25/4/2018/Fitch Ratings Fitch Ratings views blockchain as a potential game-changing technology for the insurance industry over the long term. Benefits could range from significantly reduced operating costs, more accurate customer-specific data, and better risk pricing and improved efficiencies. However, the technology remains unproven, and greater clarity around its advantages and […]
Insurance
African Alliance Insurance Says N8.0 Billion Claims Settled in 2017
April 18, 2018/Lexiton Media The Management of African Alliance Insurance Plc has announced that N8.69billion was paid in claims settlement in 2017, a 32.5% increase from the N6.56bn paid in 2016. The company also recorded a gross premium income of N6.29billion in 2017. The figures were released by the Managing […]
NSE fines African Alliance N46.1m for late account submission
April 16, 2018/The Nation Omobola Tolu-Kusimo •Firm records N21b negative reserve The Nigerian Stock Exchange (NSE) has imposed a fine of N46. 1 million on African Alliance Plc for breaking its rule on account submission. According to NSE X-Compliance Report, released on April 12, 2018, the fine is for late […]
