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Universal Insurance settles N3bn claims in 2024
Kindly leave a comment and share Chuks Udo Okonta Universal Insurance Plc has paid out a total of N3 billion as claims to policyholders that suffered losses during the period under review. According to the company the payment was made between January 2024 to December 2024. Reacting, Dr Jeff Duru, […]
International Energy Insurance free from Daewoo loan, posts N5.1bn gross premium growth
* To recapitalise to N15bn Kindly leave a comment and share Chuks Udo Okonta International Energy Insurance (IEI) Plc has concluded its 44th Annual General Meeting (AGM) on April 10, 2025, at the Haitel Hotel Dutse, Jigawa State, marking a pivotal moment in the company’s strategic direction. The 44th AGM […]
NAIC names Florence Onwuanuokwu Acting Managing Director, as Folashade Joseph retires
Kindly leave a comment and share Chuks Udo Okonta The Nigerian Agricultural Insurance Corporation (NAIC), has announced the retirement of its Managing Director/Chief Executive Officer Mrs. Folashade Joseph and handing over of responsibilities to Mrs. Florence Onwuanuokwu General Manager (Underwriting) in acting capacity as Managing Director/CEO. The Deputy General Manager […]
Concerned operators seek NAICOM intervention in taming activities of insurance commission racketeers
Kindly leave a comment and share Chuks Udo Okonta Concerned insurance brokers have called on the National Insurance Commission (NAICOM) to quickly intervene in curbing the activities of insurance commission racketeers who are presently making business unbearable for genuine operators. The concerned operators who spoke with Inspenonline said NAICOM should […]
Selling insurance as savings tool, not risk mitigation product
Kindly leave a comment and share Chuks Udo Okonta The desire to save money is one of the things that has endeared most people to the banks and this is also one of the reasons the banking sector is richer and bigger than the insurance industry. Looking deeply into the […]
NAICOM pushes embedment of risk management in governance, public policy to engender national development
*CFI, CEOs of NSIA Insurance, Sovereign Trust, Chairman NEM Insurance bag RIMSON’s fellow status Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has said risk management should be embedded in governance, infrastructure planning, enterprise development, and public policy to engender national growth and development. […]
Photos: Faces at ongoing RIMSON 40th anniversary celebration in Lagos
NLNG insurance team explores opportunities with NIA
Kindly leave a comment and share Chuks Udo Okonta The Nigeria Liquefied Natural Gas (NLNG) insurance team on Tuesday, April 8, 2025, paid a strategic familiarization visit to the Director General of the Nigerian Insurers Association(NIA). The visit, led by Dr. Adetayo A. John-Fishers, MD of First Standard Insurance Brokers […]
PenCom DG to IMF: N5.51tn pension investment boosting Nigeria’s real sector growth
Kindly leave a comment and share Chuks Udo Okonta The Nigerian pension industry has committed a total of N5.51 trillion to asset classes that support long-term financing for real sector growth. These investments span infrastructure, private equity vehicles, real estate, and subnational infrastructure initiatives, among others. The Director General of […]
