Insurance World

Non Payment of Subscription Fees: AIO Suspends Prestige Assurance, Standard Alliance, IGI, Seven Others

Prisca Soares, Secretary General, AIO




BY NKECHI NAECHE (ACCRA, GHANA)—–African Insurance Organization (AIO) has announced the suspension of Prestige Assurance Plc, Standard Alliance Plc and Industrial and General Insurance (IGI) for failure to pay subscription fees for more than three consecutive years.

The suspension was announced during AIO report  of the executive committee to the 45th annual general Assembly held in Accra, Ghana that other companies suspended from Nigeria are Cosmic Insurance brokers; National Cooperatives Insurance.

Companies suspended from Ghana are: Donewell insurance Company and Quality Insurance company while Jubilee Insurance from Tanzania was also suspended.

Angola’s A MUNDIAL Seguros S.A. was also suspended and Ethiopia’s Nib Insurance Company was not left out in the suspension.






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