), the event will operate under the theme: ‘Creating the Future of Insurance Now’. Here in Rwanda the insurance industry has seen big news within the past year, from car insurance tariffs increasing by up to 73 per cent, to companies consolidating and merging in a bid to raise capital, here to unpack what it all means for the sector and why it's important to increase insurance penetration on the continent, Secretary General and CEO of OESAI, Linet Macharia joins CNBC Africa for more.
Op-Ed: Radical economic transformation hobbled by intrusive & excessive regulation in insurance industry
South Africa's insurance industry is an oligopoly - a market structure similar to a monopoly. Read on to see how it differs.