By Jaiyeola Andrews The Federal Capital Territory Administration (FCTA) has threatened to report some insurance firms involved in its Group Life Assurance scheme to the anti-graft agencies for their failure to settle indemnity claims to the several deceased staff. The FCT Permanent Secretary, Dr. Babatope Ajakaiye, handed out the threat […]
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NAICOM woos micro insurance investors with low cost licences
Kari Leave a comment and share Chuks Udo Okonta We are encouraging investors to come and get smaller type of licence that would enable them operate in small areas, the Commissioner for Insurance, Mohammed Kari, has said. He told Inspen that the commission hopes to bring down the licence fee […]
IGI pays N2bn claims, promises improved service
Leave a comment and share Chuks Udo Okonta As part of efforts to improve its services and strengthen public confidence in the company, The Industrial And General Insurance Plc (IGI) has paid out N2 billion as claims to various categories of policyholders. Disclosing this in a statement at the weekend, […]
Consolidated Hallmark Insurance Earns N17bn Aviation Premium In 1 Year
By Samson Echenim Consolidated Hallmark Insurance Plc earned a gross premium of N17 billion from Nigeria’s weak aviation industry in 2015, indicating a capacity for a huge insurance market if the aviation industry is well energised. Consolidated Hallmark Insurance is market leader in aviation insurance in Nigeria with 12 aviation […]
Death Of Students: NANS Laments Insurance Coys’ Failure To Pay Entitlements
Achor Abimaje The National Association of Nigerian Students (NANS) has lamented the untimely demise of its members nationwide and said, no effort has been made by the insurance company in charge to pay claims to the families of the deceased. It further bemoaned the inability of the insurance company saddled […]
Sovereign Trust hosts golf tournament
Leave a comment and share Chuks Udo Okonta Sovereign Trust Insurance Plc is set to host the 4th eponymous Open Golf Tournament, billed for March 11-13, 2016 at the Ibadan Golf Club on Onireke Reservation Area, Ibadan. The tournament will bring together some of the country’s finest golfers both at […]
Obama: 20 million Americans insured thanks to ‘Obamacare’
A woman explains healthcare benefits at a Covered California event which marks the opening of the state’s Affordable Healthcare Act, commonly known as Obamacare, health insurance marketplace in Los Angeles, California, October 1, 2013. REUTERS/LUCY NICHOLSON President Barack Obama said on Thursday that some 20 million Americans had become insured […]
Six firms investigated over pension exit and transfer charges
FCA criticises some life insurers, with Prudential and Old Mutual among the companies under scrutiny A Scottish Widows office in Edinburgh. The company became part of Lloyds Banking Group in 2009. Photograph: Murdo Macleod for the Guardian Julia Kollewe Britain’s financial watchdog has strongly criticised the way some life insurance […]
Faces at the on-going African Insurance Forum holding at Sandton Convention Centre Johannesburg South Africa
Nigeria Insurance Brokers under the aegis of Nigerian Council of Registered Insurance Brokers (NCRIB)with the Commissioner for Insurance, Mohammed Kari 7th (left) participating at the on-going African Insurance Forum holding at Sandton Convention Centre, Johannesburg, South Africa. President, Nigerian Council of Registered Insurance Brokers, Mr. Kayode Okunoren (5th from Right) […]
Insurance customers urge NAICOM to increase Takaful insurance scheme awareness
Insurance customers in the Federal Capital Territory (FCT) have called on the National Insurance Commission (NAICOM) to intensify awareness on Takaful Insurance Scheme. The News Agency of Nigeria (NAN) reports that Takaful is an Islamic insurance based on the Quranic principle of mutual assistance. It is a non-interest form of […]
