About five million vehicles have genuine insurance – NIA

From left: Controller, Information Technology, Research & Statistics, Nigerian Insurers Association, Mrs Bola Omole; Chairman, Eddie Efekoha and Director-General, Mrs Yetunde Ilori at the event. . To begin construction of multi-million secretariat Leave a comment and share Chuks Udo Okonta Vehicles with genuine insurance policies captured on the Nigeria Insurance Industry Database (NIID) are close […]

Guinea Insurance shareholders’ fund now N3.4 billion

Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has approved the 2017 audited financial statements of Guinea Insurance Plc, as its shareholders’ fund grew by 16 per cent from N2.9 billion in 2016 to N3.4 billion in 2017. A statement by the Team Lead, Corporate Communications of the firm, Ufot […]

FBNInsurance donates dialysis machine to Gbagada General Hospital

From Left: Chairperson, FBNInsurance, Adenrele Kehinde, commissioning the dialysis machine the company donated to Gbagada General Hospital as Managing Director/Chief Executive Officer, Val Ojumah and Member, Board of Directors, Caleb Yaro, both of FBNInsurance, look on. .supports pregnant women with an ultrasound scan machine Leave a comment and share Chuks Udo Okonta FBNInsurance Limited, in […]

FBN General Insurance grosses N3.51bn premium in 2017

Opadokun Leave a comment and share Chuks Udo Okonta FBN General Insurance said it recorded a gross premium of N3.51 billion in 2017. According to the firm, the account which has been approved by the National Insurance Commission (NAICOM) revealed a 60 per cent growth in premium, moving from N2.2 billion in 2016 to N3.51 […]

Universal Insurance appoints Paulinus Offorzor as ED-Technical Operations

Offorzor Leave a comment and share Chuks Udo Okonta Universal Insurance Plc has announced the appointment of Paulinus Offorzor as its Executive Director, Technical Operations following the confirmation by the National Insurance Commission (NAICOM). The appointment came on the backdrop of NAICOM’s directive that insurers should have an executive director in charge of technical operations […]

Life insurers retain negative reserves in three years

K Leave a comment and share Chuks Udo Okonta Life Insurance companies have retained negative reserves in three years running, Inspenonline can report. According to a report obtained from the Nigerian Insurers Association (NIA) the firms posted negative reserves between 2014 to 2016. The NIA revealed that the firms posted -N9.99 billion in 2014; -N12.12 […]

NAICOM donates N40m to insurance rebranding project

Commissioner for Insurance, Mohammed Kari Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) today contributed additional N20 million to the insurance industry rebranding project, which brings its contributions to N40 million. The insurance industry regulator had in February this year, contributed N20 million out of the N40 million pledged towards […]

UK car insurance premiums see biggest quarterly fall in four years-survey

The cost of a comprehensive motor insurance policy fell 7 percent in Britain in the first quarter, the largest quarterly reduction in premiums seen in four years, a survey said on Monday. The average premium for a comprehensive policy is now 768 pounds ($1,096.40), according to the latest index from price comparison site Confused.com, compiled […]

NSE fines African Alliance N46.1m for infractions

.Says firm is delinquent .Records N-21bn negative reserve Managing Director, African Alliance Insurance, Funmilayo Omo Leave a comment and share Chuks Udo Okonta The Nigerian Stock Exchange (NSE) has fined African Alliance Insurance Plc N46. 1 million monetary fines for breaking its rule on account submission. This was shown in a data sourced from X-Compliance […]

NIA past Director General Chiejina is dead

Late Chiejina Leave a comment and share Chuks Udo Okonta The former Director-General of the Nigerian Insurers Association (NIA) and lawyer, Ezekiel Chiejina, is dead. He died yesterday after a prolonged sickness. Chiejina, who launched a book last year, worked with Industrial And General Insurance Company Limited as Head of Life Insurance and Pensions operations […]
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