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January/February 2015

Company Developments

 

New Insurope Network Member for Nigeria

Mansard Insurance plc has joined the Insurope Network as the Network Member for Nigeria. This will enable Insurope to provide pooling locally. Mansard Insurance plc is registered with the National Insurance Commission of Nigeria as a composite company. It offers life and non-life insurance products and services to individuals, corporations and institutions in Nigeria. Through its two subsidiaries, Mansard Investments Limited and Mansard Health Limited, it can also provide investment management and health maintenance solutions.

 

MTÜ Eesti Fondihaldurite Liit
Becomes a Member of PensionsEurope

MTÜ Eesti Fondihaldurite Liit – the Estonian Fund Managers Association (EFMA) – has become the latest pension association to join PensionsEurope, the leading voice of workplace pensions in Europe. This brings the number of national pension associations belonging to PensionsEurope to 24. EFMA joined as of 1 January 2015. EFMA members represent all the major financial groups that are active in Estonia and also the managers of all pension funds. The implementation of the voluntary pension fund system in 1998 marked the start of mandatory pension reform in Estonia. The mandatory funded pension scheme administered by private asset management companies was launched in 2002. Since then, more than 650,000 people have joined the second-pillar funded pension scheme.

 
 

Industrial Alliance Joins
Allianz Global Benefits Network

The Allianz Global Benefits Network and Industrial Alliance in Canada have signed a partnership agreement that took effect on 1 November. Through this collaboration, Industrial Alliance will be able to bring Allianz Global Benefits’ expertise on stand-alone and pooling business, together with captive fronting, to its clients. Industrial Alliance Group Insurance offers a wide range of traditional and specialized products, such as health and dental care, optical care, disability insurance and life assurance, all designed to meet the specific needs of each organization. It has six sales offices across the country and two administrative centres. Founded in 1892, Industrial Alliance Insurance and Financial Services operates throughout Canada and in the United States. Allianz Global Benefits is a member of the Allianz Group and provides employee benefit solutions for multinational corporations and international brokers at a global level. The solutions encompass the full range of corporate life, pension, health and asset management products and services via a global and local network of more than 100 Allianz subsidiaries and selected external insurance partners in over 80 countries. Headquartered in Stuttgart, Germany, it has access to a team of international experts based in regional Allianz offices in Austria, the UK, the USA, Poland and Singapore.

 

 

ADNIC Becomes the IGP Partner
for the United Arab Emirates

Abu Dhabi National Insurance Company (ADNIC) has become the new IGP Network Partner for the United Arab Emirates. Since 15 October employee benefit plans placed with ADNIC can be pooled in IGP. ADNIC is a leading multi-line insurance provider with a wide network of branches in addition to sales and service centres across the country, staffed by a dedicated team of over 400 insurance professionals. Founded in 1972, it is a publicly listed composite insurance provider headquartered in Abu Dhabi.