The Financial Sector Conduct Authority (FSCA) has begun consultations with the insurance industry to develop solutions relating to universal life policies, in addition to the existing policy interventions made in the past few years. The aim is to...
South Africa's Supreme Court of Appeal has ruled that the country's biggest short-term insurer Santam is liable to cover the impact of COVID-19 restrictions on hotel group Ma-Afrika for 18 months, rejecting the insurer's request for a shorter time frame on the claim, reported Reuters.
The insurance industry in Ghana can do more to increase penetration given that life and general insurers now only insure only 2% of the insurable public, says Mr Nashiru Iddrisu, managing director of South Africa-headquartered Hollard Life Assurance.
The Insurers Committee has revealed that plans are at the final stage to empower the National Insurance Commission (NAICOM) to announce a new rate for third-party motor liability insurance policies by 1 January 2022.