Leave a comment and share Chuks Udo Okonta Insurance companies generated a whopping N103.13 billion from N1.63 trillion investment made in 2020, Inspenonline can report. Data obtained from the Nigerian Insurers Association (NIA) which stated this, also revealed that the investment income has being on an increased trajectory as N81.36 […]
Insurance
Adopt technology to deepen penetration, NAICOM charges insurance practitioners
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has charged insurance practitioners to adopt technologies to provide digital solutions and deepen penetration. The Head, Information Technology, NAICOM, Abiodun Aribike, who said this at the NAICOM 2022 retreat for Financial Journalists in Uyo Akwa Ibom State, […]
NAICOM to woo States with low insurance penetration
Leave a comment and share Chuks Udo Okonta Worried by low insurance patronage and penetration across many States in the country, the National Insurance Commission (NAICOM) hopes to open up engagements with policy makers in these states. Inspenonline had recently reported on how the insurance companies generated a pantry of […]
NAICOM eyes N6.0tn gross premium income by 2030
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) is expecting the insurance industry Gross Premium Income (GPI) to hit N6.0 trillion by year 2030. The Head, Corporate Communications & Market Development, NAICOM, ‘Rasaaq ‘Salami, said this in a paper entitled: ‘NAICOM’s Market Development Initiatives: The […]
African Alliance pays N1.42bn claims in first two months of 2022, to host NCRIB Abuja
Leave a comment and share Chuks Udo Okonta Foremost life insurer, African Alliance Insurance Plc, has restated its commitment to stronger and better business relationships with the Nigerian Council of Registered Insurance Brokers (NCRIB). This assurance was delivered by the Managing Director/CEO of the company, Joyce Ojemudia, to the members […]
Ojemudia implores women to #BreaktheBias as PILA launches Port Harcourt Chapter
Leave a comment and share Chuks Udo Okonta President, Professional Insurance Ladies Association (PILA), Mrs. Joyce Ojemudia, has implored members of the association to break all biases holding them back as they climb the career ladder. In a statement released by the PILA secretariat shortly after the inauguration of the […]
Insurers generate N10,000 premium on third party motor policy from Ebonyi, Kogi State
* No premium from Taraba, Kastina, Kebbi, four other states Leave a comment and share Chuks Udo Okonta With millions of vehicles plying different roads across states in the country, insurance firms only generated N10,000 premium on third party motor policy from Ebonyi State and similar amount from Kogi State […]
PenCom drags 66 employers to court for not remitting workers pension contributions
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) took legal action against 66 employers for failure to contribute and remit their workers pension contributions last year, Inspenonline can report. According to data obtained from PenCom 19 of the defaulting employers were recommended for legal action […]
Women form most vital nucleus of our core values – Tunde Hassan-Odukale
Leave a comment and share Chuks Udo Okonta As the world celebrates 2022 International Women’s Day (IWD), the Managing Director of Leadway Assurance Company Limited, Tunde Hassan-Odukale, has reiterated the critical role women in the organisation have played in advancing the company’s vision and performance in the African insurance marketplace. […]
Insurers generate N6.58bn from third party motor business as racketeers reap N160bn
Leave a comment and share Chuks Udo Okonta Insurance companies generated N6.58 billion Gross Premium Written GPW) from third party and third party fire & theft motor business in 2020, Inspenonline can report. This is even as stakeholders believed the insurance industry is losing a whopping N160 billion annually to […]
