“It is important that people understand the importance of life insurance early in their life and make it a priority over other spending. Rhythm and beats is the best way to get the message across to youth,” the LIC staffer said. The initiative attempted to cash in on the Valentine’s […]
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AIICO partners EdFin MFB on sustainable education
Cross section of participants at the event. Leave a comment and share Chuks Udo Okonta AIICO Insurance Plc., a leading insurer in Nigeria has partnered EdFin Microfinance Bank to provide support on sustainable education in Nigeria. A statement by the Head, Strategic Marketing & Communications Department. AIICO Insurance Plc, Segun […]
Insurers pay over N350m claims on banks, others fraudulent acts
Leave a comment and share Chuks Udo Okonta Insurance companies paid over N350 million claims on frauds perpetrated by banks’ staff and fraudsters in 2018. Data obtained from the Nigerian Insurers Association (NIA) stated that NEM Insurance paid the largest claims amounting to N115.20 million, which was paid to Union […]
Pension fund assets soar to N10.22tn
*RSA holders contributed N1.48tn in 2019 Leave a comment and share Chuks Udo Okonta The pension Fund assets soared to N10.22 trillion, as at December 31, 2019, the National Pension Commission (PenCom) has said. PenCom disclosed this in its Summary of Pension Fund Assets as at December, 31, 2019, published […]
Low-income UAE workers to receive free insurance when sending money home
*Democrance, Axa and Hello Paisa team up to offer Dh3,000 in personal accident cover for total disability or death UAE residents remitting money to their home countries in the Middle East, Africa and Asia through Hello Paisa will have complimentary access to the new “Hello Protect” insurance product. Victor Besa […]
Africa Re announces African Insurance Awards
Leave a comment and share Chuks Udo Okonta The African Reinsurance Corporation (Africa Re) has announce entries for the 6th edition of the African Insurance Awards. The objective of the Awards, the organization said is to reward and celebrate innovation, good corporate management and good leadership in the African insurance […]
Linkage Assurance grows profit by 902% in Q4 2019
Braie Leaves a comment and share Chuks Udo Okonta Linkage Assurance Plc has recorded sterling improvements in both its top and bottom-lines for the fourth quarter ended 31st December 2019, despite the harsh operating environment. In the company’s Unaudited Fourth Quarter report submitted to the Nigerian Stock Exchange (NSE), Linkage […]
Roadshow to help Rwandan businesses tap into AfCFTA
Leave a comment and share * Afreximbank, PSF Will Showcase Opportunities from IATF2020 Participation Kigali, 05 February 2020: The African Export-Import Bank (Afreximbank) has announced a roadshow in Kigali to show the Rwandan private sector how it can become a primary beneficiary of the African Continental Free Trade Area (AfCFTA) […]
How insurance sector rejected govt. bids to cut group life premium
Leave a comment and share Chuks Udo Okonta Insurance sector’s rejection of Federal Government bids to reduce the premium for its group life policy was one of the reasons some of government workers didn’t have cover for 2019, Inspenonline has learnt. Inspenonline reliably gathered that the federal government through the […]
CIIN fetes elders, covets prayers for successful insurance recapitalisation
Efekoha Leave a comment and share Chuks Udo Okonta The Chartered Insurance Institute of Nigeria (CIIN) has poured encomium on elders of the insurance industry for laying a solid foundation on which the sector stands today, and also solicited their prayers for successful outcome of the ongoing recapitalisation. The President […]
