Kindly leave a comment and share In line with its deliberate decision to make the rejuvenation and promotion of the nation’s art and culture the centrepiece of its Corporate Social Responsibility, Anchor Insurance Company Limited, a risk-bearing organisation where insurance truly works, has thrown its sponsorship weight behind the live […]
Insurance
Allianz achieves 3.5bn euros operating profit in 2Q
Press release Kindly leave a comment and share Group confirms full-year outlook 2Q 2022: Total revenues rise 8.2 percent to 37.1 billion euros. Operating profit increases 5.3 percent to 3.5 billion euros, driven by Property-Casualty business segment. Net income attributable to shareholders amounts to 1.7 billion euros, down 23.3 percent. […]
Coronation Insurance posts N14.13bn gross premium written in 2021
Kindly leave a comment and share Chuks Udo Okonta Coronation Insurance Plc said it recorded N14.13 billion Gross Premium Written (GPW) in year 2021. The Chairman of underwriting firm, Mutiu Sunmonu, said this in a statement sent to the Nigerian Exchange Limited and Shareholders on the Group’s Audited Financial Results […]
FG decries decline in budgetary allocation for insuring public assets
Kindly leave a comment and share Chuks Udo Okonta The Federal Government has decried the decline in budgetary allocation for insuring public assets. It also seek the decentralisation of insurance premium amongst the Ministries, Departments and Agencies (MDAs). The Permanent Secretary in the General Services Office (GSO), Dr. Maurice Mbaeri, […]
EduSure: Old Mutual Nigeria unveils education protection plan
Kindly leave a comment and share Chuks Udo Okonta In recognition of the role of education in social and economic development for future generations, the Nigerian subsidiary of Old Mutual Limited (OML) has launched an Education Protection Plan (EPP or EduSure) that assists parents/guardians secure uninterrupted learning for their children/wards. […]
NAICOM partners insurers on product testing, withdrawal
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) is working with insurance practitioners on sandbox, an initiative that would enable them test and withdraw a product that failed to meet public expectations. Inspenonline gathered that NAICOM would soon issue a guideline to this effect. The […]
NAICOM to conduct RBS pilot test in 8 insurance firms, as RBC may takeoff in 2023
Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) would this month – August, commenced a pilot Risk Based Supervision (RBS) examination in eight insurance companies, Inspenonline can report. The Deputy Commissioner, Technical, NAICOM, Sabiu Abubakar, who disclosed this at a forum recently in Lagos, […]
NAICOM boss to chair Business Journal public presentation Sept 16
Leave a comment and share Commissioner for Insurance/CEO, National Insurance Commission NAICOM, Olorundare Sunday Thomas, will chair the public presentation of Business Journal newspaper on Friday, September 16, 2022 at Sheraton Hotel, Ikeja Lagos. The NAICOM letter to Business Journal which was dated July 18, 2022 and signed by Rasaaq […]
Insurance sector to discard fixed premium charge for standard rate
Leave a comment and share Chuks Udo Okonta Insurance premium would soon no longer be fixed as the National Insurance Commission (NAICOM) is coming up with guidelines to ensure premiums are placed on minimum and maximum standard. Inspenonline gathered that the guidelines would ensure insurance premiums don’t slide below a […]
Liquidation: NAICOM should close insurance firms with just N1,000 third party product sold via VIO – Insurer
Kindly leave a comment and share Chuks Udo Okonta The liquidation threat issued by National Insurance Commission (NAICOM) has continued to generate reasons as an insurer has implored the industry regulator to liquidate firms that have just third party product, sold at N1,000 in Vehicle Inspection Office (VIO). The Deputy […]
