Insurance
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Compulsory cover for robots proposal rejected
Compulsory insurance for producers of robots to cover the damage they might cause is unworkable, according to Insurance Europe.
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Indian non-life insurance market stalling, says Best
The recent improvements in India's non-life market have come to an end, according to AM Best. The three-year trend of…
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Argo Pro partners with BlueChip to provide transaction insurance
Argo Pro, part of Argo Group International Holdings, has joined forces with BlueChip Underwriting Services to provide transactional risk insurance…
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AGCS exceeds 100% combined ratio as group reports higher profits
Allianz Global Corporate & Specialty (AGCS) reported reduced revenues in 2016, as the German firm insisted upon profitability over volume.…
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Exchange rates heaping pressure on emerging markets across Africa
Exchange rate issues continue to climb the risk management agenda across Africa as countries battle to cope with low…
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Verisk acquires Healix Risk Rating
Verisk Analytics has acquired Healix Risk Rating, a specialist in medical risk assessments for the travel insurance industry, from Healix…
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Africa Re and World Bank support agriculture insurers across SSA
Africa Re and the World Bank Group’s Global Index Insurance Facility (GIIF) have agreed a risk-sharing facility, in form of…
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Marsh suggests market may be about to turn as rate decreases reduce
Global commercial insurance rates fell again in the last quarter of 2016 but, with reductions decreasing, Marsh believes the market…
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Israeli firm to guard Kenya’s oil as US border patrol deal wavers
An Israeli state-owned company, Rafael Advanced Defence System, will provide all security solutions to Kenya’s oil and gas industry as…
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Insurers must adapt if they are to meet insureds’ demands for the future
Insurers across Africa need to be preparing now for massive changes ahead, warns one South African insurance boss. Stuart…
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Uganda forms oil and gas syndicate
A syndicate of 16 insurance companies is aiming to collect $100m in annual premium income from the oil and…
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Kenya’s insurance compensation more than doubles
Policyholders of collapsed insurance companies in Kenya will be paid up to $2,500 – an increase of more than…
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GIC Re records Africa annual growth of 125%
Bringing its expertise and experience from India across to Sub Saharan Africa, GIC Re has seen growth of 125%…
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Swiss Re Corporate Solution names Jim George head of global claims
Swiss Re Corporate Solutions has appointed Jim George as global head of claims. Mr George succeeds Nicola Parton, who is…
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Court rejects Nigerian claims against Shell
Lawyers for more than 40,000 Nigerians will appeal an English High Court judgment handed down, which ruled that two polluted…
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AGCS promotes Green in UK PI team
Allianz Global Corporate & Specialty (AGCS) has promoted Rob Green to senior underwriter in its UK professional indemnity (PI) team.…
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Navigators assembles new management team for Asian expansion plan
US-based specialty insurer Navigators has appointed a new management team for its Asia division. The team, which will be based…
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Scandals highlight rising D&O risk in corporate Asia
High level executives in Asia corporates face a much greater risk of litigation and liability due to more stringent regulation,…
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ADB calls for public/private disaster insurance scheme
The Asian Development Bank (ADB), a cooperative of financial institutions dedicated to reducing poverty in the region, has called for…
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SSA remains near bottom of the global corruption index
Botswana remains the least corrupt country in Sub Saharan Africa, according to Transparency International’s Corruption Perceptions Index 2016, in…