Ahmed Leave a comment Chuks Udo Okonta In line with the change mantra, insurance operators have called on government at all level to procure insurance cover for their assets as done in other climes. The Director-General Chartered Insurance Institute of Nigeria (CIIN) Kola Ahmed, said this in an interview with […]
Author: admin
Insured catastrophe losses down again to $27bn in 2015: Munich Re
Losses from natural catastrophes in 2015 resulted in just $27 billion of impact to the insurance and reinsurance industry, according to Munich Re, lower than the figure seen in 2014 and the lowest since 2009. Global reinsurance firm Munich Re noted this morning that the re/insurance sector will find no […]
Shareholders slam insurance companies’ managers on dividend blackout
Shareholders ZAKA KHALIQ (NEWSWATCH TIMES NEWSPAPER) The shareholders of insurance stocks in the country are angry with the management of underwriting firms for their failure to declare dividend in the 2014 financial year, as most of the insurers are yet to declare dividend in the last four years, Newswatch Times […]
‘FG owes armed forces insurers 2013 premium’
The Federal Government is owing insurers and brokers’ premiums for 2013 Group Life Insurance Policy (GLIP) of the Armed Forces, Defence Spokesman, Colonel Rabe Abubakar, has said. Abubakar, who made this known in an interview, however, said efforts were on to ensure that the premium was paid to the brokers […]
SASSA restricts insurance deductions on social grants
JOHANNESBURG – South African Social Security Agency (SASSA) is tightening the screws and reviewing its policy regarding funeral policy deductions on child support grants. The social grants agency says its research has shown that such deductions may not be in the best interest of the child. SASSA says as from […]
Obamacare Insurers Sweeten Plans With Free Doctor Visits
Health insurers in several big cities will take some pain out of doctor visits in 2016. The plans will offer free visits to primary care doctors in their networks. You read that right. Doctor visits without copays. Or coinsurance. And no expensive deductible to pay off first either. In Atlanta, […]
Happy New Year
The Management of Inspen Media wishes all our readers and supporters Happy New Year, and solicits your support towards achieving our goals of providing prompt and in-depth news and reports. Chuks Udo Okonta CEO
PFAs, insurers’ unhealthy competition puts retirees’ money at risk
Insurance companies and Pension Fund Administrators are engaged in an unhealthy competition to the detriment of retirees in their quest for a larger share of the growing pension funds, NIKE POPOOLA reports Crave for pension money The desire for a larger share of the growing pension funds is making the […]
Auwalu Muktari now Royal Exchange’s Acting Group Managing Director
PRESS RELEASE • Francis Okoli appointed Group Chief Financial Officer The Board of Directors of Royal Exchange Plc, Nigeria’s leading Insurance and Asset Management Group is pleased to announce the appointments of the following officers to direct affairs of the group. The appointments are: • Alhaji Auwalu Muktari, former Group […]
NAICOM is working to make insurers richer, better – Kari
Kari Leave a comment Chuks Udo Okonta The Commissioner for Insurance Mohammed Kari, says the National Insurance Commission (NAICOM) is working hard to make insurance institutions richer and better, but wondered why they are not taking advantage of the opportunities created by the commission. Kari, who disclosed in Lagos, said […]
