NAICOM moves to control insurers huge mgt expenses

Kari Leave a comment and share Chuks Udo Okonta The National insurance Commission (NAICOM) in line with one of its 2017 regulatory priorities, which is to regulate the management expenses of insurance companies, has put a limited on the spending of some firms. The Commissioner for Insurance, Mohammed Kari, told Inspenonline that from the observation […]

Recapitalisation: 5 Insurance Companies To Raise N20bn

By ZAKA KHALIQ, Lagos – Five of the listed insurance companies on the floor of Nigerian Stock Exchange (NSE) are making frantic move to raise N20 billion from new and existing shareholders, LEADERSHIP investigations have revealed. This, it was learnt, is in a bid to recapitalise and become stronger to play active roles in insurance […]

Anchor Insurance pays N3.6k dividends

Managing Director/CEO, Anchor Insurance Limited, Adeduro Mayowa; Chairman, Dr. Elijah Akpan and Company’s Secretary/Legal Adviser, Barr. Ime Umoh at the event. Leave a comment and share Chuks Udo Okonta Anchor Insurance Company Limited which held its 27th Annual General Meeting (AGM) recently at the Le Meridian Ibom Hotel and Golf Resort in Uyo, Akwa Ibom […]

Insurers backtrack after failed attempt to secure N50m rebranding support from NAICOM

Leave a comment and share Chuks Udo Okonta Insurance operators have gone back to the drawing table to brainstorm how to raise parts of the N250 million required to propel the industry’s planned rebranding project after they were unable to convinced the National Insurance Commission (NAICOM) on why it should contribute N50 million (20 per […]

Trump to end key Obamacare subsidies; insurers likely to flee

In a brash move likely to roil insurance markets, President Donald Trump will “immediately” halt payments to insurers under the Obama-era health care law he has been trying to unravel for months. Before sunrise Friday morning, Trump went on Twitter to urge Democrats to make a deal: “The Democrats ObamaCare is imploding,” he wrote. “Massive […]

NAICOM, PenCom, Lagos State endorse NAIPCO confab

.As Dele Fajemirokun chairs occasion Leave a comment and share The National Insurance Commission (NAICOM), National Pension Commission (PenCom) and Lagos State Government have endorsed the upcoming 2017 Conference of the National Association of Insurance and Pension Correspondents(NAIPCO). The conference is billed to hold on 25th of October, 2017, at Oriental Hotel, Victoria Island, Lagos. […]

NAICOM plans stringent rule for brokers licence renewal

Leave a comment and share Chuks Udo Okonta Barring any change, Insurance brokers with 50 per cent of total income from a client would be denied renewal of their operating licences. Inspen authoritatively gathered that the National Insurance Commission (NAICOM) is planning to evolve a guideline which is in line with the insurance market development […]

NAICOM to priorities premium rating in 2018

Commissioner for Insurance Mohammed Kari (6th right); President, National Association of Insurance and Pension Correspondents, Mrs. Omobola Tolu-Kusimo and other participants at the event. Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) said it will channel its energy on instituting appropriate premium rate for the insurance industry in 2018, Inspen […]

NAICOM seeks partnership with Kaduna State on compulsory insurances

From left: Director, Administration and Human Resources Directorate, National Insurance Commission, Alhaji Adamu Balanti; Commissioner for Insurance, Mohammed Kari and Deputy Commissioner, Technical, Sunday Thomas at the event. Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) is soliciting partnership with Kaduna State government on implementation of compulsory insurances. The Commissioner […]

Digital transformation key to insurance industry survival – Babalola

From left: Segun Aina, Banker and Technology expert; Funmi Babington-Ashaye, president, Chartered Insurance Institute of Nigeria(CIIN); Remi Babalola, chairman, Law Union and Rock Plc; Isioma Chukwuma, past president, CIIN; and Wale Tinubu, managing director/CEO, SCIB Insurance Brokers during the Quarterly Breakfast Meeting of the CIIN held in Lagos. Leave a comment and share Chuks Udo […]
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