Voided Life Insurance policy causes public outcry in South Africa The public media in South Africa has exploded with fury and emotion this month when a Life Insurance Company voided a policy and declined a claim on the basis of a non-disclosure of a material fact when the Insured took out the policy. This fact […]
World Bank considers suspending funding to Tanzania over changes in the Statistics Law
Klapton’s RUC* Committee reviewed the global lending institution statement that the law would undermine the production of useful and high quality data. The Tanzania lawmakers passed amendments to the Statistics Act that would impose fines, at least three years jail time, or both, on anyone who questioned the accuracy of official figures. Tanzania attorney general […]
The value of Alternative dispute resolution with large claims
Any senior claims officer working for an insurance company will know that when a large claim is not dealt with the way the client or broker would like, immediate complaints are registered and if a reduced offer, delayed settlement or especially when a rejection of the claim occurs, immediate threats of litigation or a dispute […]
Mike Lawson appointed as Chairman of the Audit, Finance and Investment Committee
The Board of Klapton has announced that Mike Lawson has been appointed as the Chairman of the Audit, Finance and Investment Committee (“AFI”). Mike is an investment banker and qualified accountant, with over 20 years of experience in Financial Services. He has spent over 15 years at Lloyds Bank Group plc in a variety of […]
Introducing: Quest Partnership – Klapton’s Global Claims Manager
Klapton’s trusted claims expert for over 5 years Peter Mann is the sole owner of The Quest Partnership which was founded in 1991. Like many good and trustworthy businesses, Peter has been at the helm ever since and Quest have handled over 66,000 assignments during that time. Their specialization is legal liability evaluation combining a […]
Klapton approves 2017 Financial Statements
Rob Bygrave, the CFO of Klapton announced that the 2017 Financial Statements had been approved by the Board, following completion of the audit by SECC, a leading West African audit firm, with significant experience in auditing financial sector companies. Mr Bygrave further commented that the results showed a significant improvement on 2016, particularly with a […]
Klapton receives Investment Grade rating from Bloomfield Investment Corporation credit rating agency
Rob Bygrave, the CFO of Klapton is pleased to announce that the Company has just been awarded an A1- (Investment grade) short term credit rating and a BBB+ (Investment grade) long term credit rating by Bloomfield Investment Corporation. This rating will enable Klapton to significantly develop its business in the WAEMU region, there is already […]
Klapton appoint Sir Bernard Zissman as Chairman of the Board
The Board of Directors of Klapton would like to announce the appointment of Sir Bernard Zissman as the new Chairman. Sir Bernard Joined the Board as Non-Executive Director in April of 2018 and brings to the role a wealth of experience as he serves and has served as chairman to a number of other successful […]
The Value of a Broker in an Insurance Transaction
A good broker can be crucial to a business getting the right cover In many of the developed countries, specifically in Personal Lines insurance, many policyholders are choosing to do Insurance direct with Insurance Companies rather than use the services of an intermediary or a broker. Direct Insurers have grown substantially over the last decade […]
Klapton supports Rainbows 4 Children
Rob Bygrave, the CFO of Klapton is pleased to announce that Klapton has donated a significant amount of IT and office equipment to the Rainbows 4 Children charity where it will be used by school children in Ethiopia. He added that it was important to the corporate social and environmental policy and responsibility of Klapton […]