Bello Retail Insurance Family Association of Nigeria (RIFAN) has expressed its determination to tackle hydra challenges of fake insurance policies and non payment of claims that are closing the grow and practice of underwriting business in the country. The Chairman of RIFAN, Chief Akin Bello, stated this at a stakeholders […]
Insurance
IICC sustains push on enforcement of compulsory insurances
From left: Chapter Chairman Chartered Insurance Institute of Nigeria, Enugu Chapter, Mr Emmanuel Onu, Executive Secretary Enugu State for Universal Health Coverage, Dr. Edith Okolo; Deputy President Chartered Insurance Institute of Nigeria, Sir Muftau Oyegunle, Permanent Secretary, Office of the Secretary to the Enugu State Government, Mrs. Josephine Onyia; Past […]
Nigeria Police seek waver on No Premium No Cover for security agencies
Leave a comment and share Chuks Udo Okonta Following Federal Government’s inability to promptly payment insurance premium for group life of officers of security agencies, the Nigeria Police have called on the National Insurance Commission (NAICOM) to grant waver to the agencies to enable them provide cover for their workforce. […]
NAICOM to rank insurance firms based on quality of service
Leave a comment and share Chuks Udo Okonta Henceforth, insurance companies will be assessed and ranked on the quality of their service delivery to customers and the ranking of companies in this regard will be made public to provoke healthy competition among insurers, the National Insurance Commission (NAICOM) has said. […]
Linkage Assurance grows PAT by over 600% in Q3
Braie Leave a comment and share Chuks Udo okonta Linkage Assurance Plc at the end of third quarter ended 30th September 2019 recorded a significant growth in Profit After Tax (PAT) by 601.5 per cent, growing from N84.385 in the same period in 2018 to N591.914 million. The Profit Before […]
Universal Insurance’s fortunes rebounds, grosses N1.541bn PI in Q3 2019
Ujoatuonu Leave a comment and share Chuks Udo Okonta Fortunes of the Universal Insurance Plc has experienced a significant improvement in the Third Quarter of the year 2019 as against analysts speculation that the company would not be able to turn around its fortunes based on the half year results […]
Six insurance firms eye merger, as NAICOM unveils post recapitalisation commitments
Leave a comment and share Chuks Udo Okonta About six companies have indicated interest in merger/acquisition, the National Insurance Commission (NAICOM) has said. The Director, Policy & Regulation Directorate, NAICOM, Pius Agboola, who is also Chairman, Insurance industry Recapitalisation Committee, said this at the interactive session with shareholders association of […]
Almond Productions to thrill insurance consumers
Ughwode Leave a comment and share Almond Productions Limited, promoters of the annual Insurance Consumers’ Forum ( ICF) is set to host the event once again this year in Lagos. The Insurance Consumers’ Forum (ICF) which started in 2013 provides a robust platform for interaction between insurance practitioners and the […]
CHI renews N24m group accident insurance cover for journalists
Efekoha Leave a comment and share Consolidated Hallmark Insurance Plc has renewed its Group Personal Accident Insurance cover worth N24 million for insurance journalists in the country. This, according to the company, was part of its Corporate Social Responsibility (CSR) project, to ensure that journalists who are mostly exposed to […]
Recapitalisation: NAICOM to refund investors of failed insurance firms
Executives of National Insurance Commission with shareholders at the event. *Clears 44 firms to proceed with recapitalisation plans Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has said funds raised from investors in the ongoing recapitalisation would be refunded if the companies failed to recapitalised. […]
