On 17 January 2018, the President of the Republic of South Africa signed the Insurance Bill into law. Inter alia, the now Insurance Act, 2017, provides a consolidated legal framework for the prudential supervision of the insurance sector that is consistent with international standards for insurance regulation and supervision, and […]
Insurance
Insurance agents to explore opportunities in microinsurance
Leave a comment and share Chuks Udo Okonta Insurance agents hope to collectively examine the recently released revised guideline on microinsurance and determine how to maximize opportunities therein. The Chairman in Council, Association of Registered Insurance Agents of Nigeria (ARIAN) Gbadebo Olameru, told this medium that the body will sit […]
CHI rights issue attains 100.09% success
Efekoha Leave a comment and share Chuks Udo Okonta Shareholders of foremost Insurer, Consolidated Hallmark Insurance (CHI plc) have affirmed their full support for, and confidence in the operations of the organisation with a 100.09 per cent subscription of the recent Rights Issue that set out to raise N500 million […]
‘Insurance low penetration shows humongous growth potentials’
Leave a comment and share Chuks Udo Okonta The insurance industry is a green field waiting to be harvested, even as the low penetration shows clearly the humongous growth potential, Chairman, Law Union & Rock Insurance Plc, Remi Babalola, has said. He noted in a paper entitled: ‘The Future Today […]
Unmanaged IT deployment threat to brokers, insurers relationship – Expert
Leave a comment and share Chuks Udo Okonta Insurers and brokers have been urged to effectively manage the deployment of information technology so that it would not create strains on their relationship. The Past President, Nigerian Council of Registered Insurance Brokers (NCRIB), Kayode Okunoren, said this in a paper entitled: […]
Microinsurance creates opportunities for retired insurance professionals- Experts
Leave a comment and share Chuks Udo Okonta The revised microinsurance guideline recently issued by the National Insurance Commission (NAICOM) has opened doors of opportunities for retired and retiring insurance professionals, experts have said. According to them, the categorization of the microinsurance business would enable the professionals, especially managing directors […]
Royal Exchange Prudential Life to deploy robust retail marketing strategy
Banmore Leave a comment and share Chuks Udo Okonta Royal Exchange Prudential Life Assurance (REPLA) has been urged to focus on customer service excellence, among other major initiatives, in its quest for market leadership and enhance the company’s status as a dominant player in the life insurance industry in the […]
Anchor Insurance appoints Nsimah as acting managing director
Nsimah Leave a comment and share Chuks Udo Okonta Anchor Insurance Company Limited has announced the appointment of Nsimah Jeremiah as the Acting Managing Director/ Chief Executive Officer with effect from December 15, 2017. This was contained in the press release by Head, Brand and Corporate Communications of the Company, […]
Controversial group life rate remains at 6.8% to 1000
Leave a comment and share Chuks Udo Okonta Controversies on amounts to be charged on group life insurance which in recent years has set underwriters apart has been put to rest as the National Insurance Commission (NAICOM) has retained the rate at 6.8 per cent to 1000. NAICOM in a […]
Old Mutual Nigeria enabling positive future for customers
Leave a comment and share Chuks Udo Okonta Old Mutual entities in Nigeria are transforming the local insurance industry by leveraging rich history, global expertise and human capital backed with commitment rooted in trust to provide positive future for customers. Old Mutual General Insurance Company Nigeria Limited and Old Mutual […]
