The third quarter results released by STACO Insurance Plc revealed that the company has paid the total sum of N1.445 billion Claims to her various clients between January and September 2016. This is about 9.1 per cent increase in claims paid compared with the corresponding period of 2015 where the […]
Insurance
Economic impasse pushes insurance claims up
Efekoha Leave a comment and share Chuks Udo Okonta The economic situation has forced insurance companies to pay out more claims this year compared to previous years, the Chairman, Nigerian Insurers Association (NIA), Eddie Efekoha, has said. He said this at a media parley in Lagos, adding that the exchange […]
A.M. Best Affirms Credit Ratings of AXA Mansard Insurance Plc
LONDON–(BUSINESS WIRE)–A.M. Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb-” of AXA Mansard Insurance Plc (AXA Mansard) (Nigeria), the majority-owned subsidiary of AXA S.A. (AXA). The outlook of these Credit Ratings (ratings) is positive. The positive outlook of […]
NIA calls for payment of premium as FG reviews group life insurance scheme
Thomas Leave a comment and share Chuks Udo Okonta As the Federal Government plans to review the current Group Life Assurance Scheme from an annual policy to a long term policy, the Nigerian Insurers Association (NIA) has said payment of premium is most critical for the plan to be successful. […]
A.M. Best Affirms Credit Ratings of Custodian and Allied Insurance Limited
LONDON–(BUSINESS WIRE)–A.M. Best has affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bb” of Custodian and Allied Insurance Limited (CAI) (Nigeria). The outlook of the FSR remains stable whilst the outlook for the Long-Term ICR remains positive. CAI is the […]
Royal Exchange General Insurance pays N1.68bn claims in third quarter 2016
Agili Leave a comment and share Chuks Udo Okonta Royal Exchange General Insurance Company, (REGIC), one of Nigeria’s foremost underwriter with a focus on General and Special Risks, says it paid N1.683 billion as claims to clients as at the end of third quarter 2016. The Managing Director of REGIC, […]
Mutual Benefit hosts NCRIB members’ evening
Mutual Benefit hosts NCRIB members’ evening Leave a comment and share Chuks Udo okonta Okunoren Mutual Benefit Assurance Plc, will host the December edition of Nigerian Council of Registered Insurance Brokers (NCRIB) Members’ Evening, holding on Tuesday, December 13, 2016, at 58, Moleye Street, Alagomeji, Yaba, Lagos. Time is 3.00pm. […]
ARIAN unveils new logo, as publisher Inspenonline wins award
Leave a comment and share Chuks Udo Okonta The Association of Registered Insurance Agents of Nigeria (ARIAN) today Wednesday, unveiled a new logo, a move aimed at strengthening its brand. The association also at the event in Lagos, presented awards to distinguished companies and individuals for their roles toward insurance […]
CIIN to withdraw certificates from errant holders
Deputy President, Chartered Insurance Institute of Nigeria, Mrs Funmi Babington-Ashaye and Chairman, Nigerian Insurers Association, Eddie Efekoha at the event in Lagos. Leave a comment and share Chuks Udo Okonta The Chartered Insurance Institute of Nigeria (CIIN) has threatens to withdraw the certificates of members who breach the examination process […]
NAICOM introduces new insurance distribution channels
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) says it is introducing new channels of distribution in the country to help deepened insurance penetration. A statement by Head, Corporate Affairs NAICOM, Rasaaq Salami, stated that the Commission has created new distribution agencies to be known […]
