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Cameroon: Insurers' association ASAC plans to capitalize on mandatory insurances to boost sectoral turnover

(Business in Cameroon) - In Cameroon, the new bureau of the insurers’ association ASAC intends to boost the turnover of this sector during its tenure. Indeed, in 2020, that turnover was XAF210 billion against XAF400 billion for a country like Côte d’Ivoire, which can be said to be at the same development level as Cameroon.
To bridge this huge gap, the new bureau headed by Thiery Kepeden plans to capitalize on mandatory insurances, through public authorities, we learned during the inauguration of the bureau in Douala on June 4, 2021. Indeed, in Cameroon, it is mandatory to subscribe to an all-construction risks insurance package for any construction project whose value is XAF100 million or higher. ....

Thiery Kepeden , Mp Nbsp ,

Insurers ask: Who pays when self-driving vehicles crash?

Self-driving technology could make cars safer and reduce manufacturers’ liability, which are motivating factors for research, although it’s unclear exactly how much safer. Insurers have billions of miles of data on human drivers but far less for autonomous fleets, experts say. Car vector created by rawpixel.com - www.freepik.com
The advent of self-driving cars is raising questions in the insurance sector about who should pay when the vehicles crash and how insurers will set equitable rates.
When cars can operate themselves, the central question will be whether accidents are the manufacturer’s responsibility and therefore covered by product liability insurance, or whether the fault would lie with the driver and be covered by personal auto insurance. ....

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Home treatment of covid-19 and insurance: 7 things to know

Home treatment of covid-19 and insurance: 7 things to know
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There is a difference between home care treatment and domiciliary treatment. Here are 7 common queries related to home treatment of coronavirus.
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Corona Kavach is a standard Covid-specifi c cover mandated by the insurance regulator, Irdai, and every insurer has to offer it.
Is there a difference between ‘homecare treatment (HT)’ and ‘domiciliary hospitalisation (DH)’?
While DH has been a part of most health plans for a long time now, it came with several exclusions, most importantly that of ‘upper respiratory tract infection’, which is what Covid essentially is. After Irdai’s mandate, insurers are including the specific requirements of Covid in their plans, and these are being referred to as HT. Both, however, refer to the medical treatment being offered at home. ....

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Empowering Customers: A Step In The Right Direction - Consumer Protection

The laws around consumer protection in the UAE are continuously evolving and on 25 November 2020, the UAE Central Bank issued the Circular No 8 of 2020. ....

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Welcome To IANS Live - BUSINESS - Can a vaccine insurance pool inoculate makers and sufferers?

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