Brokers, NGO to challenge NAICOM’s policy in court

From left: Vice President, Nigerian Council of Registered Insurance Brokers, Barr Rotimi Edu; Divisional Head, Corporate Clients & Intermediaries, Ensure Insurance Plc, Mrs. Taiwo-Tella Ndukwe; Managing Director, Ensure Insurance, Mr. Sunkanmi Adekeye; President, NCRIB, Mr Shola Tinubu and Deputy President, Mrs Bola Onigbogi at the December Edition of NCRIB Members Evening held in Lagos recently. […]

Sovereign Trust Insurance surpasses 2018 target of N10.1bn GPI

*Holds strategy, budget session for 2019 Leave a comment and share Chuks Udo Okonta The quest for greater performance and sustainable profitability come 2019 formed the basis of the just concluded Management Retreat/Budget Session of one of the very proactive insurance companies in the country, Sovereign Trust Insurance Plc. The retreat session which was held […]

Insurance doyen, Elder Oniwinde’s son bags AIIN

From left: President, Chartered Insurance Institute of Nigeria, Eddie Efekoha presenting certificate to Adebayo Oniwinde at the event. Insurance elder statesman Elder (Dr) Adelani Kehinde Oniwinde is in a joyous mood as his second son Adebayo Oniwinde was among the 138 new inductees that were awarded Associateship by examination of the Chartered Insurance Institute of […]

Over 600 brokers, insurers bid NNPC multi-billion insurance business

Baru Leave a comment and share Chuks Udo Okonta The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru on Thursday said over 600 insurance brokers and underwriters participated in the bidding of the corporation’s 2018/2019 insurance business. Baru disclosed this at the 2018/2019 bid opening for Insurance Companies and Brokers for NNPC […]

NSIA Insurance appoints Sunny Uwagboi as executive director

Uwagboi Leave a comment and share Chuks Udo Okonta NSIA Insurance Limited has appointed Sunny Uwagboi as executive director, following the approval of the National Insurance Commission (NAICOM) Sunny, joined NSIA Insurance to head Marketing and Relationship Management in February 2018 and was appointed Executive Director in July 2018. Prior to his engagement with NSIA […]

Linkage Assurance wins Pearl’s insurance industry award

From left: Mr. Tony Saiki, Head, Oil & Gas; Mrs. Joyce Ojemudia, General Manager, Marketing; Mr. Daniel Braie, Ag. Managing Director /CEO, all of Linkage Assurance Plc, receiving Pearl Sectoral Leadership Award in Insurance Category from Adedapo Adekoje, president, Chartered Institute of Stock Brokers during the 2018 Pearl Nigeria Awards held in Lagos. Leave a […]

NAICOM restructures, creates 20 additional state branch offices

Leave a comment and share Chuks Udo Okonta The Governing Board of the National Insurance Commission (NAICOM) has approved the restructuring of the commission to accommodate new directorates and state branch offices across the country. A statement by the Head, Commissioner’ Directorate, Rasaaq ‘Salami, said under the new structure, three more directorates were created in […]

How inadequate information on premium bars Nigerians from insurance

Poor patronage of insurance to a large extent stems from poor public knowledge of premium charges on various classes of insurance products. Chuks Udo Okonta, in this report examines how premium cost specification can arouse public interest and boost sales of insurance products. Mr. John Okafor, not real name, left his warehouse on Friday, July […]

Shareholders threaten to seek compensation from NAICOM over cancelled TBMSC policy

Shareholders at an event Leave a comment and share Chuks Udo Okonta There is a new twist to the withdrawal and cancellation of the Tier Based Minimum Solvency Capital (TBMSC) policy, by the National Insurance Commission (NAICOM) as shareholders who went to court to challenge the policy have threatened to demand compensation before the case […]

NAICOM cancels TBMSC policy

Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has withdrawn and canceled the circular on Tier Based Minimum Solvency Capital (TBMSC) policy. A circular signed by the Director, Policy and Regulation, NAICOM, Pius Agboola, for Commissioner for Insurance, entitled:Withdrawal of Circular on Tier Based Solvency Capital Policy for Insurance Companies […]
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