Thomas Those, as many as are not able to meet their obligations, either by reason of having technical insolvency or issues, we are looking at many of them but I may not be able to give you specific number of them. Commissioner for Insurance Sunday Thomas
Quotes
Post recapitalisation nugget
Sir. Oyegunle Recapitalisation: With good money, you need good thinking, to yield good return to investors. President, Chartered Insurance Institute of Nigeria, Sir. Muftau Oyegunle
When claims settlement becomes the judge
Sunday Thomas I believe that the recapitalisation will be the leveler because we are going to factor in all those outstanding claims before we adjudge any company as having met requirement. There is what we call age analysis and this ensures that if you have claims that have been more […]
Touching lives when it matters
Babatunde Fajemirokun This endeavour is reflective of our corporate culture of touching lives and impacting communities. These are challenging times and we are mindful of the impact. We have a long-term plan in place to ensure the sustainability of these efforts. Managing Director AIICO Insurance Plc, Babatunde Fajemirokun
Promoting insurers, media practitioners relationship
Ebose Augustine The Insurance Journalists must know the challenges the insurance practitioners are facing and therefore, learn to be on the part of ensuring growth for them rather than embark on any destructive journalism. Afterall, what will the Insurance Journalists gain if an insurance organisation sinks as a result of […]
Managing unforeseen circumstances
Obasanjo Insurance is like a nation’s army whose roles are most appreciated during the period of war or unforeseen circumstances threatening lives and property. Former President, Chief Olusegun Obasanjo
Re-thinking strategy, bracing up for recapitalisation
Adeleke Insurers have enough time to consider embracing the window of merger and acquisition. Irrespective of what the economy and pandemic are saying, operators should brace-up, re-think their strategy, refocus their plans and hit the ground running. Managing Director Lancelot Ventures Limited, Adebayo Adeleke
Tasks before Commissioner for Insurance
Smart Once again, let me use this opportunity to congratulate the new Commissioner for Insurance, Sunday Thomas on his appointment as the Commissioner for Insurance. He is a thorough bred professional and a round peg in a round hole. For me, his priority should be market development. He should come […]
Supporting motor insurance policyholders amid COVID-19 lockdown
Opadokun “Due to the lockdown, driving habits changed as many people stayed at home. As a result of this, risk exposure on motor vehicles were significantly reduced as frequency of usage was near zero. We are an organisation keen to satisfying and appreciating our clients. We have therefore introduced this […]
And NAICOM says no
Acting Commissioner for Insurance, Sunday Thomas It is amazing, as some people still say we do not know why NAICOM should restrict our investments in property. To the extent that the industry mobilized FMDQ to appeal to us to loosen the provision of the law. It must not be done […]
