insurance and pension news
Friday, November 15, 2024
Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) in a move to ensure ethical practices in the insurance of government assets and liabilities has enjoined all Ministries, Departments and Agencies (MDAs) not to interact, engage or transact any insurance business with any insurance institution […]
Kindly leave a comment and share Chuks Udo Okonta Nigerians have continued to take refuge in life insurance as a means of wealth security for their families, as they spent N265.39 billion in nine months, amid tough economic realities. According to the National Insurance Commission (NAICOM) in a document entitled: […]
Kindly leave a comment and share Chuks Udo Okonta The Guild of Marine Surveyors has opened up space for more members to be integrated into its group life insurance scheme. President of the Guild Wale Adetoro, at an Annual General Meeting (AGM) held yesterday in Lagos, said the group life […]
I have told insurance practitioners that as long as people don’t behave well, I will not stop imposition of penalty. Commissioner for Insurance/Chief Executive Officer National Insurance Commission Sunday Thomas.
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 […]
* 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 – […]
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 […]
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 […]
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 […]
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 […]
