Leave a comment and share Chuks Udo Okonta and agency report MTN, Nigeria’s leading telecommunications outfit will soon launch its micro insurance business in the country, Inspen can report. The MTN Group which recently partnered MMI Holdings to launch a micro insurance joint venture, branded aYo, said the aYo offering […]
Insurance
FG needs insurance to unlock the economy – LCCI DG
Yusuf Leave a comment and share Chuks Udo Okonta The Director-General, Lagos Chamber of Commerce and Industry (LCCI) Muda Yusuf, has called on the Federal Government to leverage insurance to unlock business opportunities in the country. Yusuf, who said this in a radio programme, noted that the government needs insurance […]
Insurers battle fraudulent claims amidst recession
From left: Head, Corporate Affairs Nigerian Insurers Association, Davis Iyasere; President National Association of Insurance and Pension Correspondents (NAIPCO) Mrs Omobola Tolu-Kusimo; Director-General, Sunday Thomas and Director Technical, Legal and Admin, Mrs Olawunmi Idewu, during a courtesy visit of Executives of NAIPCO to the association in Lagos. Leave a comment […]
Arik Air temporarily suspends operations over insurance issues
Arik Air, Nigeria’s largest airline, cancelled all flights on Tuesday in what it called a temporary disruption related to insurance renewal. While the company initially warned the disruption was likely to continue for the next few days as it awaited approval from national insurance commission NAICOM to renew its insurance […]
Insurers detect 2,500 fraudulent claims a week
The number of fraudulent insurance claims rose to 2,500 a week last year, according to industry figures. In total there were 130,000 fraudulent claims, up 6% on 2014, the Association of British Insurers (ABI) said. Dishonest motor claims remained the most common crime, accounting for over half the total. But […]
Cassava growers seek compensation for insured farmlands damage by herdsmen
Nigeria Cassava Growers Association, NCGA, has appealed to the Nigerian Agricultural Insurance Corporation, NAIC, to compensate farmers whose insured farmlands were destroyed by herdsmen in various states. President of the association, Pastor Segun Adewumi, made the appeal in an interview in Lagos, yesterday. Adewumi lamented that most of the destroyed […]
Obama tells insurers new enterprises have growing pains
WASHINGTON (AP) ” President Barack Obama says he knows that progress in reducing the uninsured rate hasn’t been without challenges. Obama says in a letter to the nation’s health insurers that most new enterprises have growing pains and opportunities for improvement, and the health insurance marketplace shaped by his health […]
NAICOM seeks support to weed out bad eggs in insurance
Kari Leave a comment and share Chuks Udo Okonta The Commissioner for Insurance Mohammed Kari, has called on the Chartered Insurance Institute of Nigeria (CIIN) to lend its support towards ridding the insurance profession of the alleged remaining bad eggs that portray the sector in bad light. Kari, called on […]
Insurers call climate change the ‘mother of all risks’
The UK is set to miss a hardly ambitious target of providing 15 per cent of the country’s energy needs from renewable sources by 2020, according to MPs. A report from the Parliamentary Energy & Climate Change Committee says that it is three quarters of the way towards a 30 […]
Efekoha suggests way forward for insurance sector
Efekoha Leave a comment and share Chuks Udo Okonta The Chairman, Nigerian Insurers Association (NIA), Eddie Efekoha, has identified human capital development and growth of reserve from annual operational profits as panacea to some maladies faced by insurance operators in recent times. Efekoha, who is the Managing Director, Consolidated Hallmark […]
