Tag: Insurance
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FinMin Renewed Push for Merger of State-Owned General Insurers to Improve Efficiency
FinMin Revisits Merger Plan for State-Owned General Insurers The Finance Ministry has renewed its proposal to merge the country’s three state-owned general insurance companies into a single entity. The move comes on the back of improved financial health within the sector, with the government signaling that a consolidated insurer could unlock greater efficiency, scale, and…
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Tokio Marine to Acquire CIH, Expanding Technology-Driven Risk Management for Agriculture
Tokio Marine Expands into Tech-Driven Agricultural Risk Management In a move set to reshape the agricultural risk landscape, Tokio Marine Holdings, Inc. announced it has signed a definitive agreement to acquire Commodity & Ingredient Hedging (CIH). The deal underscores Tokio Marine’s strategy to deepen capabilities in technology-enabled risk management across essential sectors, especially farming and…
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Tokio Marine to Acquire Commodity & Ingredient Hedging, Expanding Tech-Driven Risk Management for Agriculture
Tokio Marine to Expand Tech-Driven Risk Management in Agriculture In a strategic move set to reshape the agricultural risk management landscape, Tokio Marine Holdings, Inc. has signed a definitive agreement to acquire Commodity & Ingredient Hedging (CIH). The deal positions Tokio Marine to broaden its technology-enabled risk solutions for the agricultural economy, combining CIH’s market-leading…
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UK Consumers Warned Over AI Chatbots Giving Inaccurate Financial Advice
UK Consumers Warned as AI Chatbots Fall Short on Financial Guidance Artificial intelligence chatbots have become a staple of online interaction, customer service, and quick information gathering. But recent testing reveals a troubling pattern: popular AI chatbots are providing inaccurate financial guidance to UK users. From misleading tax tips to unnecessary insurance pitches, researchers warn…
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Universal Insurance Plc Posts 388% Profit Growth for Nine Months to September 2025
Universal Insurance Plc Sees 388% Surge in Post-Tax Profit Universal Insurance Plc, a notable player in the underwriting sector, has announced a remarkable 388% rise in post-tax profit for the nine months ending September 2025. The surge underscores how the firm’s diversified revenue mix and strategic investment moves are reshaping its profitability trajectory amid a…
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Universal Insurance Posts 388% Profit Growth in Nine Months
Record Profit Surge for Universal Insurance Universal Insurance Plc has delivered a remarkable financial performance for the first nine months of 2025, reporting a 388% increase in post-tax profit. The surge underscores the company’s strong market position as it navigates an evolving insurance landscape with solid investment gains and steady premium growth. Key Drivers Behind…
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Blue Islands Collapse: Rescue Flights by Aurigny and Loganair
Introduction: A sudden airline collapse disrupts travel plans In a sharp turn for travelers in the Channel Islands, Blue Islands has ceased trading, cancelling all bookings and leaving passengers stranded. The Jersey-based operator, which had around 100 staff, announced the shutdown on Friday, triggering a wave of concern for those holding future or already booked…
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Top-Performing Sectors in Nairobi County: Services Lead the Way in Growth
Overview: Nairobi’s Service-Driven Economy Nairobi County has long stood as Kenya’s economic powerhouse, with a landscape dominated by the service sector. Recent insights from the County Competitiveness Index (CCI) reveal that services, particularly Financial and Insurance activities, account for a substantial share of the county’s top-performing sectors, underscoring the central role of the service economy…
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Nairobi County’s Top-Performing Sectors: A Service-Driven Economy on the Rise
Overview: Nairobi County’s service-led economy Nairobi County’s economy is increasingly defined by the service sector, a pattern that reflects Kigali-like urbanization dynamics in Africa’s largest financial hub. Recent analysis from the County Competitiveness Index (CCI) highlights that services dominate the business landscape, underscoring how demand from households, firms, and the public sector shapes growth trajectories.…
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Top-Performing Sectors in Nairobi County: Services and Finance Take the Lead
Overview: Nairobi’s Service-Led Economy Nairobi County stands out as Kenya’s economic powerhouse, with its prosperity increasingly driven by the service sector. Across the latest County Competitiveness Index (CCI), services—especially financial and insurance activities—reign supreme, accounting for 22.39% of the top-performing sectors. This dominance reflects a city that has evolved from processing rural exports to delivering…