Managing Director, CHI, Eddie Efekoha Consolidated Hallmark Insurance Plc * FY 2016 net premium earned 3.51 billion naira versus 3.19 billion naira year ago * FY 2016 profit before tax & exceptional items 368.1 million naira versus 704.9 million naira year ago * Proposed dividend of 2 kobo per share […]
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FBN General earns customers’ trust, grosses N2.2bn premium in 2016
Opadokun Leave a comment and share Chuks Udo Okonta FBN General Insurance, has continued on a remarkable upward trajectory in the Nigerian insurance industry, as its audited accounts approved by the National Insurance Commission (NAICOM) revealed that it grossed a premium of N2.2 billion up by 17.4 per cent from […]
Enact Policies To Attract Africa’s Pension Funds To Invest In Continent’s Infrastructure Projects, Says Mayaki
Mayaki Africa must commit to a roadmap that will allow African Pension Funds to invest in Africa’s own infrastructure projects, Ibrahim Assane Mayaki, Chief Executive Officer of the Nepad Planning and Coordinating Agency, told participants to a high-level meeting on ‘innovations in infrastructure development and sustainable industrialization’ on Sunday. In […]
How to get more Ugandans buy insurance
Ibrahim Kaddunabi, Miriam Magala and Mustapha Mugisa By Isaac Khisa Insurance regulator, experts share views at high profile meeting in Kampala How do you convince more Ugandans to buy insurance? That was the main issue discussed during a breakfast meeting for the country’s insurance firms held at Kampala Serena Hotel […]
Insurers’ N300m rebranding project stalled
Indications have emerged that Insurers’ Committee comprising the National Insurance Commission (NAICOM) and Chief Executive Officers (CEOs) of 58 insurance companies cannot raise N300 million for the industry’s rebranding project aimed at deepening insurance awareness and penetration. The cash was meant to fund the project for massive insurance education and […]
Fraud forces insurers to step up e-payment
By Favour Nnabugwu INSURANCE companies in the country have stepped up measures to starve off fraud in the industry arising from cash transactions. The companies now prefer customers to pay through Point of Sale (PoS) terminals at their various locations and agency offices. For instance, AIICO Insurance Plc, said it […]
Companies that help build Trump’s wall could lose pension fund investments and California state contracts
It’s not just Mexican cement giant Cemex that’s refusing to bid on the Great Wall of Trump; many of the firms in the super-concentrated large-scale construction sector are signalling their unwillingness to participate in the wall’s construction. It’s not just reputational concerns, either: there’s also the risk that California Democrats […]
Distribution channel: NAICOM to sign MoU with CBN on Monday, woos PFAs
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM), as parts of its drive to create more distribution channels for insurance, hopes to sign Memorandum of Understanding with the Central Bank of Nigeria (CBN) tomorrow Monday. Inspen gathered that the insurance regulator, is also wooing Pension […]
New maritime law fails to excite re-insurance firms
Kenya Re Managing Director Jadiah Mwarania. 14/06/2016. Photo by WILLIS AWANDU Reinsurance companies say they have little to smile about in the wake of the new marine insurance law. This is because the law, contained in Section 20 of the Insurance Act that makes it mandatory for local cargo importers […]
FG, Underwriters Optimistic About N1trn Insurance Premium Target
Operators in the insurance industry have expressed optimism that the federal government’s target of N1 trillion insurance premium income is realisable. They, however, differed on 2017 as the set year based on some key factors. Managers of insurance companies who spoke exclusively to LEADERSHIP Sunday noted that the total premium […]
