Last year was really good for Cornerstone Insurance Plc as its revenue soared significantly moving from N2.9 billion in 2022 to N17 billion at the end of 2023. The Managing Director/Chief Executive Officer of the Frontline underwriting firm, Stephen Alangbo, is hopeful that better days are ahead for the company. […]
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NAICOM board names 5 directors, Rasaaq Salami heads Human Resources & Administration
Kindly leave a comment and share Chuks Udo Okonta The Governing Board of the National Insurance Commission (NAICOM) at its meeting held on June 21, 2024, approved the promotion of five staff to the grade of Director following the promotion exercise conducted on March 27, 2024. The new Directors are: […]
Practitioners applaud Omosehin, Ilori’s contributions to insurance growth
Kindly leave a comment and share Chuks Udo Okonta Insurance industry practitioners and dignitaries from different sectors of the economy have applauded the tremendous contributions made by the immediate past Chairman of Nigerian Insurers Association (NIA), now Commissioner for Insurance Olusegun Omosehin, and outgoing Director-General of the Nigerian Insurers Association, […]
Your money dey for N20.23tn pension fund assets
Photos: Faces at ongoing sendforth ceremony of Olusegun Omosehin, Mrs. Yetunde Ilori in Lagos
African Alliance settles N43.4bn under Dr. (Mrs.) Joyce Ojemudia
Kindly leave a comment and share Chuks Udo Okonta African Alliance Insurance Plc, paid over N43.4 billion claims under the leadership of the immediate past Managing Director/CEO Dr. (Mrs) Joyce Ojemudia. Dr. (Mrs) Joyce Ojemudia, who has resigned from the underwriting firm since June 7, 2024 having worked there for […]
High cost of incorporating broking firm affects deepening insurance penetration – Agboola
*No brokers presence in 16 states Kindly leave a comment and share Chuks Udo Okonta As the search for means to deepen insurance penetration continues, the Managing Director Peerless Management & Solutions Limited and former Director, National Insurance Commission (NAICOM) Agboola Pius, has said the cost incurred on incorporating a […]
Brokers storm markets for insurance education
Kindly leave a comment and share Chuks Udo Okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) has adopted persuasion strategies and visitations to major markets to create more awareness for insurance products among artisans, commercial transporters and market men and women. In a bid to reduce the devastative effect […]
NAICOM’s harmer dangles on African Alliance Insurance over default in annuity payment, claims
Kindly leave a comment and share Chuks Udo Okonta Following increased complaints by annuitants and insurance claimants against African Alliance Insurance Plc in respect of the company’s delay and/or inability to fulfill its obligations, the National Insurance Commission (NAICOM) has given marching orders to the company to resolve and ensure […]
PFOs retain N251.31bn operating capital, as pension assets soar to N20.23tn
Kindly leave a comment and share Chuks Udo Okonta Pension Fund Operators (PFOs) have invested N19.97 trillion of the N20.23 pension fund assets, leaving an operating capital of N251.31 billion, Inspenonline can report. The National Pension Commission (PenCom) stated this in Unaudited Report on Pension Funds Industry Portfolio for the […]