insurance and pension news
Sunday, June 15, 2025
Kindly leave a comment and share Chuks Udo Okonta The insurance industry paid N536.5 billion claims in year 2023 and many people are still in doubt that insurers pay claims. Irrespective of the efforts made by insurance and media practitioners to project huge claims paid yearly by underwriters, unless claims […]
Kindly leave a comment and share Chuks Udo Okonta Continental Reinsurance Plc, a leading Pan-African reinsurer, has announced the launch of the 10th edition of the Pan African Re/Insurance Journalism Awards (2025), marking a decade of recognizing journalistic talent and excellence within the re/insurance industry. The longest-running award program dedicated […]
Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has given insurance companies December 31, 2024 deadline to clear all outstanding claims. The Head, Communication & Stakeholders Management Sub-committee and Managing Director Rex Insurance Limited Mrs. Ebelechukwu Nwachukwu, disclosed this at a press conference held […]
Kindly leave a comment and share Chuks Udo Okonta The Nigerian Insurers Association (NIA) has pledged to collaborate with the Nigerian Council of Registered Insurance Brokers (NCRIB) to ensure the provision of full underwriting information required in onboarding of policyholders , which would then aid claims settlement. The Chairman of […]
Kindly leave a comment and share Chuks Udo Okonta A high level stakeholders follow up meeting of the Insurance and Aviation sectors was convened yesterday in Abuja at Transcorp Hilton Hotel. The meeting which was chaired by the Honorable Minister of Aviation and Aerospace Festus Keyamo SAN also had in […]
Kindly leave a comment and share Chuks Udo Okonta Though employers have obligations to support employees’ retirement programme, but having a comfortable retirement is the sole responsibility of employees. It is important to note that employers are not under any responsibility to provide employees the best type of retirement they […]
Kindly leave a comment and share Chuks Udo Okonta Sterling Assurance Nigeria Limited, one of the leading insurance companies in Nigeria, grew its profit by 32 per cent, amounting to Gross Written Premium (GWP) of N5.9 billion in 2023. The Chairman of the company, Dr. Fatai Lawal, disclosed this […]
Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has said one of the mandates given to the newly constituted interim board and management of African Alliance Insurance Plc is to open the firm’s annuity portfolio for acquisition. The Commissioner for Insurance Olusegun Omosehin, said […]
Kindly leave a comment and share Chuks Udo Okonta AIICO Insurance Plc, said it paid a total of N52.6 billion to its annuity customers in five years. The amount which covers 2019 to 2023 is broken down thus: 2019 – N5.2 billion; 2020 – N6.0 billion; 2021 – N6.2 billion: […]
