Kindly leave a comment and share Chuks Udo Okonta The 6th edition of the Insurance Open Golf Tournament Ibadan has just concluded with commendations from participants and other stakeholders. The tournament, which brought together over 250golfers over a three-day period had Enterprise Life Assurance Limited, a leading digital life insurance […]
Insurance
NAICOM decries impact of inflation on insurance sector
Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has said inflation has been a major concern for the insurance sector, as rising prices affect both insurers and policyholders. The Commissioner for Insurance/Chief Executive Officer NAICOM Olusegun Omosehin, said this today in a keynote address […]
Embattled firms struggle, as insurers spend about N100m on IFRS 17 integration
Kindly leave a comment and share Chuks Udo Okonta Integrating operations with the International Financial Reporting Standard (IFRS) 17 has impacted much on finances of insurance companies, as they spent between N50 million to N100 million on paying consultants; buying or leasing required software, a feat many ailing firms are […]
CIIN-ORC 2024 workshop to unearth essence of artificial intelligence on insurance sector
*Event holds Thursday, October 3, 2024 in Lagos Kindly leave a comment and share Chuks Udo Okonta The Chartered Insurance Institute of Nigeria (CIIN) Offices Representatives Committee (CIIN-ORC) is set to hold its 2024 workshop on Thursday, October 3, 2024, focusing on benefits of Artificial Intelligence (AI) to the insurance […]
Casava named official insurer for Insurance Meets Tech 2024, offering instant coverage to all attendees
Kindly leave a comment and share Chuks Udo Okonta Insurance Meets Tech 2024, one of West Africa’s foremost conferences dedicated to the intersection of insurance and technology, proudly announces Casava, Nigeria’s pioneering 100% digital microinsurance provider, as its official insurer. The flagship event, set for Friday, September 27, 2024, at […]
2024 Almond Insurance Industry Awards voting closes with 10,983 votes
Kindly leave a comment and share The stage is now set for the 2024 Almond Insurance Industry Awards as voting in the various categories closed on the 20th of September with over ten thousand votes cut-across all arms of the Insurance Industry, Insurance Customers and the Insuring Public. The unprecedented […]
NAICOM awaits 2023 financial accounts of embattled insurance companies
Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has released the names of 44 insurance, reinsurance and takaful firms that have secured approval on their 2023 financial accounts, while awaiting others that are battling to align with the International Financial Reporting Standard (IFRS) 17. […]
Guinea Insurance launches nationwide #ComfortAssured campaign to promote customers engagement
Kindly leave a comment and share Guinea Insurance Plc has announced the official launch of its #ComfortAssured campaign, a nationwide Integrated Marketing initiative aimed at enhancing customers engagement and reinforcing the company’s commitment to delivering comprehensive and reliable insurance solutions. The insurer in a statement to Journalists said with regulatory […]
Sanlam General Insurance records N16.1bn GPW, pays N3.9bn in 2023
Kindly leave a comment and share Chuks Udo Okonta Sanlam General Insurance Nigeria Limited, a subsidiary of Sanlam Life Insurance Nigeria, has reported impressive financial results for 2023, with a Gross Premium Written of N16.1 billion and claims payouts totaling N3.9 billion. These figures represent a notable increase of 41 […]
GCR affirms Leadway Assurance’s “AA+(NG)” Financial Strength
Kindly leave a comment and share Chuks Udo Okonta Leadway Assurance Company Limited’s solid financial position as an industry leader has been independently attested with the reaffirmation of its National Scale Financial Strength Rating of AA+(NG) by Global Credit Ratings (GCR). This was disclosed in a statement issued by Aishat […]