Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) and the Nigerian Council of Registered Insurance Brokers (NCRIB) have told insurance operators to stop lamenting on withholding of premium beyond 30 days by erring brokers, but should report them for necessary sanctions. Worried about the […]
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Insurance sector’s gross premium written soars to N729.1bn in Q3, 2023
* Net claims N259.0bn Kindly leave a comment and share Chuks Udo Okonta Insurance companies in the third quarter of this year 2023, recorded a gross premium written of N729.1 billion, the National Insurance Commission (NAICOM) has said. NAICOM in a document entitled: Nigerian Insurance Market at a Glance – […]
Coronation Insurance holds webinar to spotlight key partner for business success in challenging environment
Kindly leave a comment and share Chuks Udo Okonta Coronation Insurance Plc, has sustained its awareness campaign, as all is set for another webinar which would help spotlight insurance as key partner for business success in a challenging environment. The underwriting firm in a statement, said the enriched webinar with […]
Why only selfless people willingly buy insurance
Kindly leave a comment and share Chuks Udo Okonta Aside compulsory insurances, only selfless people willingly buy other insurance products to mitigate their risks and those around them. To be selfless entails loving your neighbour as yourself, just as the holy commanded. As insurance is an intangible product and an […]
Insurance givers never lack
Kindly leave a comment and share Chuks Udo Okonta Do you know that insurance givers are those who contribute the money – premium used to cater for the needs of those that suffered risks? Those who pay insurance premium are not only securing themselves from risks, but helping humanity, hence […]
Credit note: Insurers battle non-remittance of premium amid no premium no cover policy
Kindly leave a comment and share Chuks Udo Okonta Some concerned insurance operators have cried out over their plights in the hands of erring brokers who issue credit notes and refuse to remit premium as stated in the law. The aggrieved underwriters said the No Premium No Cover policy is […]
Average premium rate for third party was N2,000 for years 2020 – 2022 – NIA
Kindly leave a comment and share Chuks Udo Okonta The Nigerian Insurers Association (NIA) has decried how insurers through unethical practices suffered huge loses as statistics showed that an average premium rate for third party motor was N2,000 as for the years 2020 – 2022, as against the statutory N5,000. […]
Why you should design your retirement product
NCDMB to host 2023 practical Nigerian content forum
Kindly leave a comment and share The 17-story Nigerian Content Tower (NCT), Headquarters of the Nigerian Content Development and Monitoring Board (NCDMB), Swali, Yenagoa, is set to host oil and gas industry eggheads and policy makers as the yearly Practical Nigerian Content (PNC) Forum 2023, 12th edition, kicks off on […]
NCRIB Lagos Area Committee, Insurfeel Initiative partner on donation of insurance policies to students
Kindly leave a comment and share Chuks Udo Okonta Lagos Area Committee of the Nigerian Council of Registered Insurance Brokers (NCRIB) and Insurfeel Initiative are partnering on promotion of insurance education through donation of free policies tagged, School Care Cover to students. The partnership would enable deserving students enjoy free […]