Newly elected executives of Association of Registered Insurance Agents of Nigeria From left: General Secretary, Association of Registered Insurance Agents of Nigeria, Moses Itoya, Vice President, Kehinde Jegede and President, Olakunle Odewunmi at the event. Participants at the event
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Photos: Faces at Leadway Assurance 2020 journalists training today in Lagos
Participants at the event
FBNInsurance trains retail managers, holds 5th customer forum
Ojumah Leave a comment and share Chuks Udo Okonta FBNInsurance Limited, on Tuesday, February 25th, 2020 held its quarterly Retail Managers training for its Area sales Managers, Senior Sales Managers and Retail Sales Managers respectively in Uyo, the Akwa Ibom State capital. The firm undertakes the quarterly exercise to serve […]
Government clarifies coronavirus insurance stance
The government has bowed to pressure and changed its stance on insurance to cover firms for coronavirus losses in England. The government said it would declare coronavirus as a “notifiable disease”, a formal classification required by many insurance policies. Businesses had warned that expected coronavirus losses risked not being covered […]
US health insurers face potential rise in claims due to coronavirus
By Cynthia Ang US health insurers will experience an increase in medical claims with the spread of the coronavirus, driven by at-risk patients such as the elderly and those with pre-existing conditions, said AM Best in a report. In its report, ‘Potential Rise in Claims Due to Coronavirus’, the rating […]
African Alliance presents 26 awards to deserving sales executives
From left: Victor Peters, Head, Agency Operations; Funmi Omo, MD/CEO; Mary Akwamanti, gold trophy winner, overall best Agency in first year premium; Olabisi Adekola, Executive Director, Finance; and Bode Raji, Head, Finance all of African Alliance at the company’s annual Agency awards held recently. Leave a comment and share Chuks […]
European insurers well positioned to manage coronavirus risk – AM Best
By Ahmad Zaki The coronavirus (COVID-19) could potentially put the balance sheet of European insurers under stress, although the biggest impact is likely to come from the ensuing economic fallout rather than from direct exposure to the virus. AM Best in its latest report stated that it expects the European […]
Japan: National insurance now covers coronavirus testing
By Ranamita Chakraborty Despite confirming over 500 coronavirus cases to date, Japan faces rising concerns that the real number of cases in the country is widely under-reported. Hence in an effort to increase testing and improve reporting of cases, its national health insurance (NHI) system is now covering coronavirus screenings […]
And NAICOM says no
Acting Commissioner for Insurance, Sunday Thomas It is amazing, as some people still say we do not know why NAICOM should restrict our investments in property. To the extent that the industry mobilized FMDQ to appeal to us to loosen the provision of the law. It must not be done […]
How NAICOM rejected operators’ lobby on admissibility of properties in recapitalisation
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has disclosed how some insurance operators engaged the services of a consultant to pressure it into lowering rules on non-admissibility of properties as assets in the ongoing recapitalisation exercise. The Acting Commissioner for Insurance, Sunday Thomas, who […]
