Kindly leave a comment and share Insurance promises full compensation when claims occur; however, several factors may prevent insured individuals from receiving the full payout. These factors include policy excess, deductibles, single-article limits, and most notably, underinsurance. Underinsuring risks is a common practice among many policyholders. Often done without a […]
Insurance
UNILAG 1994 graduates of Actuarial Science & Insurance stock departmental office, grants six students bursary award
Kindly leave a comment and share Chuks Udo Okonta The University of Lagos 1994 graduates of Actuarial Science & Insurance have stocked the departmental office, with new sets of furniture, installed a modern photocopying machine and grants bursary award of N200,000 each to six excellent students. The President of the […]
Heirs Insurance Group releases thrilling Web Drama ‘The Underwriters’
Kindly leave a comment and share Chuks Udo Okonta Heirs Insurance Group, Nigeria’s fastest-growing insurance group, has released its new web drama titled “The Underwriters” on its YouTube channel—the first insurance-themed web series in Africa. Unveiled in time for the holidays, the web series is part of the Group’s “Unwrapping […]
Leadway Holdings champions festive safety with ‘December On-Lock Campaign
Kindly leave a comment and share Chuks Udo Okonta Leadway Holdings, Nigeria’s foremost non-banking financial services group, is once again prioritising the safety of its customers and the risk protection of their belongings through its annual December On-Lock campaign. Now in its third year, this initiative reaffirms Leadway’s dedication to […]
African Alliance annuitants get August pension payment, as firm shutdown annuity business
Kindly leave a comment and share Chuks Udo Okonta African Alliance Insurance Plc, yesterday released fund for payment of August 2024 pension benefits to its annuitants. This is as the firm has shutdown its annuity business in line with the mandate given by the National Insurance Commission (NAICOM) and National […]
Coronation Insurance drives positive impact through corporate social responsibility initiatives
Kindly leave a comment and share Chuks Udo Okonta Coronation Insurance has reaffirmed its commitment to community development with two impactful initiatives: the donation of school supplies to St. George’s Boys School, Ikoyi and the renovation of the Transforming Lives and Communities Initiative (TLCI) Library in Ajegunle. These projects, undertaken […]
Cybersecurity Threats: Why Data and Cyber Security is Critical for the Insurance Industry
Kindly comment and share In today’s interconnected digital world, the Insurance industry has become a prime target for cybercriminals. With vast amounts of sensitive customer data, including financial information, personal details, and even medical records, Insurance companies face an unprecedented level of risk. As cyberattacks become increasingly sophisticated, the consequences […]
Senate passes Insurance Consolidated Bill, pegs non-life capital at N15bn, life N10bn, reinsurance N35bn
*NAICOM hails passage Kindly leave a comment and share Chuks Udo Okonta The Senate has passed the Insurance Consolidated Bill which seeks to increase the minimum capital for non-life insurance companies operating in Nigeria from N3 billion to N15 billion; life, N2 billion to N10 billion and reinsurance, N10 billion […]
Nkechi Moore: Painful exit of a great pillar of PILA
Kindly leave a comment and share By Tope Adaramola The news hit the entire insurance industry like a thunderbolt in the wind, causing ripples of awe and disbelief in several quarters. It’s just pretty difficult to bear that the admirable and affable Lady Nkechinyere Moore is no more. More shattering […]
Africa Insurance Women Association President Lady Margaret Moore has passed on
Kindly leave a comment and share Chuks Udo Okonta The President of Africa Insurance Women Association (AIWA) and past President of Professional Insurance Ladies Association of Nigeria (PILA) Lady Margaret Moore is dead. Her death was announced on a Facebook platform – Insurance Practitioners Forum in Nigeria. According to the […]