Aig-Imoukhuede, By Ediri Ejoh THE Chairman of Wapic Insurance Plc, Mr. AigbojeAig-Imoukhuede, has called for increase in the capital base of insurance companies in the country to N100 billion. Aig-Imoukhuede, who called for the increment at the KPMG Insurance Conference 2017 held in Lagos, said the current capital base does […]
Insurance
Nigerian Re, Continental Re scramble for 30% reinsurance business
Leave a comment and share Chuks Udo Okonta Nigerian Reinsurance Plc, WAICA Reinsurance and Continental Reinsurance Plc, are presently scrambling for 30 per cent of Nigerian reinsurance business, Inspen has learnt. According to an expert who does not want to be named, Africa Re is dominating the market with controlling […]
Babington-Ashaye launches book on insurance
Mrs Babington-Ashaye Leave a comment and share Chuks Udo okonta The Insurance industry is set to witness a historic event on March 22, 2017. On that day, at the auditorium of NIIA, Victoria Island, an insurance book titled, “Insurance in Practice – What you need to know about Insurance in […]
Thousands of Londoners hit by increase in National Insurance rates for self-employed
Tax hike: Chancellor Philip Hammond Getty Images By KATE PROCTOR London and the South-East will be hit hardest by Chancellor Philip Hammond’s tax rises. His reforms to National Insurance contributions for the self-employed could affect 1.5 million people across the region. In London, 850,000 people are registered as self-employed — […]
Insurance Sector Loses N106bn Annually
By ZAKA KHALIQ, Lagos A data sourced from the Nigerian Insurers Association (NIA) shows that there are about 16 million vehicles on roads across the country, with only four million of them having genuine Third Party cover. This, leaves 12 million vehicles uninsured or parading fake insurance papers. Third Party […]
RBS: Insurance Big Wigs Storm International Markets, Woo Investors
By Ebere Nwoji As the insurance Industry regulatory body, the National Insurance Commission prepares to enforce the regime of the Europe -adopted Risk Base Supervision model in Nigeria, most sector operators have stormed foreign investment markets in search of foreign partners for mergers and acquisitions. The operators also said their […]
Zenith Insurance girl wins 2017 miss insurance pageant
Miss Ezekiel receiving the crown from the 2016 Miss Insurance Adaeze Okeke Leave a comment and share Chuks Udo Okonta Zenith Insurance General Limited member of staff, Miss Ezekiel Precious, has emerged winner of the 2017 Miss Insurance Beauty Pageant, Inspen can Report. Precious, was announced winner this morning at […]
Budget 2017: ‘Disarray’ over National Insurance rises
Labour’s shadow chancellor says the government is in disarray after Theresa May said Budget tax rises would not go before MPs until the autumn. John McDonnell called it a “partial U-turn” over National Insurance increases for self-employed workers. Prime Minister Mrs May defended the change as “fair”, amid a backlash […]
57 Insurance Firms Yet to Secure NAICOM’s Approval for 2016 Financial Statements
Ebere Nwoji Only two out of existing 59 insurance firms and two reinsurance companies have secured approval for their 2016 financial statements by the insurance industry regulatory body, the National insurance Commission (NAICOM). THISDAY checks also revealed that five firms are still battling to secure the commission’s approval for their […]
SureBüddy brings sponsored cover to Uganda with new insurance App
PRESS RELEASE Uganda, a country with a high smartphone penetration, is the first-to-market for SureBüddy SureBüddy an android application that has today launched into market, brings sponsored insurance and insurance related products to Uganda. SureBüddy is simple and easy to use – the app renders advertisements, the consumer watches the […]
