Chairman NIA, Eddie Efekoha Leave a comment and share Chuks Udo Okonta Insurance brokers and agents received N44.16 billion commission from underwriters in 2014, Inspen reports. The amount was stated in the Nigeria Insurance Digest 2014, published by the Nigerian Insurers Association (NIA). According to the digest, Non life operators […]
Insurance
CPC to act against fake insurance policies, consumer complaints
The Consumer Protection Council (CPC), has concluded plans to address insurance products and services complains particularly, the sale of fake policies and delay in payment of claims, among others in the country. To this end, CPC is collaborating with key stakeholders in the insurance sector to proffer solutions to the […]
NIA faults Reps over N200bn insurance fraud
From left: Director Technical, Legal and Admin, Nigerian Insurers Association, Mrs Olawunmi Idewu, Chairman, Eddie Efekoha and Director-General, Sunday Thomas at the event. Leave a comment and share Chuks Udo Okonta Having been silent since the Ad-hoc Committee of the Federal House of Representatives started the probe on government’s insurance […]
NAICOM’s staff resume work, as NIA supports relocation of inspectorate unit
Leave a comment and share Chuks Udo Okonta Aggrieved staff of the National Insurance Commission (NAICOM) who embarked on strike over the relocation of the commission’s Inspectorate Department from Abuja Head Office to Lagos Control Centre, today resumed work in line with the directive given by the Federal Ministry of […]
Nigerian insurance industry capital is highest in Africa
Efekoha The Chairman of the Nigerian Insurers Association (NIA), Mr. Eddie Efekoha in this Interview with Favour Nnabugwu in Abuja, talks about the problem of one price fits it all, the position of NIA on risk based capital and the plan to move the industry forward. Excerpts What do you […]
NAICOM underscores benefits of relocating Inspectorate Department to Lagos
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) said it relocated Inspectorate Department from Abuja Head Office to Lagos Control Centre to effectively monitor Insurance firms clustered in the area and to save cost. It was also gathered that the decision to relocated the department […]
Insecurity: Insurance Firms Impose N2.3trn Premium On Nigeria-bound Ships
BABALOLA YUSUF, ZAKA KHALIQ Foreign and local ship owners as well as charterers entering Nigeria’s territorial and coastal waters are paying a whopping N2.3 trillion every year to foreign insurance companies to insure their ships against any attacks, LEADERSHIP has exclusively gathered. Findings revealed that each of the 5,000 vessels […]
Trov, the world’s first on-demand insurance for single items, launches in the UK
/PRNewswire/ — Trov (www.trov.com), the company reinventing insurance for the mobile generation, today launches its world leading on-demand insurance platform in the UK, in partnership with AXA Insurance (www.axa.co.uk). For the first time, people in the UK can easily insure just the things they care about, entirely from the convenience […]
UK raises insurance premium tax to 12 pct
Britain will raise insurance premium tax by two percentage points to 12 percent from June 2017, finance minister Philip Hammond said on Wednesday in his first Autumn Statement address to Parliament. The move represents a doubling in the tax rate on home and motor insurance premiums within the past two […]
Kanye West Allegedly Getting $30 Million Insurance Payout For Being In Hospital
Kanye West might be getting a $30 million payout from an insurance policy which covers him, the Daily Mail is reporting. The rapper allegedly took out a big money insurance policy in case an illness or an accident forced him to cancel an event or performance. The insurance policy is […]
