Jeremy Leach is the founder and CEO of Inclusivity Solutions, a company which designs, builds and operates digital insurance products. It partners with mobile operators, banks, insurance firms and other financial institutions to deliver simple and affordable insurance cover through mobile phones. The company has launched digital insurance initiatives in Côte d’Ivoire, Rwanda and Kenya, in partnership with Orange, Airtel and Equity Bank’s Equitel respectively. In May 2020, Inclusivity Solutions secured an additional $1.3 million in the second tranche of its series A round, bringing the total series A fundraising to $2.6 million. Its investors include Goodwell Investments, UW Ventures...
Continue reading...
Order for the provisional winding-up of Bophelo Life Insurance Company Limited by South African Reserve Bank (SARB) Bophelo Life Insurance Company Limited (Bophelo Life) is a registered long-term insurer and financial services provider. Bophelo Life was placed under provisional curatorship on 6 November 2018. True South Actuaries and Consultants (Pty) Limited (the curator) was appointed as the provisional curator. The curator’s report received by the Prudential Authority (PA) on 5 December 2018 states that Bophelo Life’s liabilities far exceeded its assets. The curatorship determined that significant capital investment and business development would be required for...
Continue reading...
How insurance works Some types of insurance you have to take out by law such as motor insurance if you drive a vehicle; some you may need as a condition of a contract such as buildings insurance as a requirement of your mortgage; and others are sensible to take out such as life insurance or saving for a pension. While it is a good idea to make sure you are not paying for insurance that you don’t need, you should always think about what would happen if disaster struck and you didn’t have cover to protect you. You can buy insurance policies for many aspects of your life, for example for your health, home, car, business, or retirement. An insurance policy is the contract that you take out with...
Continue reading...
A motorist, whose vehicle was written off the road after being involved in a horrific crash, has been awarded Dh311,000 in compensation for the damages. The Abu Dhabi Court of First Instance ordered the insurance company to pay the man Dh311,000, which is equivalent to the market value of the vehicle. The court documents stated that the Arab driver lost control of the vehicle, which veered off the road and flipped in the air. The man sustained minor injuries but the vehicle was completely damaged. The police had to write the vehicle off the road after the engineers' report said it posed threat to the occupants and other road users and was no longer fit to be on the roads. The motorist then...
Continue reading...
Kentucky Central Insurance Company Kentucky Central Life Insurance Company (KCL) was one of the largest life insurance companies in the United States, writing policies in 49 states and the District of Columbia until its collapse in 1993. At the time of the collapse Kentucky Central had over $43 billion in assets, making it the seventh largest insurance collapse in United States history, and at the time the largest business collapse in Kentucky history. History [ edit ] Kentucky Central was a small regional life insurance company based in Louisville, Kentucky until 1959 when controlling interest in the company was purchased by Garvice Kincaid, who was also named CEO of KCL until his death...
Continue reading...
Life and Casualty Insurance Company of Tennessee The Life and Casualty Insurance Company of Tennessee was a life insurance company based in Nashville, Tennessee, founded in 1903 by A. M. Burton (Andrew Mizell Burton), great-grandfather of singer Amy Grant. Burton was a regional manager for the Western & Southern Life Insurance Company, based in Cincinnati, Ohio, when it decided to discontinue operating in Tennessee. Burton was going to be discharged, but according to company lore, was told by his superior, "If you're the man that I think that you are, you'll start your own company," and he did so. For many years, the firm sold a mixture of "industrial life insurance" policies, with...
Continue reading...
Executive Life Insurance Company Executive Life Insurance Company (ELIC) was once the largest life insurance company in California. Its financial problems and subsequent insolvency in April 1991 shocked its policyholders and the financial world. At the time, First Executive was the biggest insurer ever to fail, which resulted primarily from money-losing investments in junk bonds. First Executive through Fred Carr had a strong association with Mike Milken and the brokerage firm Drexel Burnham Lambert, whereby at the end of 1990 the company owned high-yield debt, much of it issued through Drexel, with a carrying value of $9 billion. According to Robert Sobel, First Executive was involved in...
Continue reading...
Why Al Sagr Cooperative Insurance Company? Al Sagr Cooperative realizes the importance of having professional employees, which is the secret of our success especially in insurance industry. Therefore, Al Sagr is working constantly on attracting qualified employees at all administrative levels and support them through the following: Encouraging the right behavior and create great competitive spirit of work environment. Offering excellent work opportunities for vibrant, innovative individuals. Providing international training programs for both long & short-term. Joining a strong team of professionals with long experience in the insurance industry. Providing job security and career bath...
Continue reading...
