The 64 Nigerians confirmed dead in the Mina stampede in Saudi Arabia, plus the 71 injured and the 244 missing pilgrims do not have valid insurance cover. According to Saturday Punch, majority of the 76,000 Nigerians, who participated in this year’s Hajj in Mecca, did not have travel health insurance […]
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Scores killed as bomb blast rocks Abuja
Two bomb blasts have rocked the outskirts of the Nigerian capital, with casualties reported, officials say. BBC reported that the the first struck near a police station in Kuje, 25 miles (40km) from Abuja, the second hit a bus stop in Nyanya. One official said 10 people had been “critically […]
Diezani Allison-Madueke Reportedly Arrested In UK Over Corruption
The President of the Organization of Petroleum Exporting Countries, Mrs. Diezani Allison-Madueke, has reportedly been arrested in the United Kingdom. According to Premium Times, Mrs. Allison-Madueke was arrested alongside 4 others by British law enforcement. Her arrest is said to be in connection with crimes of corruption and bribery being […]
Okunoren to become 18th NCRIB President
Leave a Comment Chuks Udo Okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) the umbrella body of registered insurance brokers in the country will on Thursday, October 15, 2015, witness a change in leadership as Emmanuel Kayode Okunoren becomes its 18th President. A statement by the Assistant Manager Corporate […]
Ekpre-Olomu expected to be first to collect on loss of draft value insurance
Former Oregon cornerback Ifo Ekpre-Olomu, who is of Nigerian descent is expected to be the first player to collect on a loss of draft value insurance, according to the man who underwrote the policy. Keith Lerner told CBS Sports Thursday night that Ekpre-Olomu is in the process of collecting a […]
Britain to set time limit for insurance mis-selling claims
Britain’s financial regulator is to impose a two-year deadline for customers to claim compensation for mis-sold loan insurance, drawing a line under Britain’s costliest consumer finance scandal. Banks have already set aside more than 28 billion pounds($42.41 billion) to compensate customers for mis-sold payment protection insurance (PPI) policies. These were […]
Six states remit N34bn into RBBRF accounts
Leave a Comment Chuks Udo Okonta Six states have remitted N34 billion into their Retirement Benefit Bond Redemption Fund Accounts (RBBRFAs) the National Pension Commission (PenCom), has said. The commission in a report, said as at the end of first quarter this year, Lagos State had remitted N10 billion; Ogun, […]
Standard Alliance Insurance Plc posts N4.33bn premium income
Leave a Comment Chuks Udo Okonta Standard Alliance Insurance Plc recorded a gross premium of N4.33 billion last year as against N3.78 billion in 2013, its Chairman Dominic Oneya, has said. He disclosed this at the company’s annual general meeting in Lagos, adding that the firm’s underwriting profit stood at […]
President Muhammadu Buhari’s speech on Nigeria’s 55th Independence anniversary
Being text of speech by President Muhammadu Buhari to mark Nigeria’s 55th Independence anniversary. OCTOBER 1 is a day for joy and celebrations for us Nigerians whatever the circumstances we find ourselves in because it is the day, 55 years ago; we liberated ourselves from the shackles of colonialism and […]
Life insurance penetration should be through banks: report
As less than 10 per cent of Indians have life insurance cover, the way forward to increase life insurance penetration is through bancassurance, according to Anuj Mathur, CEO, Canara HSBC Oriental Bank of Commerce Life Insurance. The bancassurance channel involves banks selling life insurance to their clients. “We should ensure […]
