Leave a comment and share Chuks Udo Okonta Worried by the nefarious activities of charlatans who masquerade as brokers thereby smearing the image of real professionals, the Nigerian Council of Registered Insurance Brokers (NCRIB) has resolved to stem their operations with the introduction of professional seal of practice. The President […]
Insurance
NCRIB to celebrate 60th anniversary in grand style
Leave a comment and share Chuks Udo Okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) has unveiled planned activities for the celebration of its 60th anniversary. The President of NCRIB, Rotimi Edu, unveiled the activities at a press conference in Lagos, stating that the anniversary celebrations would be an […]
AIICO bags information security management system certification
Leave a comment and share Chuks Udo Okonta AIICO Insurance Plc has received Information Security Management System certification from the British Standards Institution (BSI) under ISO 27001:2013 standard, after a thorough assessment of the Company’s Information Security Management System. A statement by Head, Strategic Marketing & Communications, AIICO, Segun Olalandu, […]
Insurers amass N1.17tn assets in six years
Leave a comment and share Chuks Udo Okonta Insurance operators accumulated assets worth N1.17 trillion in six years, Inspenonline reports. Data obtained by this medium showed that underwriters’ total assets as at 2016 was N974.09 billion and moved to N2.14 trillion in 2021, an increase of N1.17 trillion. According to […]
NCRIB implores govt to include market cover among compulsory insurances
Leave a comment and share Chuks Udo Okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) has implored Federal Government to include insurance cover for markets among compulsory insurances. The President of NCRIB, Rotimi Edu, said this in a Television Interview, adding that instead of government compensating owners of burnt […]
Insurers reap N103.13bn from N1.63tn investment
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 […]
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 […]
