Santam’s profit rockets despite paying out R24.5bn in claims

South Africa’s largest short-term insurer, Santam, has reported that it paid out a record R24.5-billion for the year to December 2021, including catastrophe claims from large-scale fires, weather events that significantly affected agriculture, and floods in Gauteng and KwaZulu-Natal. At the same time, claims on the motor book and personal lines returned closer to pre-pandemic […]

Burundi Insurance Corporation(BICOR) celebrates the 30th Anniversary

Burundi Insurance Corporation(BICOR) celebrates the 30th Anniversary

Burundi’s Insurance Company BICOR ( BURUNDI INSURANCE CORPORATION ) celebrated on September 2, its 30th anniversary under the slogan: “Thirty years at BICOR is experience and innovation at the service of our customers”. It was an opportunity to present her innovative products: Family Pack, Transport Insurance Plan & Professional Insurance Plan. In his opening remarks, […]

Don’t wait for misfortune to sign onto insurance - Sunu Assurance CEO

Don’t wait for misfortune to sign onto insurance – Sunu Assurance CEO

Managing Director and Chief Executive Officer of Sunu Assurance, Mr Adeyemi Adetuwo The Managing Director and Chief Executive Officer of Sunu Assurance, a wholly-owned Pan-African Insurance Group, Mr Adeyemi Adetuwo is advising Ghanaians and Africans in general not to wait for misfortunes to befall them before they sign onto insurance policies. For him, insurance should […]

"We are leveraging Nigeria's digital revolution to deepen insurance penetration" – Alero Ladipo of Old Mutual

“We are leveraging Nigeria’s digital revolution to deepen insurance penetration” – Alero Ladipo of Old Mutual

As Nigeria joined the rest of the world to shut down to disrupt the rapid spread of the virus, the entire country retracted into the social network shells and embraced digital technology to keep their business running. The Nigeria Communication Commission reported that they observed an impressive spike in the number of active internet subscribers […]

Saham Assurance’s acquisition by Mauritian Insurance Company completed

Saham Assurance’s acquisition by Mauritian Insurance Company completed

NAIROBI, Kenya, Jul 10 – The Mauritian insurance company has completed the acquisition of Saham Assurance Company Kenya Limited, through its subsidiary MUA Insurance Limited Kenya. In a statement, the company says the transaction follows regulatory approval by the Insurance Regulatory Authority of Kenya, the COMESA Competition Commission and the South African Reserve Bank. The […]