Leave a comment Chuks Udo Okonta Stakeholders in the insurance industry have expressed concern over the formation of Insurers Committee saying it is a duplication of functions of existing bodies such as the Nigerian Insurers Association (NIA) and Insurance Industry Consultation Committee. Although the National Insurance Commission (NAICOM) has said […]
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FG remains adamant to insurance growth
Leave a comment Chuks Udo Okonta Yesterday’s inauguration of the Insurers Committee has further exposed the value the federal government places on the insurance industry as dignitaries at the event who have anticipated the presence of the newly appointed Minister of Finance Mrs Kemi Adeosun were disappointed when she sent […]
NAICOM to Adopt Name-and-Shame Policy for Erring Insurance Operators
• FG inaugurates insurers committee James Emejo in Abuja The Commissioner for Insurance/Chief Executive, National Insurance Commission (NAICOM), Mr. Mohammed Kari, on Thursday hinted that his agency would adopt the name-and-shame policy in trying to restore sanity to insurance practice in the country. He said the proposed strategy would among […]
Shareholders decry excessive charges by NAICOM
Shareholders Association of Nigeria in the Insurance sector have decried excessive charges by the National Insurance Commission (NAICOM). Towards this end, the shareholders under Dynamic Shareholders Association Nigerian (DSAN) appealed to the federal government to review excessive charges by the body on insurance companies. Thisday reported that the group at […]
WELCOME ADDRESS BY THE COMMISSIONER FOR INSURANCE MR. MOHAMMED KARI AT THE INAUGURATION OF THE INSURERS COMMITTEE HELD AT THE SHERATON HOTEL AND TOWERS, ABUJA, ON 19TH NOVEMBER, 2015
Protocol We are gathered here today to inaugurate the Insurers’ Committee and I am delighted to welcome you all to this inaugural ceremony. The Insurers’ Committee will provides a platform for all Chief Executives of insurance companies in Nigeria to sit with the regulator to discuss issues affecting the Industry […]
NAICOM takes issues of insurance law, taxation to FG
Leave a comment Chuks Udo Okonta The National Insurance Commission (NAICOM) on Thursday sought the intervention of the Federal Government on two major issues – enactment of insurance law and excessive taxation which are stemming insurance growth. The Commissioner for Insurance Mohammed Kari, made the demand at the […]
SA Insurance pays N1.5bn claims, earns ‘BBB’ rating
Chuks Udo Okonta Standard Alliance Insurance Plc said it paid a consolidated claims amounting to N1.5billion in its nine months’ operations in 2015 just as it has received a ‘BBB’ rating from the South Africa-based Global Credit Rating (GCR) in recognition of its ability to settle verified claims promptly. […]
CBN seeks quality database to boost insurance penetration
The CBN on Wednesday advised insurance companies to generate quality database of operators as a step towards combating slow insurance penetration in Nigeria. The Head of Data Management Office (DMO) of the CBN, Mr Olayinka Peter, gave the advice at the opening of a Micro-insurance Fair in Lagos. The News […]
Guidelines on unilateral withdrawals from voluntary contributions: threat of industrial action by River State TUC
PRESS STATEMENT Our attention has been drawn to the publication credited to the Trade Union Congress (TUC) Rivers State chapter on the Guideline for Withdrawal of Voluntary Contribution. It is pertinent to note that by virtue of Section 23(b) of the Pension Reform Act 2014, the National Pension Commission has […]
Faces at the get together party and election of new officers for AMP 12 class of the Lagos Business School
