Kindly leave a comment and share Chuks Udo Okonta The Nigeria Police said its attention has been drawn to misinformation and misleading comments credited to some social media influencers and activists antagonising the police on the issuance and enforcement of the 3rd party insurance policy, where the NPF has been […]
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Regency Alliance Insurance unveils state-of-the-art headquarters in Lagos
Kindly leave a comment and share Chuks Udo Okonta A gathering of prominent dignitaries and industry leaders marked the official commissioning of Regency Alliance Insurance Plc’s state-of-the-art headquarters in Lagos on Thursday. The event, held at the company’s new ultra-modern building located at 2 Ebun Street, Gbagada Expressway, Gbagada, in […]
RIFAN applauds NAICOM, Nigeria Police joint implementation committee on enforcement of third party motor insurance
Kindly leave a comment and share Chuks Udo Okonta Retail Insured Family Association of Nigeria ( RIFAN), a non-profit organisation whose major priority is to restore confidence of the Insured on insurance in Nigeria, through the Director-General, Ali Theophilus Ugwu, has commended the drastic move by the Inspector General of […]
Leadway Group launches campaign to showcase robust unified retail offerings to Nigerians
Kindly leave a comment and share Chuks Udo Okonta Leadway Group, Nigeria’s foremost non-banking financial services provider, has launched a nationwide retail campaign to drive financial inclusion and enhance awareness of its comprehensive suite of solutions. This initiative underscores Leadway’s commitment to delivering accessible and tailored financial products designed to […]
Third party motor insurance: How to stay on the safe side of the law
Kindly leave a comment and share The announcement by the National Insurance Commission (NAICOM) that Nigeria will commence full enforcement of third-party motor insurance on February 1, 2025, is a significant milestone in the nation’s insurance landscape. This decision, driven by the need to enhance road safety and ensure compliance […]
NAICOM gives weak insurance firms 180 days to transfer annuity portfolio to suitable companies
Kindly leave a comment and share Chuks Udo Okonta Companies that are unable to cover the additional expenses introduced by a recent circular are required to transfer their annuity portfolio to another suitable insurance company within 180 days, the National Insurance Commission (NAICOM) has said. NAICOM has released a circular […]
NAICOM, Nigeria Police Force launch joint committee to enforce third party motor insurance, other compulsory policies
Kindly leave a comment and share Chuks Udo Okonta In a collaborative move to strengthen insurance compliance in the country and the announcement by the Inspector General of Police on the enforcement motor vehicle insurance effective 1st February 2025, the National Insurance Commission (NAICOM) and the Nigeria Police Force (NPF) […]
Unhealthy twist as Joachim Egerue challenges alleged wrongful termination of appointment by Federal University Teaching Hospital Owerri
Kindly leave a comment and share There is an unprecedented legal twist in a case where one Joachim Egerue is challenging the alleged wrongful termination of his appointment by Federal University Teaching Hospital Owerri, Imo State as lead counsel to the defendants asked the court to dismiss the case on […]
Photo: Lasaco Assurance pays courtesy visit to Secretary of Osun State Government
Insurers pay 92.3 per cent of reported motor insurance claims
Kindly leave a comment and share Chuks Udo Okonta Insurance companies paid 92.3 per cent of reported motor insurance claims as at third quarter of 2024, the National Insurance Commission (NAICOM) has said. NAICOM stated in the Synopsis of the Insurance Market in Third Quarter 2024, that the improvements in […]