Nigeria: Motor insurers could miss premium income target because of price hikes

Published on December 4, 2023
The insurance sector in Nigeria looks likely to miss its target of achieving NGN148.30bn ($188m) from third-party motor insurance by 31 December, as against NGN56.76bn recorded in 2022.
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Africa: AFG Group to expand in West African, Central African and Indian Ocean markets

December 4, 2023
AFG Holding has just concluded the purchase of an insurance company in Cote d'Ivoire, according to Mr Romeo Bouba, deputy managing director in charge of the finance department of AFG Holding.

Beazley to work with DRC’s RS X Rating for Global Enterprise Rating

December 4, 2023
Specialist insurer Beazley has selected Decision Research Corporation (DRC), a provider of enterprise software solutions for the Property and Casualty insurance industry, to help power its next generation of pricing tools.To do so, the London-based insurer will work with DRC’s RS X Rating as the Global Enterprise Rating technology.Troy Dehmann, Chief Operating Officer at Beazley, said: “We are des