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A service for researchers · Wednesday, October 24, 2018 · 466,001,129 Articles · 3+ Million Readers
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Guinea Insurance Industry News Monitoring Service

  • Published on Oct 17, 2018

    House Reads Riot Act to Insurance Companies over Alleged Infractions

    By Shola Oyeyipo in Abuja The House of Representatives Committee on Capital Market and Other Institutions has alleged that there are serious infractions on the part of major insurance companies in Nigeria. The lawmakers alleged that consultants engaged by …

    Source: This Day
  • Published on Oct 18, 2018

    Alcoa Corporation's (AA) CEO Roy Harvey on Q3 2018 Results - Earnings Call Transcript

    Alcoa Corporation (NYSE:AA) Q3 2018 Earnings Conference Call October 17, 2018 5:00 PM ET Executives James Dwyer - VP, IR Roy Harvey - President and CEO William Oplinger - EVP and CFO Analysts Piyush Sood - Morgan Stanley David Gagliano - BMO Capital …

    Source: Seeking Alpha
  • Published on Sep 3, 2018

    Cumulative N187.7bn gives 8 insurers Tier1 edge

      While some underwriters may have to face the challenge of improving on their capital base to meet the new regulatory order set by the National Insurance Commission (NAICOM), at least eight of them are confident of participating in the Tier1 category …

    Source: New Telegraph
  • Published on Aug 27, 2018

    Insurers’ underwriting expenses outpace premium

    By Rosemary Onuoha There are indications that insurers are committing more resources to meeting insurance claims and other underwriting expenses.  But this development may be eating into their earnings as expenses outpace gross premium written, GPW. File: …

    Source: Online Nigeria
  • Published on Aug 6, 2018

    New insurance industry policy sidelines 40 companies

      Mon Aug 6th, 2018 - Niger   By Rosemary Onuoha EXCEPT the National Insurance Commission, NAICOM, approves new insurance licenses, only nine insurance companies in Nigeria would be allowed to underwrite big ticket policies by next year, under the …

    Source: Best Naira News
  • Published on Jul 30, 2018

    Recapitalisation: Low Stock Prices Expose Insurance Firms to Hostile Takeover

    By Goddy Egene    Following the recapitalisation timeline announced last week by the National Insurance Commission (NAICOM), fears of hostile takeover has gripped some owners of insurance companies due to their low share prices on the Nigerian Stock …

    Source: This Day
  • Published on Jun 21, 2018

    Delayed Results: 17 Insurance Firms Get N62m NSE, NAICOM Fine

    Ebere Nwoji The Nigerian Stock Exchange (NSE) has fined 17 insurance firms for the delay in the submission of their 2017 full year results, THISDAY learnt Wednesday. The affected firms also risk stiffer sanction from the National Insurance Commission ( …

    Source: This Day
  • Published on Jun 21, 2018

    NSE, NAICOM Fine 17 Insurance Firms N62.3m on Delayed Results

    Ebere Nwoji The Nigerian Stock Exchange (NSE) has fined about 17 insurance firms for the delayed submission of their 2017 full year results, THISDAY learnt yesterday. They affected firms also face stiffer sanction from the National Insurance Commission ( …

    Source: This Day
  • Published on Jun 13, 2018

    Value of Insurance Stocks Fall 15% on New Pricing Methodology

    Goddy Egene The aggregate value of insurance stocks on the Nigerian Stock Exchange (NSE) has depreciated by 15 per cent since the Exchange introduced a new pricing methodology and par value rule on January 29, 2018. The new par value rule specifies that …

    Source: This Day
  • Published on May 31, 2018

    Buhari calls for protection of Gulf of Guinea

    Oluwatobi Akindele  President Muhammadu Buhari on Thursday called for collaborative efforts in the protection of the Gulf of Guinea  (GoG) from maritime crime. Buhari said the only way to stem the tide of sea robberies and pirate attacks in the Gulf of …

    Source: Punch Newspapers
  • Published on Sep 20, 2018

    SUNU Assurances Liberia Finally Takes Over Equity - Liberian Daily Observer

    A Francophone insurance group, SUNU on Wednesday, September 19, officially took over Equity Assurance Company Liberia Ltd. The acquisition has given the SUNU Group’s presence on the Liberian market. The Group already has operations in 14 other African …

    Source: Liberian Times
  • Published on May 18, 2018

    Fire: Insurance claims rise by 125% to N22.92bn

      Sunday Ojeme Despite economic recession that troubled their premium growth for over a year, Nigerian underwriters experienced claims increase of over 100 per cent on fire policy as they paid out a total of N22.92 billion as against N17.67 billion in the …

    Source: New Telegraph
  • Published on Apr 13, 2018

    Nigeria: Piracy on the rise in the Gulf of Guinea

    The International Maritime Bureau's (IMB) Piracy Reporting Center has once again identified Nigerian waters as being extremely dangerous. According to figures available for the first three months of 2018, Nigeria alone recorded 22 incidents since the …

    Source: DW.DE
  • Published on Apr 10, 2018

    Ebola, Meningitis, Marburg, Lassa Fever to be piloted in African Risk Capacity Outbreaks & Epidemics Insurance scheme

      The African Risk Capacity, ARC, an agency of the African Union, is developing an insurance product to facilitate rapid, first-line financial responses to disease outbreaks. In the pilot phase, Ebola, Marburg, Meningitis, and Lassa Fever will be covered. …

    Source: Realnews
  • Published on Apr 25, 2018

    Weak Regulation, Poor Leadership Ruining Insurance Sector, Experts Cry Out

    Chika Amanze-Nwachuku Insurance industry experts have blamed weak industry supervision and poor leadership for the sector’s abysmal performance over the years. They admitted that over the years, the insurance industry in Nigeria has experienced slow and …

    Source: This Day
  • Published on Apr 22, 2018

    Guinea Insurance Plc records N967m premium in 2017

    The statement stressed that the National Insurance Commission had also approved the 2017 audited financial statement of the underwriting firm. Guinea Insurance Plc on Sunday said it achieved N967.1 million Gross Written Premium in 2017. A statement signed …

    Source: Eagle Online
  • Published on Apr 17, 2018

    BRIEF-Guinea Insurance Posts Q1 Pretax Profit Of 1.9 Mln Naira

    April 17 (Reuters) - Guinea Insurance PLC: * Q1 ENDED MARCH 2018 PROFIT BEFORE TAXATION OF 1.9 MILLION NAIRA VERSUS LOSS OF 31.6 MILLION NAIRA YEAR AGO * Q1 NET PREMIUM INCOME OF 268.1 MILLION NAIRA VERSUS 141.7 MILLION NAIRA YEAR AGO * NO DIVIDEND WAS …

    Source: Reuters
  • Published on Apr 16, 2018

    Africa:Ebola, Other Diseases Piloted in New Insurance Programme

    Johannesburg — The African Risk Capacity (ARC), an agency of the African Union, is developing an insurance product to facilitate rapid, first-line financial responses to disease outbreaks. In the pilot phase, Ebola, Marburg, Meningitis, and Lassa Fever …

    Source: News
  • Published on Apr 13, 2018

    BRIEF-Guinea Insurance Posts Rise In FY Pretax Profit

    April 13 (Reuters) - Guinea Insurance PLC: * FY ENDED DEC 2017 PROFIT BEFORE TAXATION OF 237.8 MILLION NAIRA VERSUS 176.2 MILLION NAIRA YEAR AGO * FY NET PREMIUM INCOME OF 747 MILLION NAIRA VERSUS 649.5 MILLION NAIRA YEAR AGO Source text for Eikon: goo.gl …

    Source: Reuters
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