Insurance Companies

Insurance Companies Urged To Embrace Technology
16 May

Insurance Companies Urged To Embrace Technology

wontumionlineBusiness,
The Head of Group Business at StarLife Assurance, Dzifa Fiati, has urged insurers to take advantage of the growing trend in technology to remain relevant and to meet market demands. According to her, this is crucial in the quest to boost insurance coverage or penetration in the country. She is confident that leveraging technology will enable the insurance industry to withstand growing competition in the financial sector and position it to meaningfully contribute to the country’s GDP. Fiati made the call at the third edition of The Money Summit (TMS) organised by B&FT under the theme ‘Africa’s robust financial sector:…
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Banks, Insurance Companies Lay Off Workers In Anticipation Of A Difficult Year
05 Jan

Banks, Insurance Companies Lay Off Workers In Anticipation Of A Difficult Year

wontumionlineBusiness,
3Business can exclusively report that some banks and insurance companies have begun laying-off workers in anticipation of a difficult year for the financial services sector. Two local banks informed some staff they will either be outsourced or laid off, according to a letter seen by 3Business. Checks also revealed a lot of banks have served notice to staff about an impending job cut as the boards look to prune the workforce. The downsizing is on the back of the domestic debt exchange programme which will severely hit banks, insurance and asset management companies as they hold significant portions of government securities.…
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