Leave a comment and share Chuks Udo Okonta For underwriters to uphold high professional standards they must relinquish their interest in loss adjusting; brokerage; loss assessing and pre-loss survey firms, a group has canvassed. The Fire Office Committee of the Nigerian Insurers Association (NIA) made the recommendation in a report […]
Insurance
Leadway partners NBA, provides N1m cover for members
Leave a comment and share Chuks Udo Okonta Leadway Assurance Limited has sealed a partnership deal with the Nigerian Bar Association (NBA), which will provide insurance cover up to N1 million for member of the legal profession. The deal was sealed during the week long 2017 NBA General Conference which […]
Insurers pay brokers, agents N31.56bn commission
Leave a comment and share Chuks Udo Okonta Insurance companies paid N31.56 billion as commission to brokers and agents in 2015, Inspen can report. According to a report obtained from the Nigerian Insurers Association (NIA), Non-Life operators paid N22.27 billion out of gross premium income of N178.49 billion and Life […]
Law Union & Rock Insurance appoints Sogelola as executive director
Sogelola Law Union and Rock Insurance Plc. has notified the Nigerian Stock Exchange (NSE) and the investing public of the appointment of Olasupo Sogelola as an Executive Director (Operations/Technical). The appointment has been approved by the National Insurance Commission (NAICOM)Inspen can report. Sogelola is an accomplished Executive who has over […]
Insurers in Nigeria advised against reliance on brokers
By Marianne Lehnis The tendency for most insurance brokers to focus on big ticket government business is responsible for the low level of insurance penetration in the country, the Executive Vice Chairman of Insurance Brokers of Nigeria, (IBN), Prosper Okpue, said in an interview with Financial Vanguard. The IBN executive […]
Brokers eye software to enhance regulatory compliance
From left: President of the Nigerian Council of Registered Insurance Brokers (NCRIB) Kayode Okunoren; Managing a Director Zenith-Prudential Insurance Life Limited, Chuks Igumbor; Yeside Kazeem of Prudential and Managing Director Zenith Insurance Company Limited, Ebelechukwu Nwachukwu at an event. Leave a comment and share Chuks Udo Okonta The governing board […]
Allianz acquires Ensure Insurance Plc
Leave a comment and share Chuks Udo Okonta • Allianz now present in 17 countries across Africa • Acquisition in line with Allianz’s growth ambition in Africa • Pending regulatory approvals, transaction expected to close end of 2017 Allianz Group announced today a binding agreement to acquire 98 percent of […]
Law Union & Rock Insurance records N2.76bn gross premium in half year
From left: Head Legal/Admin & Company Secretary, Law Union & Rock Insurance Plc, Stanley Chikwendu; Head Enterprise Risk Management, Monday Utomwen; Chief Marketing Officer, Steve Ajudua; Managing Director/Chief Executive Officer, Jide Orimolade; Chief Financial Officer, Olabisi Olayiwola; Head Information and Communications Technology, Boluwatife Ajewola and Head Internal Control/Audit Habib Emmanuel […]
CIIN partners UNILAG on insurance, risk management
From left: Professor Rahmon Ade Bello, Vice Chancellor, University of Lagos and Funmi Babington-Ashaye, President, Chartered Insurance Institute of Nigeria (CIIN) during a courtesy visit to the office of the Vice Chancellor of the University of Lagos. Leave a comment and share Chuks Udo Okonta The Chartered Insurance Institute of […]
Insurers to get succour as NAICOM, NSE, others harmonise accounts reporting procedure
From left: George Oneknena, Deputy Commissioner (Finance & Administration), National Insurance Commission (NAICOM); Oscar N. Onyema, Chief Executive Officer, The Nigerian Stock Exchange (NSE); Mohammed Kari , Commissioner for Insurance/Chief Executive, NAICOM; Eddie Efekoha, Chairman of Nigeria Insuers Association ( NIA) and Managing Director Consolidated Hallmark Insurance Plc; Barineka Thompson, […]
