Photo: NCRIB delegates at 3rd African Insurance Forum in Sandton, South Africa

From left: Chairman of the Lagos Area Committee of the Nigerian Council of Registered Insurance Brokers (NCRIB), Mr Segun Kafaru; President of NCRIB, Mr Kayode Okunoren; Dr Aguinado Jaime, Chairman of Angola Agency for Insurance Regulation and Supervision (ARSEG) and a member of the NCRIB Board, Mr Babatunde Oguntade during the 3rd African Insurance Forum, […]

Surat: Man burns 4 pigs, says daughters died in fire, claims insurance

Surat: Police on Thursday arrested a man who allegedly purchased insurance policies in the name of four daughters who did not exist, and produced bogus death certificates to claim the money after staging their ‘deaths’. Ramesh Patel, a vegetable vendor, concocted evidence that his ‘daughters’ were charred to death in a fire at his house […]

Contestants President CIIN, Lady Isioma Chukwuma and husband dancing at the event. From left: DG CIIN, Olutayo Borokini and DDG Mrs Uju Ndubisi- Chukwu dancing at the event. From left: Deputy a President CIIN, Mrs Mrs. Funmi Babington-Ashaye, outgoing Miss Insurance,Adaeze Okeke and former Managing Director, Sovereign Trust Insurance Wale Onaolapo at the event.

Court to rule on disengaged NAICOM workers suit March 22

The National Industrial Court, Abuja, has fixed March 22 for ruling in a case of alleged unpaid pension instituted by Aliyu Sani and 18 others against the National Insurance Commission (NAICOM). The Presiding Judge, Justice Edith Agbakoba, fixed the date after listening to the submissions of parties in the suit. The court will rule on […]

Mushosho to head Old Mutual Africa business

Jonas Mushosho Business Reporter Old Mutual Emerging Markets has appointed Jonas Mushosho to the position of chief executive for their Rest of Africa business. The appointment is with immediate effect. Old Mutual Rest of Africa includes all countries in Africa, except South Africa. The 13 countries falling under this banner are Zimbabwe, Malawi, Swaziland, Botswana, […]

Most states with largest insurance gains under Obamacare voted for Trump

Updated by Sarah Kliffsarah@vox.com New Gallup data shows that some of the places that benefited most from the Affordable Care Act were also those that supported the candidate who ran on a campaign of repealing and replacing it. The three states with the biggest declines in uninsured rates — Kentucky, Arkansas, and West Virginia — […]

Few claim insurance money offered by ATM cards

PATNA: At least 2.67 crore debit, or ATM, cards of the State Bank of India (SBI) have been issued to people in Bihar having accounts with its 960-odd branches in the state. Few, if any, debit card holders ever claim the insurance benefit that comes with every debit card free of cost. According to sources, […]

South Africa’s Rand Merchant Acquires 30% of UK Motor Insurer Hastings

By Vidya L. Nathan and Carolyn Cohn South Africa’s Rand Merchant Investment Holdings ramped up its presence in the British insurance market on Wednesday with the purchase of a 30 percent stake in Hastings, driving the UK firm’s shares to 2-1/2 month highs. Hastings, which listed just over a year ago, has made headway in […]

Dr. (Mrs) Bola Onigbogi now chairman CIIN Abuja chapter

President of the Chartered Insurance Institute of Nigeria, Lady Isioma Chukwuma, (right); exchanging pleasantries with the newly elected Chairman of the CIIN, Abuja Chapter, Dr. (Mrs) Bola Onigbogi during the AGM of the CIIN in Abuja.

NAICOM, CBN lock horns over bancassurance

The National Insurance Commission (NAICOM) and the Central Bank of Nigeria (CBN) are locked in a serious dispute over the right model for the implementation of bancassurance in Nigeria, BusinessDay can reveal. Following this dispute, NAICOM has suspended indefinitely, all bancassurance partnership deals among insurance firms and the banks, pending when the two parties agree […]
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