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News
NAICOM, NCAA Sign MoU to Tighten Aviation Insurance Oversight
3+ day, 3+ hour ago (416+ words) streamlinefeed.co.ke The National Insurance Commission and the Nigeria Civil Aviation Authority signed a memorandum of understanding on Wednesday, September 9, at the NCAA headquarters in Abuja, tightening oversight of aviation insurance compliance and establishing a Joint Technical Committee on…...
CIC Insurance Profit Jumps 70 Percent on Heavy Investment Gains
1+ week, 4+ day ago (454+ words) CIC Insurance Group has reported a 70.3 percent increase in its half-year net profit to KES 1.09 billion, driven by massive investment returns. CIC Insurance Group has posted a 70.3 percent surge in its half-year net profit to KES 1.09 billion, driven by aggressive…...
Global Shipping Braces as Strait of Hormuz War-Risk Insurance Spikes to 10%
3+ week, 4+ day ago (759+ words) streamlinefeed.co.ke The cost of maritime war-risk insurance for commercial vessels transiting the Strait of Hormuz has surged to nearly 10 percent of hull value, threatening to sever global crude oil trade routes and inflict massive inflationary pressure on import-dependent…...