ADDRESS BY MRS. FUNMI BABINGTON-ASHAYE, FIIN, CHAIRMAN, INSURANCE INDUSTRY CONSULTATIVE COUNCIL (IICC) DURING THE 2018 IICC MEDIA RETREAT FOR INSURANCE CORRESPONDENTS ON FRIDAY 2ND FEBRUARY, 2018 AT GRAND INN & SUITES, IJEBU-ODE, OGUN STATE.. • Distinguished Members of the IICC here present • Distinguished Members of the Press, • Ladies […]
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NNPC, Dangote, Police, others list expectations from insurers
Kari Leave a comment and share Chuks Udo Okonta Major stakeholders in insurance business have demanded efficient service delivery; prompt claims settlement; robust information technology deployment; engagement of qualified personnel; ethical practices amongst others, from insurance operators. The stakeholders spoke at the first interactive session with major consumers of insurance […]
Photos: Faces at on going NAICOM’s consumers forum in Lagos
Commissioner for Insurance, Mohammed Kari From left: Deputy Commissioner, Technical, Thomas Sunday; Chairman, Nigerian Insurers Association, Eddy Efekoha and a participant at the event. Efekoha Corps Marshal, Federal Road Safety Commission, Boboye Oyeyemi
Lagos State equips workers for quality service delivery
From Right: Director, Human Resources, Vitech Trainers Mrs. Tope Akomolafe; Director Training, Office of Establishment Training and Pension, Ayodeji Aruna; Permanent Secretary, Mrs. Clara Omotilewa Ibinogba; Director Account, Deji Koko and Managing Director, Vitech Traniners, Lekan Ojediji at the event. Leave a comment and share Chuks Udo Okonta Lagos a […]
Photos: Faces at AIICO’s 2018 agency retreat in Lagos
LASG pays N723m accrued pension rights to 149 retirees
Ambode Leave a comment and share Chuks Udo Okonta The Lagos State Government at the 47th Retirement Benefit Bond Certificate (RBBC) presentation ceremony yesterday, Tuesday, in Ikeja, paid accrued pension rights of N723 million into the Retirement savings Accounts of 149 retirees of the Public Service. A statement by Mrs […]
5 insurers get NAICOM’s nod to sell index-based agric insurance
Eyes 3.8 million agricultural primary producers Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has granted product approval to five insurance companies participating in the Index-Based Agricultural Insurance (IBAI) pilot scheme. The Director, Inspectorate, NAICOM Barineka Thompson, who disclosed this last week at a seminar […]
INDEX-BASED AGRICULTURAL INSURANCE PROGRAMME (IBAI) A Discussion Paper By Barineka Thompson, FCA, CAMS Director, Inspectorate
INDEX-BASED AGRICULTURAL INSURANCE PROGRAMME (IBAI) A Discussion Paper By Barineka Thompson, FCA, CAMS Director, Inspectorate A. BACKGROUND 1. An ongoing efforts by the present administration to diversify the Nigerian economy and create opportunities to promote Agric. business and employment in the last few years. 2. The role NAICOM has played […]
NAICOM fines insurance firms N1.4b for infractions
Kari By: Omobola Tolu-Kusimo The regulatory body of the insurance sector, the National Insurance Commission (NAICOM), has fined some insurance firms over $4 million (N1.46 billion) as penalties for various infractions. The Commissioner for Insurance, Mohammed Kari, who stated this over the weekend at a two-day seminar for insurance correspondents […]
Equity Assurance Sells 67% to French Company
‘ Steven S. Kolubah, Board Chairman of Equity Assurance and Karim Franck Dione, Head, Management Control, Equity Assurance subsidiaries A Franco-phone African Insurance Group, SUNU has bought substantial equity (67 per cent) of Equity Assurance Company Liberia Ltd. This represents a total of US$1.389, 540 million shares bought by the […]
