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NAICOM, NFIU embrace to safeguard integrity of Nigeria’s financial system
Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) and Nigerian Financial Intelligence Unit (NFIU) have strengthened their partnership to ensure robust financial regulations and safeguarding the integrity of Nigeria’s financial system. This was attained when the Commissioner for Insurance/CEO of National Insurance Commission Olusegun […]
NIA upgrades NIID for PenCom to verify genuineness of group life insurance policy certificates
Kindly leave a comment and share Chuks Udo Okonta The Nigerian Insurers Association (NIA) said the Nigerian Insurance Industry Database (NIID) has been upgraded for the National Pension Commission (PenCom) and other parties to verify genuineness of group life insurance policy certificates issued to the insuring public by its members […]
Insurers generate paltry 3.2% premium income from direct sales
Kindly leave a comment and share Chuks Udo Okonta In spite the multi-billion naira spent on deployment of technology by insurance companies to drive sales of policies, only 3.2 per cent – N32 billion of N1 trillion revenue was attained, Inspenonline can report. Managing Director Peerless Management & Solutions Limited […]
Sovereign Trust Insurance to host annual Ikoyi Club 1938 Table Tennis competition
Kindly leave a comment and share Sovereign Trust Insurance Plc is set to host another edition of the company’s annual Ikoyi Club 1938 Table Tennis competition for members and their spouses. The week-long competition will see members compete for laurels in the various categories as provided for in the event […]
Five-year milestone: AIICO Insurance surpasses N200bn in claims, benefits payments
Kindly leave a comment and share Chuks Udo Okonta AIICO Insurance Plc, a leading composite insurer in Nigeria, has been acknowledged for its exceptional performance in prompt claims and benefits payment, surpassing N200 billion in settlements over the past five years. This milestone reflects AIICO’s unwavering commitment to providing financial […]
Universal Insurance projects over N20bn premium income in 2024
* Lauds partnership with NAIPE Kindly leave a comment and share Chuks Udo Okonta Despite the harsh operating environment in the country, Universal Insurance Plc has projected a premium income of N20 billion for the 2024 financial year. Managing Director of Universal Insurance, Ben Ujoatuonu, made the revelation at the […]
NNPC attributes fuel queues logistics challenges, flooding
Kindly leave a comment and share Chuks Udo Okonta The NNPC Limited has said the fuel queues seen in the FCT and some parts of the country, were as a result of disruption of ship-to-ship (STS) transfer of Premium Motor Spirit (PMS), also known as petrol, between Mother Vessels and […]
Cornerstone Insurance celebrates outstanding achievements
Last year was really good for Cornerstone Insurance Plc as its revenue soared significantly moving from N2.9 billion in 2022 to N17 billion at the end of 2023. The Managing Director/Chief Executive Officer of the Frontline underwriting firm, Stephen Alangbo, is hopeful that better days are ahead for the company. […]
NAICOM board names 5 directors, Rasaaq Salami heads Human Resources & Administration
Kindly leave a comment and share Chuks Udo Okonta The Governing Board of the National Insurance Commission (NAICOM) at its meeting held on June 21, 2024, approved the promotion of five staff to the grade of Director following the promotion exercise conducted on March 27, 2024. The new Directors are: […]
