By Ranamita Chakraborty Chubb has proposed that a public-private partnership programme that provides business interruption (BI) insurance for enterprises in the US can be implemented before the next pandemic strikes. The (re)insurer’s suggested pandemic BI scheme comprises a programme for small businesses that provides an immediate cash infusion when a […]
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Lloyd’s collaborates with three start-ups for COVID-19 innovations
By Anoop Khanna Lloyd’s has started work with three new InsurTechs to help the market respond to the COVID-19 pandemic. As part of its package of measures announced to respond to COVID-19, Lloyd’s has reimagined and expanded the scope, process and timings for new applicants to the Lloyd’s Lab innovation […]
NCRIB executive secretary Adegbenro marks birthday today
Adegbenro * Inspenonline wishes him wonderful years ahead Leave a comment and share Chuks Udo Okonta The burden of writing felicitations for a man like the Executive Secrrtary of the Nigerian Council of Registered Insurance Brokers (NCRIB) Fatai Adegbenro, is a difficult one, because of the different dimensions of goodness […]
Desired insurance retail penetration: The “Baba Alajo” as a metaphor
Tope Adaramola One thing that is constant in life is change. Through times and ages, societies have often found ways to thrive. Human beings have figured out ways to add value to each other in order to have a rewarding and fulfilling life, and by so doing, maintain societal economic […]
FBNInsurance pays N4.4bn claims in 6 months
Ojumah Leave a comment and share Chuks Udo Okonta FBNInsurance Limited has displayed resilience in its business strategy despite the negative impact of the coronavirus pandemic on the Nigerian economy. The company recently paid the sum of N4.4 billion in claims to its customers in the first half of the […]
PILA condemns rising cases of rape, domestic violence against women
Joyce Ojemudia Leave a comment and share Chuks Udo Okonta The Professional Insurance Ladies Association (PILA) has joined the civil society groups, Non-governmental organisations and other well meaning Nigerians home and abroad to condemn in totality the rising cases of rape, assault and domestic violence against women. PILA said this […]
Eyes on set goals
Mrs. Nwachukwu We are pleased to have met the set goals for the financial year of 2019 and we expect to significantly grow our income for better competitive edge. We look forward to growing capacity by 25% before the end of 2020 even as we plan for a 30 per […]
MTN expands mobile insurance with three new products
By Brendyn Lotz One upside of lockdown is that my smartphone rarely leaves my desk and as a result, it hasn’t hit the floor at all in the last four months. That having been said, accidents do happen and if you’re an MTN customer the mobile network has introduced three […]
NSE cautions investors against Staco Insurance, IEI, three others for failure to file accounts
Leave a comment and share Chuks Udo Okonta The Nigerian Stock Exchange (NSE) yesterday advised investors to trade with caution on the securities of five insurance companies due to the absence of up to date financial information on them. According to the NSE, the four companies are: Goldlink Insurance Plc; […]
FBI sees spike in fraudulent unemployment insurance claims
The FBI has seen a spike in fraudulent unemployment insurance claims complaints related to the ongoing COVID-19 pandemic involving the use of stolen personally identifiable information (PII). US citizens from several states have been victimised by criminal actors impersonating the victims and using the victims’ stolen identities to submit fraudulent […]
