Managing Director FBNInsurance, Val Ojumah, (3rd left) with his friends at the late Chief George Emo-Agege’s burial ceremony in Delta State. From left: Managing Director Prudential Life; Wale Banmore; Executive Director Operations Equity Assurance Plc, Samuel Ogbodo; Managing Director, FBN General Insurance, Bode Opadokun and Managing Director Equity Assurance Plc, […]
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Insurance firms borrow N68.57bn for expansion
Leave a comment and share Chuks Udo Okonta Some insurance companies had between 2013 to 2016 borrowed about N68.57 billion to support their operations, Inspenonline can report. Data obtained from the Nigerian Insurers Association (NIA) revealed that Non life operators borrowed N60 billion, while Life operators borrowed N8.57 billion. According […]
Allianz Artificial Intelligence Report: Rise of the robots brings huge benefits for businesses, but also creates new loss and liability scenarios
.AI-based applications will increase vulnerability of businesses to cyber-attacks and technical failure, leading to larger-scale disruption and loss scenarios .Companies face liability challenges as responsibility shifts from human to machine and manufacturer. New framework needed to manage rise in AI-generated damages .Risk management can help maximize the net benefits of […]
Investment portfolio in Nigeria’s insurance industry grew by 8% to N762 billion in 2017
The 2018 Nigerian Insurance Industry report by Agusto & Co. has revealed poor performance of the investment portfolio in the sector. The 206-page report which also ranked firms in the industry across various financial indicators, also highlighted major challenges contributing to the industry’s low performance, particularly its investment portfolio management […]
PTAD refutes receiving N54bn for payment of 33% pension arrears
Leave a comment and share Chuks Udo Okonta The Pension Transitional Arrangement Directorate (PTAD) has refuted news reports that it recently received N54 billion from the Federal Government to pay 33 per cent pension arrears. PTAD stated this on its Twitter Handle stating that the attention of the its Executive […]
Ambode trains workers on conflict resolution, chaos
Ambode Leave a comment and share Chuks Udo Okonta The ability for workers in Lagos State to persuade, negotiate, resolve conflicts and avoid chaos is crucial to the development and peace of the State, Govenor Akinwunmi Ambode, has said. The Governor said this in Lagos during workers training, tagged: “Building […]
NCRIB to register willing members with Chamber of Commerces
From left: The Executive Secretary/CEO, Nigerian Council of Registered Insurance Brokers, Fatai Adegbenro; President, Shola Tinubu; Vice President, Mr. Rotimi Edu; Hon Treasurer, Mrs. Ekeoma Ezeibe and Hon Auditor, Tunde Oguntade at the 2018 first quarter Press Conference held at NCRIB Secretariat on Monday in Lagos. Leave a comment and […]
PRESS STATEMENT BY PRESIDENT, NIGERIAN COUNCIL OF REGISTERED INSURANCE BROKERS (NCRIB), MR. SHOLA TINUBU, ACII, FCIB, AT THE NCRIB QUARTERLY MEDIA BRIEFING
From left: Executive Secretary/CEO, Nigerian Council of Registered Insurance Brokers, Fatai Adegbenro; President, Shola Tinubu; Vice President, Rotimi Edu; Hon Treasurer, Mrs. Ekeoma Ezeibe and Hon Auditor, Tunde Oguntade at the 2018 first quarter Press Conference held at NCRIB Secretariat on Monday in Lagos. PRESS STATEMENT BY PRESIDENT, NIGERIAN COUNCIL […]
Photos: Faces at Sovereign Trust Insurance push for progress workshop
From left: Senior Manager, General Internal Services, (GIS), Sovereign Trust Insurance Plc, Bisola Asaju; Head, Human Resources, Adeola Onichabor; Facilitator of the Workshop, Seyi Ifaturoti and Executive Director, Marketing, Ugochi Odemelam at the “Push For Progress” Workshop organised for the female employees of the organization in Lagos. Cross section of […]
Obasanjo endorses Anchor Insurance AnchorLoEIS product
From left: Deputy General Manager, Enterprise Risk Management, Anchor Insurance, Augustine Inegbenehi; Managing Director Designate, Augustine Ebose; Former President, Chief Olusegun Obasanjo, General Manager, Retail & Micro-Insurance, Uzoma Ofurum and Regional Manager, South-West, Phillips Olowoporoku at the event. Leave a comment and share Chuks Udo Okonta Former President Olusegun Obasanjo […]
