Kari Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has attributed the infiltration of quarks in insurance business to absence of insurance brokers at rural areas in the country. According to the Commissioner for Insurance, Mohammed Kari, who spoke at the just concluded 2016 Insurance […]
Insurance
Exit of managing directors over tenure policy ‘ll create big vacuum – NCRIB
Okunoren Leave a comment and share Chuks Udo Okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) has said the implementation of the code of corporate governance which mandates a Managing Director and Executive Director to leave on the attainment of 10 years in office will create a big vacuum […]
NAICOM urges brokers to tap opportunities at grassroots
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has called on insurance brokers in the country to move from their comfort zones in the cities and extend operations to areas where there is no insurance presence at the moment. The Commissioner for Insurance, Mohammed Kari, […]
REBUTTAL RE: “WHEN THE CIIN LIES TO ITSELF” AND “CIIN MUST COME TO THE RESCUE OF THE INSURANCE INDUSTRY”
Kari Our attention was drawn to recent circulations on the authenticity of the ACII qualifications of Mohammed Kari, the Commissioner for Insurance of the Federal Republic of Nigeria by an obscure collection of faceless persons called ‘’Concerned Insurance Professionals.’’ From our conclusion,this allegation is a baseless misinformation aimed at maligning […]
Insurance could be helpful mechanism
Meraz Mostafa Climate risk insurance is increasingly being put forward as a viable solution to helping those suffering losses and damage from climate change, according to a panel at COP22 in Morocco. The panel yesterday explored how micro-insurance could be used to help the poorest face extreme weather-events related to […]
Fitch: US Health Insurance Market Faces Big Change with Trump
Trump (The following statement was released by the rating agency) CHICAGO/NEW YORK, November 09 (Fitch) The US Federal election, which saw Donald Trump win the presidency and the Republican Party retain control of both houses of congress, will significantly increase the probability of the repeal and replacement of the Affordable […]
NIA positions for risk based supervision regime
Director-General of Nigerian Insurers Association (NIA), Mr. Olorundare Sunday Thomas, Lead, Business Development, Alexander Forbes, South Africa, Schalk van Tonder, Deputy Chairman of NIA, Mrs. Yetunde Ilori and Chairman of the Association, Mr. Eddie Efekoha at the One-day Workshop on Risk-Based Capital organised by the NIA. Leave a comment and […]
Family of dead miner lose bid to claim his life insurance after payroll mistake
The family of Wayne Fowlie, who died at a Goldfields mine site in 2014, has lost their fight to have his life insurance paid out after a payroll error by his employer caused his policy to be cancelled just weeks before his death. Mr Fowlie died at Central Norseman Gold’s […]
Transfer of over N145.05bn retirees’ fund ‘ll de-market annuity business – NIA
Leave a comment and share Chuks Udo Okonta Nigerian Insurers Association (NIA) says the circular issued by the National Pension Commission (PenCom) to life insurance operators to transfer over N145.05 billion annuity fund in their kitty to Pension Fund Custodians (PFCs) would pull down annuity business. A top management officer […]
Ghana’s NHIS is the best in Africa – Mahama
Mahama President John Mahama has hailed Ghana’s health insurance scheme, describing it as the best on the African continent. According to him, some of the services offered by the NHIS are unrivaled, even in some western countries. The President said “Ghana has the best health insurance in the whole of […]
