NAICOM approves GOXI as a state composite microinsurance company

PRESS RELEASE In its drive to ensure insurance market development through enhanced access points for Insurance services in Nigeria. The National Insurance Commission (NAICOM) has granted approval to GOXI Microinsurance Company Limited to operate as a State Composite Microinsurance Company transacting Life and General Micro insurance Business in Lagos State only. This is one of […]

FBNInsurance donates to Down Syndrome Foundation and Heritage Homes

From left: Blessing Ebizie, Head, Internal Audit, FBNInsurance; Mrs. Elizabeth Agugoh, Head, Marketing and Corporate Communications, FBNInsurance; Lawrence Okon, Co-ordinator of Programmes , Down Syndrome Foundation Nigeria; Mrs. Adeola Ajala, Accountant, Down Syndrome Foundation Nigeria; Moruf Apampa, Executive Director, Business Development, FBNInsurance; Mrs. Jacqueline Agweh, Head, Claims, FBN General Insurance and Emeka Anazia, Head, Learning […]

AIICO Insurance celebrates Valentine with IDPs in Abuja

Leave a comment and share Chuks Udo Okonta AIICO Insurance Plc, Abuja office in the spirit of love, celebrated Valentine with the Internally Displaced Persons (IDPs) in Abuja Camp. The firm donated items to the IDP Support Booth Durumi, Garki 1, Abuja. A statement by the firm’s Head, Strategic Marketing & Communications, Atinuke Jose, said […]

Insurers pay over N483.56m motor accident claims to Dangote Group

Leave a comment and share Chuks Udo Okonta Insurance companies paid over N483.56 million motor accident claims to Dangote Group in 2017, Inspenonline has learnt. Data obtained from the Nigerian Insurers Association (NIA) revealed that the amount covers claims for accident and third party losses. According to the NIA, Cornerstone Insurance Plc made the largest […]

Life insurance: PenCom tasks employees to report defaulting employers

Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has urged employees to report employers who failed to provide them with life insurance policy for appropriate sanctions. PenCom stated this in a circular signed by its Acting Director-General, Mrs. Aisha Dahir-Umar, entitled, ‘Notice to all Employees on Their […]

Leadway Assurance implores Nigerians to buy term life assurance

Adegbayi (middle) with Insurance and Pension journalists at the event. The Executive Director, Leadway Assurance Company Limited, Adetola Adegbayi has charged Nigerians to subscribe to Term Life Assurance product, urging people to form the habit of using insurance to plan their future. Speaking at the Leadway Assurance Media Training for Insurance and Pension journalists, in […]

Insurers divide on profitability of multi-billion annuity business

Leave a comment and share Chuks Udo Okonta Life Insurance operators seemed divided on the profitability of annuity business as some considered it volatile, while others seek it as gold mine. Inspenonline gathered that those that considered the business to be volatile are gradually reducing their intake of annuitants, while those on the other side […]

NAICOM to open more state offices

Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) is working assiduously to open more state offices, to strengthen insurance operations in the states of the federation, Inspenonline can report. It was also gathered from a reliable source in the Commission, that officers to head the offices established last year, have […]

Court restrains NAICOM from halting Guinea Insurance business intake

Leave a comment and share Chuks Udo Okonta The Federal High Court sitting in Abuja has gave an order restraining the National Insurance Commission (NAICOM) from the purported suspension of Guinea Insurance Plc from writing new businesses. The court, in a ruling by Hon. Justice I. E. Ekwo granted an order in a suit that […]

NSIA insurance, others pay over N201.03m claims on bank fraud, robbery

Ebelechukwu Nwachukwu Leave a comment and share Chuks Udo Okonta Insurance companies paid over N201.03 million claims to banks for fraud and armed robbery attacks in 2017, Inspenonline has learnt. According to the Nigerian Insurers Association (NIA), NSIA Insurance Limited paid the largest single claim amounting to N67.48 million to Diamond Bank Plc, while Great […]
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