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 […]
Insurance
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 […]
NAICOM pegs microinsurance capital base at N600m, N100m, N40m
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) today released a revised guideline on Microinsurance operations which classified the business into Unit having N40 million capital base, State, N100 million and National, N600 million. A statement by its Head Corporate Affairs, Rasaaq Salami, said the […]
NAICOM retains premium for private motor at N5,000 in new rate
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) in a new rate for the transaction of insurance business issued today retained premium for private motor at N5,000 contrary to expectations that it may go up due to current realities. The approved rates for compulsory classes […]
China launches first specialist insurance company on technology
China’s insurance regulator has approved the launch of Taiping Technology Insurance, the country’s first ever insurer to specialize in offering services to the technology sector. China Insurance Regulatory Commission (CIRC) has issued the approval for China Taiping Insurance Group to launch the technology insurer, according to a CIRC statement. Headquartered […]
CIIN celebrates insurance elders
Leave a comment and share Chuks Udo Okonta The Chartered Insurance Institute of Nigeria (CIIN) today gathered elders in the insurance industry to honour them for their contributions to the growth of the sector. Its President, Mrs. Funmi Babington-Ashaye, at the event in Lagos said, the Elders Forum was established […]
NCRIB leverages LCCI, NGBA to deepen insurance penetration
From left: Assistant executive Secretary, Nigerian Council of Registered Insurance Brokers (NCRIB), Tope Adaramola; Executive Secretary/CEO, Fatai Adegbenro; Director General, Nigerian-German Business Association (NGBA), Gbenga Adebija and Media and Public Relations Officer, NGBA, Mrs Oluwaseyi Sodeinde during a courtesy visit of NCRIB to NGBA in Lagos. Leave a comment and […]
FBNInsurance wins global award
From left: Paul Richardson of World Finance; Adenrele Kehinde, Chairman and Val Ojumah, Managing Director/Chief Executive Officer, both of FBNInsurance, at the presentation of the Award as the Best Life Insurance Company in Nigeria to FBNInsurance recently in London. Leave a comment and share Chuks Udo Okonta FBNInsurance has again […]
