FIRS suspends controversial insurance tax law

From left: Partner & Head,Tax,Regulatory & People Services, Wole Obayomi; President, Chartered Insurance Institute of Nigeria, Mrs Funmi Babington-Ashaye, former President, Ogala Osaka and Deputy Director, Office of the Executive Chairman, (FIRS) Abolade Kehinde at the event. Leave a comment and share Chuks Udo Okonta The Federal Inland Revenue Service (FIRS) has technically suspended the […]

Breaking: NAICOM takes over management of UNIC Insurance

Leave a comment and share Chuks Udo Okonta .Sets up 4-man interim board to pilot affairs The National Insurance Commission (NAICOM) has taken over the management of UNIC Insurance Plc, one of the ailing firms and set up a 4-man interim board to pilot the affairs of the company for the next six months. According […]

Adeosun to inaugurate NAICOM’s Governing Board today

Leave a comment and share Chuks Udo Okonta The Minister of Finance, Mrs. Kemi Adeosun, will today inaugurate the Governing Board of the National Insurance Commission (NAICOM). The Governing Board is the highest decision making body of the regulator of insurance industry, which has the mandate of setting standards for the conduct of insurance business […]

Babajide Olatunde-Agbeja: Celebrating a clairvoyant insurance professional at 60

Olatunde-Agbeja In the words of Henry David Thoreau “If one advances confidently in the direction of his dreams and endeavours to live the life he has imagined, he will meet with a success unexpected in common hours”. With this wise saying the life and odysseys of one of the most inspiring Insurance Professionals in Nigeria, […]

CIIN pushes for recognition of insurance professionals in public service

From left: President, Chartered Insurance Institute of Nigeria, Mrs Funmi Babington-Ashaye and Head of Service of the Federation, Mrs Winifred Ekanem Ita-Oyo, during a courtesy visit to the Head of Service in Abuja. . Lauds Kari’s sterling leadership qualities Leave a comment and share Chuks Udo Okonta The Chartered Insurance Institute of Nigeria (CIIN) has […]

Insurers pay over N517.57m claims on banks’ fraud

Leave a comment and share Chuks Udo Okonta Insurance companies paid over N517.57 million as claims to banks for fraudulent activities in 2016, even as available data, put banks fraud and forgeries at over N5.52 billion. According a report obtained from the Nigerian Insurers Association (NIA), UnityKapital Assurance Plc, paid the largest single fraud claims […]

NSIA Insurance appoints Ebelechukwu Nwachukwu Managing Director

Nwachukwu Leave a comment and share Chuks Udo Okonta NSIA Insurance Company Limited, has appointed Mrs Ebelechukwu Nwachukwu as its Managing Director/Chief Executive Officer. Nwachukwu, who has since resumed, is expected to bring her wealth of experience on board in driving the affairs of the company, which according to data obtained from the Nigerian Insurers […]

Irukwu backs seminar for insurance lawyers

Irukwu Respected insurance industry icon, Prof. Joe Irukwu, has thrown his weight behind the forthcoming Insurance Lawyers’ seminar being organised this month in Abeokuta by Adegboyega Adepegba and Co. In a statement made available to New Telegraph, the veteran insurance practitioner and Senior Advocate of Nigeria (SAN), recalled that Insurance Law as a discipline had […]

Crave for benefits annuity soars

Leave a comment and share Chuks Udo Okonta The demand for benefits annuity has in recent times soars, a report by the National Pension Commission (PenCom) has revealed. According to the pension regulator, 5,243 retirees subscribed to benefits annuity in the third quarter of 2017 as against 2,181 in the same quarter 2016 PenCom in […]

Insurers pay over N312.85m claims on deceased police officers

Leave a comment and share Chuks Udo Okonta Life insurance operators paid over N312.85 million group life claims to the Nigerian Police on deceased officers in 2016, Inspenonline can report. This was disclosed in the 2016 Nigeria Insurance Digest, published by the Nigerian Insurers Association (NIA). According to the NIA, ARM Life paid the largest […]
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