Leave a comment and share Chuks Udo Okonta Managers and executives of insurance, reinsurance firms auspices of the African Insurance Organisation (AIO) as well as relevant stakeholders have agreed to massively deploy technology to insure the uninsured in the grassroots across Africa. Industry operators after due consultations with other stakeholders […]
Insurance
2021 NAIPCO national conference holds Thursday this week
Leave a comment and share The 2021 Annual Conference of the National Association of Insurance and Pension Correspondents (NAIPCO) is set to hold on Thursday, October 14, 2021 at Oriental Hotel, Lekki Road, Lagos. To this end, Insurance and pension stakeholders will converge at the conference to discuss on ‘COVID-19 […]
NAICOM moves to boost annuity business
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has asked insurance companies to share information on issues they are facing while underwriting annuity so as to deepen the annuity market space in the county and bring more clients to the industry. The Chairperson, Sub – […]
AfricInvest injects N3.6bn in Royal Exchange General Insurance
Leave a comment and share Chuks Udo Okonta Royal Exchange General Insurance Company (“REGIC”) on Wednesday, announced the acquisition of a minority stake worth N3.6 billion in the company by AfricInvest, a leading Pan-African asset management company. The investment was made through its evergreen private equity fund, FIVE, in the […]
Africa Re, IFC put smile on African farmers faces
Leave a comment and share Africa-Re’s partnership with IFC (A member of the world bank group) in March 2019 is strategic and symbolic. The Partnership aims at providing technical support to insurance companies for their agricultural line by using index-based agricultural insurance. This no doubt will trigger innovative and more […]
NAICOM implores AIO to court African governments’ support for insurance
Leave a comment and share Chuks Udo Okonta The call for governments across Africa to strongly support the insurance sector has once again been re-echoed. Suffice to state that insurance operators and regulators across the continent have agreed that the African insurance market is in dare need of serious collaboration […]
NSIA Insurance appoints Adesegun Akin-Olugbade as board chairman
Leave a comment and share Chuks Udo Okonta The Board of NSIA Insurance Limited, one of the leading providers of insurance and other financial services in Nigeria, today, announced the appointment of Dr. Adesegun A. Akin-Olugbade, OON as the new Chairman of the Board of Directors. Dr. Akin-Olugbade is a […]
Insurers live with residues of aborted recapitalisation
Leave a comment and share The journey to generate and inject fresh fund into insurance companies kitties, would have ended yesterday, but for the court injunctions that suspended the initiative. Chuks Udo Okonta in this report examines what the exercise left behind for the sector in spite the suspension. Yesterday […]
Guinea Insurance records N1.08bn gross premium written
Leave a comment and share Guinea Insurance Plc, held its 63rd Annual General Meeting (AGM) recently to transact its ordinary and special businesses and receive relevant approvals from its stakeholders. In accordance with set COVID-19 guidelines the AGM was held virtually to afford all stakeholders the same participatory rights as […]
Ilisan High School wins CIIN’s quiz competition
Leave a comment and share Chuks Udo Okonta Ilisan High School, Ogun State, has won the Chartered Insurance Institute of Nigeria (CIIN) secondary schools second edition, quiz competition. The competition took place today at the Ilisan Town Hall in Ogun State and was attended by dignitaries from all works of […]
