A mortuary in Johannesburg. Scamming syndicates often recruit an official WALDO SWIEGERS / GETTY IMAGES Corpses are being rented out from South African mortuaries to gangs who are claiming multiple payouts on life and funeral policies in a ruthless scam that costs insurers millions each year. One syndicate is alleged […]
Author: admin
Guideline empowering insurance agents to sell annuity coming soon – NAICOM
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) and National Pension Commission (PenCom) will soon unveil a guideline which will empower insurance agents to sell benefit annuity products, Inspenonline can report. This was disclosed by a member of staff of NAICOM, who said the insurance […]
Operators applaud new insurance sector tax regime
Mrs. Ilori Leave a comment and share Chuks Udo Okonta The signing of the 2020 Finance Bill into law by President Muhammadu Buhari, has been welcomed by insurance operators, who said the Act, has brought great tax relief to insurance business. The Special Adviser to the President, Femi Adesina, in […]
NCRIB applauds Makinde on Gbagi market fire, offers insurance as recipe for risks
Leave a comment and share Chuks Udo okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) has bemoaned the fire disaster that ravaged Akesan Market, (OjaAkesan) in Oyo town, where properties worth millions of naira were destroyed. The Council commended the promise made by the State Governor, Engineer Seyi Makinde […]
AM Best revises outlooks to stable for AXA Mansard Insurance Plc
Leave a comment and share Chuks Udo Okonta AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of AXA Mansard Insurance Plc (AXA Mansard) (Nigeria). The ratings reflect AXA Mansard’s balance sheet […]
AM Best affirms credit rating of Custodian and Allied Insurance Limited
Leave a comment and share Chuks Udo Okonta AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” of Custodian and Allied Insurance Limited (CAI) (Nigeria). The outlook of these Credit Ratings (ratings) is stable. CAI is the wholly owned non-life […]
Photos: Faces at burial of Efekoha’s mother today in Warri Delta Sate
From left: Chairman, Capital Express Assurance, Tony Aleto; Managing Director, Sterling Assurance, Fatai Lawal; Managing Director, FBN General, Bode Opadokun; Managing Director, Capital Express Insurance, Mŕs. Bola Odukale; Former General Manager, Insurance Department, Nigeria National Petroleum Corporation, Ayo Bammeke; President, Chartered Insurance Institute of Nigeria (CIIN), Eddie Efekoha; Chairman, Nigeria […]
NAICOM begins sponsorship of actuarial programme in June 2020
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has said that by June 2020, it will commence the sponsorship of actuarial programme which is aimed at addressing the growing need for professional analysts in the sector. The Deputy Director/Head, Research, Statistics & Strategy Directorate, NAICOM, […]
NAICOM unveils insurance industry’s 2020 agenda
Thomas Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has identified major initiatives it will leverage to propel the insurance industry forward this year. The Acting Commissioner for Insurance, Sunday Thomas, who unveiled the initiatives at the 2020 NAICOM seminar for insurance journalists in Kano, […]
PenCom grants certificate of compliance to AIICO, 191 firms to seek FG’s contracts in 2020
PenCom’s Acting Director-General, Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has granted certificate of compliance to AIICO Insurance Plc and 191 firms to seek federal government’s contract this year. This was contained in the schedule of employers issued with certificate of compliance […]
