With the cancellation of the Tier Based Minimum Solvency Capital(TBMSC) framework by the National Insurance Commission(NAICOM) late in 2018, the capital base of the industry remains the same, meaning that, Non-Life Insurance Firms are to continue to operate with a minimum of N3 billion capitalisation ; Life Insurance Operators to […]
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Africa 2019 – The Optimist’s View
Is there a new scramble for Africa? Why should Africa be confident? These and other questions are eloquently ventilated at the plethora of Africa Investment conferences – including our own Hogan Lovells Africa forums in London and Johannesburg –and 2018 was no different. I have participated in a range of […]
NAICOM snores as insurance crawls
href=”https://inspenonline.com/wp-content/uploads/2018/12/image-41.jpg”> By Omobola Tolu-Kusimo There have been policy somersaults by the Federal Government through the National Insurance Commission (NAICOM) within the year. While some experts say the commission is a toothless bulldog, others think it is confused. But why has the commission not been able to implement policies that can […]
Inspenonline wishes you Happy New Year 2019
The management of Inspenonline wishes Happy New Year to the board, management and staff of the National Pension Commission; National Insurance Commission; Nigerian Insurers Association; Chartered Insurance Institute of Nigeria; Nigerian Council of Registered Insurance Brokers; Pension Fund Operators Association of Nigeria; Association of Registered Insurance Agents; Loss adjuster Association […]
Everybody needs insurance – NSIA MD
Mrs Nwachukwu Leave a comment and share Chuks Udo Okonta Everybody needs insurance to have a secured future, the Managing Director, NSIA Insurance Limited, Mrs Ebelechukwu Nwachukwu, has said. She stated this recently at a forum in Lagos, adding that insurance should be a compelling message to Nigerians, and that […]
Why insurance N1tn premium target failed – NAICOM
From left: President, Chartered Insurance Institute of Nigeria, Eddie Efekoha; Chairman, Nigerian Insurers Association, Tope Smart and Deputy Commissioner for Insurance, Technical, Sunday Thomas at an event in Lagos. Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has said the industry’s N1 trillion premium income […]
Photo: Faces at 2018 Christmas Eve Party of Island Club
From left: Segun Bankole, AGM/Head, Corporate Communications and Brand Management, Sovereign Trust Insurance Plc, Olabanji Oladapo, KCOP, Chairman, Island Club and newly elected Secretary General, Nigeria Olympic Committee, Gbenga Gbadesire, CEO, Session Synkated Group of Companies, Gbenga Falekulo, former DMD, ContinentalRe and Femi Ambode at the 2018 Christmas Eve Party […]
Experts canvass more investment in real estate
Leave a comment and share Chuks Udo Okonta Real Estate investments presently give good returns than most investment instruments in the country, experts have posited. Speaking at its 2018 End of the Year programme of Brit Property Nigeria Limited in Lagos recently, the experts called for increased investment in landed […]
TBMSC: NAICOM lashes insurers for hiding under shareholders
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has lashed some underwriters for hiding under their shareholders to work against the aborted Tier Based Minimum Solvency Capital (TBMSC) policy. The Commissioner for Insurance Mohammed Kari, who expressed this recently, at a forum with members of […]
Insurers with N3bn capital base to lose high ticket business
Leave a comment and share Chuks Udo Okonta In spite the cancellation of the Tier Based Minimum Solvency Capital (TBMSC), most insurance companies will still lose businesses they used to underwrite as policyholders seemed poised to transfer their risks to underwriting firms with requisite capital base. The President, Chartered Insurance […]
