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 […]

Lloyd’s of London insurers face claims bill of $4.5bn resulting from recent hurricanes as half-year profits slip

.Firm said it had already shelled out ‘significant amounts’ for hurricane losses .The group’s half-year pre-tax profits fell from £1.46bn to £1.22bn By Jane Denton Lloyd’s of London confirmed it had already paid out ‘significant amounts’ to cover claims following the recent hurricanes which hit Florida, Texas and the Caribbean. The aftermath of hurricanes Irma […]

NAIPCO insurance, pension confab berths Oct 25

Leave a comment and share Chuks Udo Okonta The National Association of Insurance and Pension Correspondents (NAIPCO) is set to hold its second edition of national conference to discuss burning issues in insurance and pension sectors, while proffering solutions to challenges facing the two industries. The conference, billed to hold on 25th of October, 2017, […]

Kenwiz and Gold Consult to organise training on risk management

Leave a comment and share Kenwiz and Gold Consult Nigeria, a training partner of Professional Evaluation and Certification Board Canada (PECB) is set to organise ISO 31000 Lead Risk Manager Training in Lagos, Nigeria. The ISO 31000 Lead Risk Manager training will enable participants to acquire the expertise to support and lead an organization and […]

Consolidated Hallmark Insurance to raise N500m capital

From Left : Chief Andrew Odigie, Vice Chairman, Consolidated Hallmark Insurance Plc; Eddie Efekoha, Managing Director; Obinna Ekezie, Chairman and Efe Akhigbe,Managing Director Planet Capital, the Issuing House @ the signing ceremony in Lagos. Leave a comment and share Chuks Udo Okonta Consolidated Hallmark Insurance Plc is set to raise N500 million from the capital […]

Kari eyes over N80bn gross written premium from insurers in 2017

Kari Leave a comment and share Chuks Udo Okonta The Commissioner for Insurance, Mohammed Kari, says there are indications that the insurance industry’s gross written premium for this year could climb over N400 billion as against the N320 billion recorded in 2016. He told NAIPCO Trumpet that there is improved performance in terms of premium […]

Conduct of some insurance professionals is appalling – Kari

Kari Leave a comment and share Chuks Udo Okonta The conduct of some of our professionals in the market is; to say the least; appalling, the Commissioner for Insurance, Mohammed Kari, has said. He disclosed this at a forum in Abeokuta, Ogun State, adding that stakeholders in the industry look forward to a day when […]

Sovereign Trust Insurance grows balance sheet to N9.5bn

Chairman , Sovereign Trust Insurance Plc, Mr. Oluseun O. Ajayi, MD/CEO, Olaotan Soyinka and Executive Director, Marketing and Business Development, Ugochi Odemelam at the 22nd Annual General Meeting of Sovereign Trust Insurance Plc held in Lagos. Leave a comment and share Chuks Udo Okonta Sovereign Trust Insurance Plc has grown its balance sheet to N9.5 […]

General business insurers face dwindling gross premium income

Leave a comment and share Chuks Udo Okonta Insurance companies underwriting general business are presently contending with dwindling Gross Premium Income (GPI), Inspen can report. According to a report obtained from the Nigerian Insurers Association (NIA), operators underwriting general business, wrote a gross premium income of N187.42 billion in 2013, it fell to N184.96 billion […]

NAICOM experiments RBS with 10 insurance companies

From left: Chairman, Nigerian Insurers Assocition and Deputy President, Chartered Insurance Institute of Nigeria, Eddie Efekoha; Commissioner for Insurance Mohammed Kari and Governor of Ogun State, Ibikunle Amosu at the event. Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) would soon begin the experimentation of the industry’s planned Risk-Based Supervision […]
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