From left: The Executive Secretary of the Nigerian Council of Registered Insurance Brokers, Fatai Adegbenro and President Shola Tinubu at the event. Leave a comment and share Chuks Udo Okonta The newly elected President of the Nigerian Council of Registered Insurance Brokers (NCRIB), Shola Tinubu, has pledged to streamline the […]
Insurance
NIA shops for underwriters with entrepreneurial mind sets
NIA Chairman, Eddie Efekoha Leave a comment and share Chuks Udo Okonta Underwriters with entrepreneurial mind sets are required to move the insurance industry forward, the Fire Offices Committee (FOC) of the Nigerian Insurers Association (NIA), has canvassed. The Committee in a report submitted to the association, maintained that such […]
More Takaful companies coming – NAICOM
Kari Leave a comment and share Chuks Udo Okonta Having successfully licensed two wholly Takaful companies, the National Insurance Commission (NAICOM) says more will soon be established as it is presently processing applications submitted by some investors. The Commissioner for Insurance Mohammed Kari, who disclosed this yesterday at the launch […]
Emir Sanusi launches Islamic insurance in Kano
The Emir of Kano, Alhaji Sanusi Lamido II departing after a closed-door meeting with Ag. President Yemi Osinbajo at the VP’s Wing, Presiidential Villa, Abuja. Photo by Abayomi Adeshida The Emir of Kano, Malam Muhammad Sanusi 11, today, Monday in Kano, launched Islamic insurance, tagged ‘Jaiz Takaful Insurance’. According to […]
It’s cheaper to have marine insurance than pay fine for default — Leadway Assurance
In this interview, Executive Director, General Business, Leadway Assurance, Ms. Adetola Adegbayi spoke on why importers should have insurance for their cargoes. By Rosemary Onuoha WHY is fake insurance still thriving in marine business? The Nigerian Insurers Association, NIA, is working hard to come up with the marine module of […]
NAICOM, PenCom, Leadway Assurance win NAIPCO awards
Leave a comment and share Chuks Udo Okonta The National Association of Insurance and Pension Correspondents (NAIPCO) 2017 awards, were won by 23 outstanding insurance and pension operators as well as the insurance and pension regulators for their outstanding performance in their respective sectors. At the 2nd NAIPCO National Conference, […]
Insurers lose huge premium revenue to installment payments
Leave a comment and share Chuks Udo Okonta The Fire Committee of the Nigerian Insurers Association (NIA) has decried the loss of huge premium revenue by insurance companies to installment payments by policyholders. The committee stated in a report presented to the association that installment payment by policyholders usually result […]
Woman to get insurance claim of car stolen 11 years ago
A consumer court has directed a private company, an insurer, to pay the insurance money to a Delhi resident whose car was stolen in 2006 in Meerut. Draupadi Tuteja’s Maruti 800 car, which was insured by Oriental Insurance Company, went missing on October 1, 2006. However, instead of repeated reminders, […]
Financial regulator and insurers told to seize Brexit opportunities
Nicky Morgan, chair of the Treasury Select Committee (PA) MPs are urging the financial regulator to forge a closer relationship with the £1.9 trillion insurance industry to stop the UK missing out on the benefits of Brexit. The Prudential Regulation Authority (PRA) has been told to settle its differences with […]
Average UK motor insurance prices hit highest since 2012- ABI
(Reuters) – The average price of motor insurance in Britain jumped 10 percent in the third quarter of the year, taking premiums to their highest level since 2012, the Association of British Insurers (ABI) said. Premiums rose to 485 pounds ($642) in the quarter, 45 pounds higher than a year […]
