NAICOM proposes N5m, N3m licensing fee for 2-tier insurance broking business

Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has proposed N5 million and N3 million licensing fees for insurance broking business in the country, as against the present fee of N2.5 million. The insurance regulator in a draft guideline for the regulation of insurance brokers in Nigeria, issued in June […]

Ilori, Apampa, implore underwriters to build trust

  From left: Lana Loyinmi, Head Contribution & Bond Redemption, National Pension Commission; Mr. George Onekhena, Deputy Commissioner, Finance and Administration, NAICOM; Mrs. Yetunde Ilori, Director General, Nigeria Insurers Association; Alhaji Bala Zakariya’u, past president, Chartered Insurance Institute of Nigeria and Chairman of occasion, and Mr Adebayo Adeleke, Managing Director, Lancelot Ventures Ltd, during the […]

Pension Reform Act has developed insurance sector – Takor

Takor   *Cautions insurers of having faces of Dove and Lion Leave a comment and share Chuks Udo Okonta Pension Reform Act 2014 has greatly developed the insurance industry, the Executive Director, Centre for Pension Rights Advocacy, Barrister Ivor Takor, has said. He disclosed this at the 3rd National Conference of the National Association of […]

Linkage Assurance gets NAICOM approval to underwrite agric insurance

Leave a comment and share Chuks Udo Okonta Linkage Assurance Plc has secured the approval of the National Insurance Commission (NAICOM) to underwrite agric insurance in the Nigerian underwriting industry. The ‘no objection’ nod will enable Linkage support the farmers and service providers in the agricultural value chain for greater sustainability and economic growth. Among […]

Investor proposes 10 years recapitalisation roadmap for insurance industry

From left: Past President, Chartered Insurance Institute of Nigeria (CIIN), Bala Zakariya’u; Chairman, National Association of Insurance snd Pension Correspondents, Mrd Omobola Tolu-Kusimo and Managing Director Lancelot Ventures Limited, Adebayo Adeleke at the event. Leave a comment and share Chuks Udo Okonta An investor has proposed a 10-year recapitalisation roadmap that would enable life insurance […]

Zakariya’u canvasses structural reform of financial services sector

From left: Past President, Chartered Insurance Institute of Nigeria (CIIN), Bala Zakariya’u;,Chairman, National Association of Insurance and Pension Correspondents, Omobola Tolu-Kusimo and Managing Director Lancelot Ventures Limited, Adebayo Adeleke at the event. Leave a comment and share Chuks Udo Okonta Past President, Chartered Insurance Institute of Nigeria (CIIN), Bala Zakariya’u, has called for the structural […]

Finance Minister charges Nigerians to embrace life insurance

Adeosun Leave a comment and share Chuks Udo Okonta The Minister of Finance, Mrs Kemi Adeosun, has said with the various economic developmental initiatives of the Federal Government and its agencies, Nigerians need to build up a solid financial plan for future through life insurance planning. Adeosun said this today at the 3rd National Conference […]

Mutual Benefits Assurance opens N2bn rights issues

Ogunbiyi Chuks Udo Okonta Mutual Benefits Assurance Plc has commenced the shopping of N2 billion through right issues to shore-up its capital, by offering ₦0.50 rights issue of 4 billion ordinary shares which was scheduled to be available between August 6, 2018 and September 14, 2018 on the basis of one new share for every […]

STACO insurance eyes tier 1 underwriting as board leads change process

Turoti Leave a comment and share Chuks Udo Okonta The Board of Directors STACO Insurance Plc, has assured the insuring public that the Company will continue to be a responsible and dependable corporate entity fully committed to protecting all stakeholders’ interests including meeting its obligations to all policy holders. A statement signed by the Chairman, […]

PenCom boss, Ogunbiyi, others to grace BusinessToday anniversary, awards

Leave a comment and share The Acting Director-General, National Pension Commission (PenCom), Mrs. Aisha Dahir-Umar and Chairman, Mutual Benefits Group, Dr. Akin Ogunbiyi will be amongst dignitaries to speak at the 5th edition of BusinessToday anniversary and awards. A statement by the Editor-In-Chief/Chief Executive Office, BusinessToday, Nkechi Naeche, said the award which is a yearly […]
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