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News
The claim settlement playbook: from filing to final payout
3+ hour, 26+ min ago (455+ words) A life insurance policy is bought on a simple promise: one's family will be financially protected when it matters most. That promise is put to test at a difficult time—following the death of a loved one, when the family…...
IBBI seeks stronger safeguards for personal guarantors
6+ hour, 14+ min ago (173+ words) Daily Pioneer IBBI seeks stronger safeguards for personal guarantors The insolvency and bankruptcy regulator has proposed changes to the norms governing the insolvency resolution process for personal guarantors to corporate debtors, including the exclusion of related parties of the guarantor…...
El Nio: Why Kenyan businesses must consider taking insurance against predicted floods
7+ hour, 44+ min ago (214+ words) Between 1997 and 1998, El Niño rains caused heavy flooding in Kenya. There was devastating destruction of roads, buildings, and crops. Supply chains were disrupted and communities displaced. Losses ran into billions of shillings. The businesses that survived physical destruction did not…...
We didn’t witch-hunt any insurer, says NAICOM
5+ hour, 37+ min ago (393+ words) September 14, 2026 by Omobola Tolu-Kusimo The National Insurance Commission (NAICOM) has dismissed allegations that it deliberately targeted or “witch-hunted” insurance operators in the course of the recapitalisation exercise, insisting that every regulatory action was taken in the interest of policyholders and…...
Oriental Insurance hopes to turn corner in FY27
5+ hour, 38+ min ago (151+ words) Daily Pioneer Oriental Insurance hopes to turn corner in FY27 On the occasion, the company launched a range of innovative products and initiatives for its customers. Nachiketa and the Lord of Death Kautilya and the War for the “Mindscapes” SEBI’s expiry-day…...
AI Data Centers Are on Track to Fuel 'Explosive' Growth in Captive Insurance
5+ hour, 40+ min ago (800+ words) A form of self-insurance often associated with mining, oil and other environmentally risky sectors is quietly transforming the market for physical-risk coverage, thanks to the rise of mega AI data centers. Captives — whereby firms sidestep traditional insurers and instead set…...
Why rebuild cost reviews are also an E&O issue for brokers
10+ hour, 3+ min ago (481+ words) The brokerage argues this exposes homeowners to co-insurance clause penalties that can reduce claim payouts even on partial losses, and points to rising construction costs as the underlying driver. "We're seeing this constantly in client feedback right now: people who…...
Insurance moves: Ameritas and ANV
10+ hour, 18+ min ago (528+ words) Two insurance organizations announced leadership changes this week. Below is a roundup of the moves, with a look at what each means for brokers and producers. Ameritas has promoted Shannon Berry (pictured, left) to senior vice president of sales and…...
Why one IT consultancy thinks AI insurance stays a niche through 2028
10+ hour, 33+ min ago (280+ words) ScienceSoft, a McKinney, Texas-based IT consulting and software development firm, has published research projecting that by 2028, 60% to 80% of new policies and renewals in errors and omissions, directors and officers, employment practices liability, and cyber insurance will factor AI risk into…...
Greens pitch $50m annual te reo Māori injection paid for by wealth tax
7+ hour, 24+ min ago (14+ words) Stuff...