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Nigeria
Sefton Fross
The apex regulator of the insurance sector, National Insurance Commission ("NAICOM") in 2019 issued directives for the increase in the minimum paid-up share capital requirement for all
Fred-Young & Evans
Since there are many uncertainties in life, insurance provides financial support and reduce the burden of uncertainties in business and human life.
LeLaw Barristers & Solicitors
Recent developments, such as: the rise of insurance aggregators, disruptive technologies such as internet of things (IoTs) in business, improvement in Nigeria's ranking in World Bank's...
LeLaw Barristers & Solicitors
The Nigerian insurance regulator, National Insurance Commission (NAICOM)'s resolve to deepen insurance penetration in 2018 was evidenced by the introduction of various policies...
LeLaw Barristers & Solicitors
The context for the above statement by Nigeria's insurance regulator was subsequent to the litigation instituted by aggrieved shareholders of some insurance companies to stop NAICOM's...
PwC Nigeria
Reserves for unexpired risks will now be determined on a time-apportionment basis. This means that tax-deduction will only be available for reserves relating to the relevant year.
Saudi Arabia
Clyde & Co
A 'warranty' is a well understood term in the context of insurance law. An insured that provides a warranty effectively promises to the insurer that certain facts are true or untrue and/ or undertakes that certain conditions shall be ...
South Africa
ENSafrica
South Africa has a sophisticated system of financial sector regulation known as the "Twin Peaks" system of regulation, similar to the Australian Twin Peaks model.
Tabacks
The Constitutional Court judgment attempts to resolve several questions regarding the constitutional approach to the judicial interpretation of contractual terms and, in particular, the public policy grounds upon which a court may refuse to enforce them.
Schoemanlaw Inc.
There has been enough said on the negative effects experienced in the commercial sector as a result of the Covid-19 National Lockdown
Schoemanlaw Inc.
Business interruption insurance is a type of insurance that replaces business income lost in a disaster.
ENSafrica
Watch the InsureTalk 2020 webinar where ENSafrica's insurance experts, Rob Scott and Matthew Morrison discuss pandemics, business interruption and the law.
United Arab Emirates
SCHLÜTER GRAF Legal Consultants
In our Legal Briefing dated May 4, 2020 we provided an overview of legal updates introduced by the Dubai Multi Commodities Center Authority ("DMCCA").
BSA Ahmad Bin Hezeem & Associates LLP
BSA Ahmad Bin Hezeem & Associates LLP ("BSA") are pleased to support the recent exciting merger of the United Arab Emirates Insurance Authority & Securities & Commodities...
STA Law Firm
An Insurance Broker is defined under Federal Law Number 6 of 2007 (in respect of the establishment of the Insurance Authority and Regulating the Insurance Practice)
BSA Ahmad Bin Hezeem & Associates LLP
Insurance distribution in the Middle East has taken traditional form over the years, either through insurance brokerages or on a direct basis and to a limited extent through banks and agents.
Clyde & Co
Limitation is a very important and often misunderstood area of law in the UAE, particularly how it applies to re/insurance contracts.
BSA Ahmad Bin Hezeem & Associates LLP
Circular No (17) of 2020 for the Cessation of Violating Practices dated 2 June 2020 (the "Circular") alerts insurance companies and third-party claims administrators (TPAs) of their respective legal...
Clyde & Co
The impact of COVID-19 will affect the regional GCC insurance industry, and accentuate the issues that already existed in the market prior to the onset of the pandemic.
Hassan Elhais
Owners of cars that were damaged after debris fell on them from Abbco Tower during a blaze that gutted the building should be entitled to compensation from their insurance companies.
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