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Nigeria: Apathy Grows As 86.6 Million Nigerians Are Without Insurance
Long before Nigeria was finally plunged into recession last year, it has been pretty challenging to get Nigerians to appreciate the benefits inherent in insurance products, with the sector contributing a meager 0.6 per cent to the nation's Gross Domestic Product (GDP).
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- Uncategorized
- Region
- Sub-Saharan Africa
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OPIC Announces $3.7 Billion in New Commitments for FY2016
The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today announced $3.7 billion in financing and insurance commitments during Fiscal Year 2016 to support economic development in emerging markets. OPIC’s portfolio reached a record-setting $21.5 billion across 100 developing countries and the Agency marked the 39th year of achieving its mission at no net cost to taxpayers.
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- Uncategorized
- Region
- North America
- Tags
- insurance
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Vodacom finds healthy market for funeral insurance in South Africa
Vodacom has launched a new funeral insurance product following the successful launch of its insurance business more than four years ago.
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- Technology
- Region
- Sub-Saharan Africa
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Zimbabwe to formalize microinsurance firms
ZIMBABWE is working on a framework to regulate and formalise operations of microinsurance firms targeting low income earners, the Insurance and Pensions Commission said. Microinsurance has been identified as a critical instrument for delivering effective and efficient insurance services and products as well as promoting financial inclusion.
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- Uncategorized
- Region
- Sub-Saharan Africa
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A proposal to build public health capacity in developing nations
In 2005, the World Health Assembly adopted a revised version of its International Health Regulations, a legally binding treaty among 196 nations to boost global health security and strengthen the world’s capacity to confront serious disease threats such as Ebola and SARS. A decade later, just one-third of countries have the ability to respond to a public health emergency. That’s why Rebecca Katz thinks it’s time to get creative.
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- Health Care
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AIG to Sell Crowdfunding Insurance, Looking to Make Money Off Investors’ Worries
American International Group is giving crowdfunding a try. Not to raise money for startups, but to profit off investors’ concerns about being ripped off as they invest in small businesses through this new type of funding.
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- Investing
- Region
- North America
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Africa Accounts for Only 1.4% of World Insurance Premium
The African Insurance Organisation, AIO, has decried the low level of insurance penetration in Africa, saying that the continent can boast of only about 1.4 per cent of total world premium. President of AIO, Mrs. Lamia Ben Mahmoud who made the assertion at the 43rd Conference and Annual General Assembly of the AIO in Marrakech, Morocco last week noted that there is clear predominance of developed countries on the insurance market.
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- Uncategorized
- Region
- Sub-Saharan Africa
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NexThought Monday: Our inaugural podcast – a conversation with the MasterCard Foundation’s Ann Miles
In April, the MasterCard Foundation Fund for Rural Prosperity awarded over $10 million to five innovative companies working to increase financial access in rural Africa. In NextBillion's inaugural podcast, we spoke to Ann Miles, Director of Financial Inclusion & Youth Livelihoods at the MasterCard Foundation, about the competition's winners and the broader digital financial inclusion space in Africa.
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- Agriculture, Technology