Kindly leave a comment and Chuks Udo Okonta Mrs. Ebere Nwoji of Thisday Newspaper has emerged winner of the maiden edition of the award for insurance journalists being sponsored by the National Insurance Commission, (NAICOM). Nwoji was announced as the winner at the seminar for insurance journalists organised by NAICOM […]
Insurance
NAICOM to blacklist unknown players in insurance sector
Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission, (NAICOM) said it is promoting the development of products and business models that meet the needs of the financially excluded group. Commissioner for Insurance, Mr. Sunday Thomas disclosed this at a seminar for insurance journalists in Lagos […]
NAIPCO is now NAIPE
Kindly leave a comment and share The National Association of Insurance and Pension Correspondents (NAIPCO) has transformed into Nigerian Association of Insurance and Pension Editors (NAIPE). The transformation came on the heels of a new logo identity which was unveiled at the 7th edition of NAIPCO annual conference in Lagos. […]
NAICOM fumes over insurers’ inability to harness opportunities across states
Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has expressed misgivings over underwriters’ inability to harness opportunities created from its engagements with state governments in enforcing compulsory insurances. The Commissioner for Insurance Sunday Thomas, said this in his keynote address at the investiture of […]
Africa Re prepares insurers for underwriting of $256bn projected agric business in Nigeria
Kindly leave a comment and share Chuks Udo Okonta To enable insurance firms harness opportunities in the USD256 billion Nigeria projected agriculture production by 2030, Africa Reinsurance Corporation, has sustained its determination to train operators on how to effectively underwrite the business. The current total value of agriculture production in […]
Coronation Insurance assures shareholders of robust profit
Kindly leave a comment and share Chuks Udo Okonta Having recorded N14.13 billion Gross Premium Written (GPW) in year 2021, Coronation Insurance Plc, has assured shareholders of robust profits in years ahead. Its Chairman, Mutiu Sunmonu, said this today at the firm’s Annual General Meeting (AGM) in Lagos, adding that the […]
Coronation Insurance promotes importance of insurance to SMEs
Kindly leave a comment and Coronation Insurance Plc and Coronation Life Assurance Limited jointly hosted a live webinar on the Importance of Insurance for Small and Medium Enterprises (SMEs) focussed on the insurance requirements for growing businesses. The virtual seminar was widely attended by a host of participants from the […]
NAICOM pegs filing of financial statements fee at N1m for insurers, N2m reinsurers
Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has said each company shall at the time of submission of annual returns and audited financial statements pay the following filing fees; Composite Insurers N2,000,000.00; Life Insurers N1,000,000,00; General Insurers N1,000,000.00; Reinsurers N2,000,000.00; Takaful Insurers N500,000.00 […]
Sanlam, MTN Group’s InsurTech alliance kicks off
Kindly leave a comment and share Chuks Udo Okonta Sanlam and MTN Group are pleased to announce that our strategic alliance to market and distribute insurance and investment products across Africa has reached a significant milestone with the fulfilment of the regulatory, competition and other requirements. The effective date of […]
NAICOM gives conditions for payment of dividend by insurers
Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has reaffirmed conditions that should precede payment of dividends to shareholders. NAICOM in a document obtained by Inspenonline stated that any dividend distribution shall be subject to submission of prior written application by the insurer and […]
