U.S. cyber insurance premiums doubled in four-year span, overall market tops $2bn

Direct premiums written in the U.S. cyber insurance market have more than doubled over a four-year span, to $2.0 billion in 2018 from $996 million in 2015, as insurers have increased their writings and expanded product offerings to meet an ever-growing demand, according to a new AM Best special report. In the new Best’s Market […]

Linkage Assurance eyes profitability, operational efficiency for increased shareholder value

* Pays N2.7 billion claims Leave a comment and share From left: Daniel Braie, Managing Director; Chief Joshua Fumudoh, Chairman; Moses Omorogbe, Company Secretary and Bernard Griesel, Non-Executive Director, all of Linkage Assurance Plc during the 25th Annual General Meeting of the company in Lagos. Linkage Assurance Plc says it will take advantage of opportunities […]

Photos: AIICO sponsors NCRIB 2019 CEO’s retreat

From left to right: Fatai Adegbenro, Executive Secretary, NCRIB; Solanke Ogunlana, Executive Director, Scib Nigeria & Co. Limited; Adewale Kadri, Executive Director, AIICO Insurance Plc.; Oba Omosanya Akinyemi, Ebi of Idena, Rotimi Edu, Vice President, NCRIB;Barr. Laide Osijo, Past President, NCRIB;Shola Tinubu, President, NCRIB; Dr. Babatunde Fowler, Executive Chairman, Federal Inland Revenue Service (FIRS); Mrs. […]

Insurance operators to brainstorm on impact of digital disruption, innovation at IICC confab

Leave a comment and share Chuks Udo Okonta The impact of digital disruption and innovation on the insurance industry and business will be the central focus at the 2019 National Insurance Conference, holding from Sunday June 30-July 2, 2019 in Transcorp Hotel, Abuja. According to a release signed by the Chairman of the National Insurance […]

NAICOM weighs effects on withdrawing operating licences of weak insurance firms

Kari Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) seems to be between a rock and a hard place has it weighs the consequence of withdrawing the operating licences of some insurance companies that are almost insolvent, unable to settle claims and meet other financial responsibilities. A source in the […]

Our role is to make farmers happy, comfortable – NAIC boss

Mrs. Joseph (2nd left) with delegates from NAIC at the event. Leave a comment and share Chuks Udo Okonta Agricultural insurance is to complement the efforts of the Federal Government on financial inclusion thereby making farmers happy and comfortable, the Managing Director/Chief Executive Officer, Nigerian Agricultural Insurance Corporation (NAIC), Mrs. Folashade Joseph, has said, Joseph, […]

PenCom holds pre-retirement workshop for retirees

Acting Director-General, PenCom, Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has concluded plans to hold the 2019 pre-retirement workshops for staff of Ministries, Departments and Agencies (MDAs) who are due to retire between January and December 2020. A statement by its Head Corporate Communications, Peter Aghahowa, […]

Encounters with late CIIN DDG Ndubuisi-Chukwu at AIO conference in Johannesburg

Late Mrs. Chukwu at the AIO conference in Johannesburg Leave a comment and share Chuks is do Okonta Chuks, I have seen photographs of delegates published on your portal and none of them showed my face. This was how the late Deputy Director-General of Chartered Insurance Institute of Nigeria (CIIN), Mrs Uju Ndubuisi-Chukwu, got this Journalist […]

Afreximbank wins African Bank of the year award

Leave a comment and share Chuks Udo Okonta Afreximbank Executive Vice President Amr Kamel (right) with Jules Ngankam, Group Deputy CEO & CFO, African Guarantee Fund, after receiving the Award plaque. Malabo, 12 June 2019: – The African Export-Import Bank (Afreximbank) yesterday in Malabo received the award for the African Bank of the Year at […]

Recapitalisation ‘ll empower local insurers to retain huge risks – Kari

From left: Divisional Executive for Investigations and Enforcement, Financial Sector Conduct Authority South Africa and Commissioner for Insurance, Mohammed Kari at the event. Leave a comment and share Chuks Udo Okonta The Commissioner for Insurance, Mohammed Kari, has said, the ongoing recapitalisation will allow insurance companies in the country to retain huge risks which are […]
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