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News
CIC Insurance Profit Jumps 70 Percent on Heavy Investment Gains
13+ hour, 7+ min 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%
2+ week, 11+ hour 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…...
Collapsed United Insurance Issues Ultimate August Deadline as 20-Year Liquidation Concludes
4+ week, 1+ day ago (772+ words) streamlinefeed.co.ke After a grueling 20-year legal and financial purgatory, creditors of the collapsed United Insurance Company Limited have been granted a final window to lodge their claims as the court-appointed liquidator moves to officially wind up the firm....
Investment Surge Rescues Regency Alliance as Q1 Profit Climbs 46 Percent
1+ mon, 3+ day ago (188+ words) Official amenity list includes a padel court. Official renders label the covered court as PADEL INEZA with mesh fencing and a roofed steel structure. Regency Alliance posted a N617.5 million Q1 profit, driven by massive equity gains that shielded a 56 percent collapse…...
Global Insurers Slash Premiums in Aggressive Hunt for Fossil Fuel Deals
1+ mon, 1+ week ago (274+ words) Global underwriters are cutting insurance premiums to secure new oil and gas business in safe regions, contradicting corporate climate pledges and subsidizing fossil fuels. Industry insiders report that underwriters operating in hubs like the Lloyd’s of London market are drastically…...
ICICI Lombard Profit Plunges 46 Percent as Fire Insurance Price War Peaks
1+ mon, 2+ week ago (185+ words) ICICI Lombard's Q1 net profit collapsed by 46% to KES 6.2B, driven by major industrial fire claims, judicial rulings, and an unsustainable pricing war. The devastating drop in profitability was driven by a confluence of severe, unavoidable payouts and strategic retreats from unprofitable…...
Soaring McMansion Insurance Prices Open Doors for Commercial Underwriters
1+ mon, 3+ week ago (483+ words) streamlinefeed.co.ke...
National Health Insurance Authority Surpasses 22 Million Mandatory Enrollees
1+ mon, 3+ week ago (434+ words) streamlinefeed.co.ke The National Health Insurance Authority (NHIA) has successfully integrated over 22 million Nigerians into its mandatory healthcare coverage network, marking a watershed moment in the country's multi-decade pursuit of universal health coverage This statistical milestone represents a radical…...
Major Insurers Reject Coverage for AI-Driven Business Decisions
1+ mon, 3+ week ago (337+ words) The global insurance industry is quietly executing a massive retreat from underwriting artificial intelligence risk. While compliance teams debate ethical frameworks, underwriters have issued a definitive verdict on algorithmic liability: they simply refuse to cover it. This aggressive pullback holds…...
Tanzania Insurance Regulatory Authority Unveils Specialized Hub at Saba Saba
1+ mon, 3+ week ago (451+ words) TIRA launches a centralized Insurance Village at the 50th Saba Saba exhibition to combat low financial literacy and drive regional sector penetration. DAR ES SALAAM — In a strategic maneuver to combat chronically low financial literacy rates and boost sector penetration, the…...