Kindly leave a comment and share Chuks Udo Okonta Guinea Insurance Plc convened a high-impact Board of Directors retreat from May 15-16, 2025 at the prestigious Lagos Continental Hotel, Victoria Island, Lagos. The retreat marked a defining moment of legacy, renewal and strategic alignment, culminating in a formal Board meeting […]
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NCRIB-LAC prepares brokers for anticipated Nigerian Insurance Industry Reform Act
Kindly leave a comment and share Chuks Udo Okonta The Nigerian Council of Registered Insurance Brokers Lagos Area Committee (NCRIB-LAC) at its May 2025 annual general meeting held today in Lagos, had an enlightenment session for brokers to educate them on what they are to expect from the anticipated Nigerian […]
PenCom bars pension operators from doing business with service providers, vendors defaulting on contributions, remittance
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) in furtherance of ongoing efforts to expand coverage of the Contributory Pension Scheme (CPS), has issued a new directive to all Licensed Pension Fund Operators (LPFOs), comprising Pension Fund Administrators PFAs) and Pension Fund Custodians (PFCs) […]
Photos: Faces at NCRIB-LAC May 2025 general meeting today in Lagos
When policyholders may reject insurers prayers
Kindly leave a comment and share Chuks Udo Okonta When your insurance company prays that you will have a claim, don’t say amen, without considering the consequences. You should understand that claims are paid when policyholders suffer loses. As no reasonable person would wish to suffer loses on treasured assets, […]
Photo: Ghana’s insurance industry delegation visits NCRIB
SanlamAllianz Nigerian integration sparks industry buzz
Kindly leave a Comment and share Two of the biggest names in global and African non-banking finance and insurance services, Sanlam and Allianz, have sparked speculation in Nigeria’s insurance industry following a wave of coordinated digital communication activities indicating an imminent completion of the expected merger of the operations in […]
Third party motor insurance campaign now in language you understand
Kindly leave a comment and share Chuks Udo Okonta In a combined effort to promote road safety and legal compliance, a partnership of stakeholders from the Nigerian insurance industry, comprising the Nigerian Insurers Association (NIA), the Nigerian Council of Registered Insurance Brokers (NCRIB), National Insurance Commission (NAICOM) and Institute of […]
Life insurance explained: Why staying the course matters more than early withdrawal
Kindly leave a Comment and share In response to recent media inquiries highlighting common misconceptions around savings elements within life insurance policies, Babajide Osopale, Head, Retail Life Technical at AIICO Insurance Plc, offers clarity on frequently misunderstood aspects – particularly around the early termination of long-term life insurance products. In […]
NEM Insurance revenue soars to N97.9bn, pays N5.02bn dividend
Kindly leave a comment and share Chuks Udo Okonta NEM Insurance Plc said it recorded a 88 per cent increase in revenue, moving from N52.1 billion in 2023 to N97.9 billion in 2024, even as claims payment rose to N24.9 billion in 2024 from N15.6 billion in 2023 and shareholders […]