The Nigerian constitution reposes a lot of powers on the Office of the President. For the most part, the incumbent rightly exercises these powers powerfully and seamlessly. At other times, the office encounters challenges, confrontations, and contestations in exercising these rights. The latter scenario usually attracts divergent views as to […]
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Sovereign Trust Insurance holds AGM, eyes N7.5bn share capital
Leave a comment and share Chuks Udo Okonta Sovereign Trust Insurance Plc will on Thursday, September 21, 2017, hold its 22nd Annual General Meeting (AGM). A statement by the firm’s Head of Corporate Communications & Brand Management Segun Bankole, noted that the company has been granted approvals for its 2016 […]
Pricing of motor insurance is a ‘no go area’ – NIA Committee
Leave a comment and share Chuks Udo Okonta The pricing of motor insurance is a ‘no go area’ and this has hindered robust deliberation on the issue, the Motor Technical Committee of Nigerian Insurers Association (NIA), has cried out. The committee in a report submitted to the association maintained that […]
Dearth of professionals threaten marine insurance business
Leave a comment and share Chuks Udo Okonta The insurance industry is deprived of billion of Naira yearly due to dearth of professionals in marine business. Inspen gathered that there is reduced knowledge of marine insurance amongst insurers, paving way for unethical practices and low profitability in the business. According […]
Thomas left indelible footprints in NIA – Efekoha
From left: Immediate past Director-General, Nigerian Insurers Association (NIA) Sunday Thomas; Director-General, Mrs Yetunde Ilori and Chairman, Eddie Efekoha at the event. Leave a comment and share Chuks Udo Okonta The immediate past Director-General, Nigerian Insurers Association (NIA) Sunday Thomas, has left indelible footprints in the annals of the association, […]
Photo: FBNInsurance donates back-to-school kits to 500 beneficiaries
From left: Bankole Banjo, Marketing and Corporate Communications Executive, FBNInsurance; Mrs Bukola Adebiyi, Convener, Jakin NGO; a beneficiary and Salau Adewale, Senior Sales Manager, FBNInsurance; at the presentation of back-to-school kits to 500 beneficiaries in the Jakin NGO’s Dress-A-Child-For-School project which held in Lagos.
Chartered Insurance Institute of Nigeria partners Babcock University to establish insurance department
CIIN President, Mrs. Funmi Babington-Ashaye (2nd left) makes a presentation to the Dep. Vice-Chancellor, Babcock University, Prof. Sunday Owolabi (2nd right) alongside CIIN Council Member; CIIN DG, Richard Borokini (1st left; M.O Oyegunle (2nd left) and Prof. Patrick Enyi, Dean Faculty of Management, (right) during Collaboration/Partnership meeting by the University […]
Group calls on underwriters to pull out of brokerage, loss adjusting businesses
Leave a comment and share Chuks Udo Okonta For underwriters to uphold high professional standards they must relinquish their interest in loss adjusting; brokerage; loss assessing and pre-loss survey firms, a group has canvassed. The Fire Office Committee of the Nigerian Insurers Association (NIA) made the recommendation in a report […]
Leadway partners NBA, provides N1m cover for members
Leave a comment and share Chuks Udo Okonta Leadway Assurance Limited has sealed a partnership deal with the Nigerian Bar Association (NBA), which will provide insurance cover up to N1 million for member of the legal profession. The deal was sealed during the week long 2017 NBA General Conference which […]
Insurers pay brokers, agents N31.56bn commission
Leave a comment and share Chuks Udo Okonta Insurance companies paid N31.56 billion as commission to brokers and agents in 2015, Inspen can report. According to a report obtained from the Nigerian Insurers Association (NIA), Non-Life operators paid N22.27 billion out of gross premium income of N178.49 billion and Life […]
