In a landmark move for Nigeria's financial landscape, a transformative piece of legislation has recently been signed into law by President Bola Tinubu, promising to reshape the insurance sector in profound ways. Enacted on August 5, this new legal framework introduces sweeping reforms aimed at
Imagine a world where insurance companies lose billions of dollars each year to cunning fraudsters who exploit every loophole with sophisticated schemes, leaving honest policyholders to bear the burden of higher premiums. This is not a distant scenario but a stark reality, with the FBI estimating
Navigating the complex world of short-term, limited-duration insurance (STLDI) in the U.S. healthcare system feels like trying to build a house on shifting sand, with regulations changing at both federal and state levels almost as quickly as insurers and investors can adapt. These plans, designed
Unveiling the Urgency: Why Climate Resilience Matters Now Imagine a major corporation facing a sudden halt in operations due to an unprecedented flood that devastates its primary manufacturing hub, costing millions in damages and lost revenue. Such scenarios are no longer mere hypotheticals but
In the ever-shifting landscape of professional services, the miscellaneous professional liability (MPL) insurance market stands as a critical safeguard for a diverse array of occupations, protecting against claims of errors, omissions, or negligence that can lead to significant financial loss. This
What happens to leadership when the world crumbles under the weight of war? In Ukraine, since the full-scale invasion by Russia in 2022, business leaders have faced unimaginable trials, forced to rethink every rule in the playbook. Among them, Mykhailo Hrabovskyi, a regional director at ARSENAL
The renewable energy sector faces a pivotal moment as climate change intensifies, posing severe financial risks to projects like wind farms and solar installations that are crucial for a sustainable future. With weather-related disruptions becoming alarmingly frequent—think unpredictable wind
In a landscape where technology reshapes industries at an unprecedented pace, Nigeria’s insurance sector stands at a critical juncture, grappling with the challenge of meeting the needs of a dynamic and youthful population with a median age of just 18. The Nigerian Insurers Association (NIA) has
I'm thrilled to sit down with Simon Glairy, a renowned expert in insurance and Insurtech, whose deep knowledge of risk management and AI-driven risk assessment has made him a leading voice in navigating the complexities of emerging technologies in the insurance landscape. In this interview, we
Setting the Stage: A Growing Threat in the Corporate Sphere Imagine a bustling retail center in a small UK town suddenly disrupted by an unforeseen act of violence, not by a coordinated terrorist group, but by a lone individual wielding a common household item as a weapon. Such incidents, once
