Lami, a Kenyan Insurance Technology Company, has secured $1.8 million in seed funding to expand its operations across the continent.With a penetration rate of 3%, according to a McKinsey study, l...
The FSD Africa is a non-profit company sponsored by the UK’s Department for International Development has launched the Risk, Resilient and Regulatory Lab (R3lab) to modify the regulatory terrain i...
Curacel, a Nigerian insurtech firm, has raised US$3 million in initial funding to launch new solutions and assist its expansion into North Africa. Curacel uses artificial intelligence to streamline Af...
It's been reported that AIICO Insurance Plc recently acquired a 5% shareholding in Infrastructure Credit Guarantee Company Limited.In the statement released by Infrastructure Credit Guarantee Company ...
When shopping for home insurance, many people focus on the price comparison first before discussing what is covered in the policy. HO3 and HO5 are very different and this is why we have de...
What is Bank-Owned Life Insurance (BOLI)?DefinitionBank-owned life insurance is a type of life insurance that covers a bank both as the owner and beneficiary. Through the use of some cash-value p...
Recently, the NGX Regulation Limited placed sanctions on firms like Presco Plc, eTranzact International Plc, NCR (Nigeria) Plc, African Alliance Insurance Plc, ABC Transport Plc, and PZ Cussons Nigeri...
The past two months have been a struggle for global economies as a result of the coronavirus pandemic. At the start of the pandemic in the US, the government set up coronavirus support programs for su...
AXA Mansard is an insurance company and financial company that is focused on health, investments, insurance, and more. The company reports a whooping 37.3 percent decline from last year’s numbers.&n...
The Nigerian Exchange Limited (NGX) has approved Sovereign Trust Insurance PLC an additional 2.864 billion ordinary shares of 50 kobo each per share on its daily official list.This development was mad...