Leave a comment and share Chuks Udo Okonta Gross Premium Written (GPW) by top life insurance firms were gulped by claims arising from retiree life annuity business in 2020, Inspenonline can report. This is as drops on yields from bonds and treasury bills, as a result of government policies, have […]
Insurance
Enterprise Life Nigeria marks one year of impactful underwriting
* Reaffirms customer Commitment Leave a comment and share Chuks Udo Okonta It is a time to celebrate as Enterprise Life Nigeria, with its distinctive “Thoroughbred Horse” imagery, in March last year, made a bold entry into the Nigerian market with a clear vision to make a difference and also […]
Insurers blame CEOs on dearth of helmsmen, succession plan
Leave a comment and share Chuks Udo Okonta Some insurance practitioners have blamed Chief Executive Officers (CEO) of insurance firms for the alleged dearth of capable personnel for managing director positions in the sector. Inspenonline had earlier published a report where the Commissioner for Insurance Sunday Thomas, raised the concern […]
AIO holds 25th – 30th June 2022 in Kenya
Leave a comment and share 48th Conference and 50th #Anniversary of the African #Insurance Organisation, AIO. Date: 25th – 30th June 2022 Venue: The EDGE Convention Centre, College of Insurance, #Nairobi – Kenya Registration: To open soon.
Unitrust Insurance gets NAICOM’s nod to underwrite agric business
Leave a comment and share Chuks Udo Okonta Unitrust Insurance Company Limited has secured the approval of the National Insurance Commission (NAICOM) to underwrite agricultural risks in 2022. A statement by the firm’s Head, Corporate Communications, Swachet Iliyasu, said the ‘no objection’ nod will enable the organisation to support farmers […]
African Alliance awards life cover to Bala Augie, Editor of Money Central Newspaper
* To host NCRIB South-South Area Committee Leave a comment and share Chuks Udo Okonta African Alliance Insurance Plc, has presented the star prize of a year-long Term Assurance Plan won at the raffle draw held during her hosting of the Nigerian Council of Registered Insurance Brokers (NCRIB) Members’ Evening […]
NAICOM to sanction firms not uploading documents on portal
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has expressed misgivings over some insurance companies failure to upload their documents on its regulatory portal, vowing to sanction them. The Commissioner for Insurance Sunday Thomas, said this at an event in Lagos, stressing that though the […]
Dearth of capable personnel for managing director position hits insurance firms
Leave a comment and share Chuks Udo Okonta Getting capable and qualified personnel to occupy existing managing director positions is posing a challenge for insurance companies, Inspenonline can report. Though, in recent time, some companies have attracted few good hands, investigations showed that there still lies a big gap in […]
NCRIB President harps on measures to stem building collapse
Leave a comment and share Chuks Udo Okonta The President, Nigerian Council of Registered Insurance Brokers, Rotimi Edu, has lent his voice to the topic of disastrous building collapse in Nigeria. The NCRIB President made his views known in a lecture, titled, “Insurance for Architect and Professionals”, during the February […]
NAICOM to mandate insurance companies procure cyber cover for data protection
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) is presently working on a regulation that would mandate all insurance companies to procure cyber cover to secure data of policyholders in their custody. The Commissioner for Insurance Sunday Thomas, disclosed this at the recently held Chartered […]
