Insurance helps in the transfer of risks through payment of premium. It is therefore unimaginable to see motorists with valid insurance policies, which have enabled them transferred their risks to insurers, begging on the road when their vehicles hit other motorists. Chuks Udo Okonta in this report writes on how […]
Insurance
Okada riders to claim N1m third party damage with N3,000 policy
Kindly leave a comment and share Chuks Udo Okonta What problem can N3,000 solve in present day Nigeria? This question may be very difficult for many people to answer, but for insurers N3,000 can save a motorcyclist from fighting and begging when there is a damage on a third party […]
African investor, SUNU Group Chairman dies at 81
Kindly leave a comment and share Chuks Udo Okonta SUNU Group Management has announced the demise of the Founder and President of SUNU Group, Pathé DIONE. He passed away on Thursday January 12, 2023 at the age of 81 years. Pathé DIONE was an investor and eminent actor in the […]
Motorcycle underwriting to yield over N60bn premium yearly for insurers
Kindly leave a comment and share Chuks Udo Okonta Insurance operators stand to reap over N60 billion premium yearly from motorcycle underwriting business if they are able to provide cover for the over 20 million motorcyclists in the country. According to the President, National Commercial Motorcycle and Tricycle Owners and […]
Insurer sells third party vehicle policy for N8,000 in licensing office
Kindly leave a comment and share Chuks Udo Okonta An insurer is selling third party vehicle insurance policy at N8,000 at a licensing office as against stipulated N15,000 by the National Insurance Commission (NAICOM), Inspenonline can report. Posing as if he wants to buy a policy, our reporter called an […]
Heirs Life takes robust services to Benin, Onitsha, Port Harcourt, eight other cities, eyeing uninsured public
Kindly leave a comment and share Chuks Udo Okonta Heirs Life Assurance (HLA), said it recently opened eleven additional retail offices nationwide to better serve its growing number of customers across the country. A statement by the firm’s Communications Manager, Timilehin Adebiyi, stated that the company attributes this rapid expansion […]
20-year-old N5,000 third party vehicle insurance premium not good for today’s risks – Experts
Kindly leave a comment and share Chuks Udo Okonta Insurance experts have implored Nigerians motorists to embrace the new premium and claims regime as the old N5,000 cost for third party vehicle insurance fixed in 2003, which is 20-year ago could no longer meet the present requirements for mitigating risks […]
Royal Exchange General Insurance Company appoints Ebelechukwu Nwachukwu as Managing Director
Kindly leave a comment and share Chuks Udo Okonta The Board of Directors of Royal Exchange General Insurance Company Limited, has announced the appointment of Mrs. Ebelechukwu Benedicta Nwachukwu as the Managing Director/Chief Executive Officer (MD/CEO) of the company, following the confirmation of her appointment by the industry regulator, the […]
Sanlam Life assures policyholders great value in 2023
Kindly leave a comment and share Chuks Udo Okonta Sanlam Life Insurance Nigeria Limited, formerly FBNInsurance, has once again reiterated its commitment to delivering best-in-class service to its teeming customers in 2023. The Managing Director/CEO of the company, Tunde Mimiko, gave the assurance in a new year message sent to […]
Mohammed Kari becomes new Waziri of Bauchi
Kindly leave a comment and share Chuks Udo Okonta The immediate past Commissioner for Insurance and Chief Executive Officer, National Insurance Commission (NAICOM) Alh. Mohammed Kari has been appointed as the new Waziri of Bauchi by the Emir of Bauchi His Royal Highness, Dr. Rilwanu Suleiman Adamu CFR. The title […]
