Nigerian Insurance Agricultural Corporation (NAIC) has said that the reason for delay or default in claims payments is due to brokers who fail to remit premiums to insurers.
Three specialist firms in the insurance industry will create a secure InsurTech platform that will support cryptocurrency investors in insuring crypto risk.
An administrative court has ruled that insurers do not have to disclose in insurance policies the amount of commissions or incentives paid to intermediaries.
Insurance brokers should recognise the reputational risks they face and tackle these issues head-on, according to the latest report of the Society of Insurance Broking (SIB).
The board of directors of Ascoma Assureurs Conseils (ASCOMA), insurance advisory and brokerage company has announced the appointment of Mr Farid Chedid as the company's new chairman and Group CEO.
Singapore's sovereign wealth fund GIC and the international private equity firm Cinven have completed the acquisition of global specialist insurance and (re)insurance broker, Miller, from Willis Towers Watson, according to a statement issued yesterday.
The shares of Thailand's biggest reinsurance broking company TQR have been listed on the Market for Alternative Investment (mai) since 17 February. TQR is the first MAI-listed reinsurance broker and has a 10% share of the non-life reinsurance market in the country.
The Australian Competition and Consumer Commission (ACCC) has outlined some concerns over Aon's $30bn bid for Willis Towers Watson (WTW) to create the world's largest insurance broker.
Singapore-based InsurTech group CXA is set to sell its brokerage business in the city-state and in Hong Kong to global employee benefits broker Pacific Prime.
The uptake and evolution of e-trading platforms have seen a sharp rise in 2020, accelerated by the necessities of COVID-19 and the push from Lloyd's Blueprint Two initiative. This according to a report by InsTech London, which looked at themes that it believes will change insurance within the next decade.