How poor customer relations erode insurance income

Leave a comment and share Chuks Udo Okonta Christmas and New year celebrations afforded individuals and corporate entities opportunities to express good wishes to people who impacted their lives and business. For corporate entities, it was a time to reassure loyal customers of better relationship in the new year. Aside, the presentations of hampers and […]

NAICOM seeks David’s stone to tackle insurers’ capital issues

Leave a comment and share Chuks Udo Okonta Just like the biblical King David, who used the right stone to knock-down Goliath the enemy of the Israelites, the National Insurance Commission (NAICOM) seemed to be searching for the right tool in its its kitty to address the issue of low capital in the insurance industry, […]

How insurers lose 300% growth to TBMSC cancellation – Experts

With the cancellation of the Tier Based Minimum Solvency Capital(TBMSC) framework by the National Insurance Commission(NAICOM) late in 2018, the capital base of the industry remains the same, meaning that, Non-Life Insurance Firms are to continue to operate with a minimum of N3 billion capitalisation ; Life Insurance Operators to maintain N2 billion and Composite […]

NAICOM snores as insurance crawls

href=”http://inspenonline.com/wp-content/uploads/2018/12/image-41.jpg”> By Omobola Tolu-Kusimo There have been policy somersaults by the Federal Government through the National Insurance Commission (NAICOM) within the year. While some experts say the commission is a toothless bulldog, others think it is confused. But why has the commission not been able to implement policies that can change the dynamics of the […]

Inspenonline wishes you Happy New Year 2019

The management of Inspenonline wishes Happy New Year to the board, management and staff of the National Pension Commission; National Insurance Commission; Nigerian Insurers Association; Chartered Insurance Institute of Nigeria; Nigerian Council of Registered Insurance Brokers; Pension Fund Operators Association of Nigeria; Association of Registered Insurance Agents; Loss adjuster Association of Nigeria; Guild of Marine […]

Everybody needs insurance – NSIA MD

Mrs Nwachukwu Leave a comment and share Chuks Udo Okonta Everybody needs insurance to have a secured future, the Managing Director, NSIA Insurance Limited, Mrs Ebelechukwu Nwachukwu, has said. She stated this recently at a forum in Lagos, adding that insurance should be a compelling message to Nigerians, and that to the average or even […]

Why insurance N1tn premium target failed – NAICOM

From left: President, Chartered Insurance Institute of Nigeria, Eddie Efekoha; Chairman, Nigerian Insurers Association, Tope Smart and Deputy Commissioner for Insurance, Technical, Sunday Thomas at an event in Lagos. Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has said the industry’s N1 trillion premium income failed because insurance operators failed […]

TBMSC: NAICOM lashes insurers for hiding under shareholders

Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has lashed some underwriters for hiding under their shareholders to work against the aborted Tier Based Minimum Solvency Capital (TBMSC) policy. The Commissioner for Insurance Mohammed Kari, who expressed this recently, at a forum with members of the Nigerian Council of Registered […]

Insurers with N3bn capital base to lose high ticket business

Leave a comment and share Chuks Udo Okonta In spite the cancellation of the Tier Based Minimum Solvency Capital (TBMSC), most insurance companies will still lose businesses they used to underwrite as policyholders seemed poised to transfer their risks to underwriting firms with requisite capital base. The President, Chartered Insurance Institute of Nigeria (CIIN) and […]

NCRIB lauds NAICOM over SIP withdrawal, cancellation

Leave a commend and share Chuks Udo Okonta The President of the Nigerian Council of Registered Insurance Brokers (NCRIB), Shola Tinubu, has appreciated the Commissioner for Insurance, Alhaji Mohammed Kari and his team for consideration of NCRIB plea to withdraw the guideline on State Insurance Producer (SIP),describing the Commission as a listening regulatory body who […]
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