Kindly leave a comment and share Chuks Udo Okonta Leadway Group has donated N117 million in relief packages to the Borno State flood victims in response to the recent unprecedented flooding that has devastated communities across the state. The disaster affected over a million residents, displaced thousands and caused significant […]
Insurance
NCRIB-LAC prepares brokers on insurance of CNG automobile
Kindly leave a comment and share Chuks Udo Okonta The Nigerian Council of Registered Insurance Brokers, Lagos Area Committee (NCRIB-LAC) as part of its proactiveness, has organised a workshop to educate its members on how to provide insurance services on Compressed Natural Gas (CNG) enabled automobiles. The Chief Risk Officer/Head […]
Why beneficiaries of insurance claims should tell others
Kindly leave a comment and share Chuks Udo Okonta The insurance industry paid N536.5 billion claims in year 2023 and many people are still in doubt that insurers pay claims. Irrespective of the efforts made by insurance and media practitioners to project huge claims paid yearly by underwriters, unless claims […]
Continental Reinsurance opens entries for 10th Pan African Re/Insurance Journalism Awards
Kindly leave a comment and share Chuks Udo Okonta Continental Reinsurance Plc, a leading Pan-African reinsurer, has announced the launch of the 10th edition of the Pan African Re/Insurance Journalism Awards (2025), marking a decade of recognizing journalistic talent and excellence within the re/insurance industry. The longest-running award program dedicated […]
Insurers get Dec 31 deadline to clear outstanding claims
Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has given insurance companies December 31, 2024 deadline to clear all outstanding claims. The Head, Communication & Stakeholders Management Sub-committee and Managing Director Rex Insurance Limited Mrs. Ebelechukwu Nwachukwu, disclosed this at a press conference held […]
NIA courts NCRIB on provision of full underwriting information to improve claims payments
Kindly leave a comment and share Chuks Udo Okonta The Nigerian Insurers Association (NIA) has pledged to collaborate with the Nigerian Council of Registered Insurance Brokers (NCRIB) to ensure the provision of full underwriting information required in onboarding of policyholders , which would then aid claims settlement. The Chairman of […]
Insurance sector makes more inroads into aviation business
Kindly leave a comment and share Chuks Udo Okonta A high level stakeholders follow up meeting of the Insurance and Aviation sectors was convened yesterday in Abuja at Transcorp Hilton Hotel. The meeting which was chaired by the Honorable Minister of Aviation and Aerospace Festus Keyamo SAN also had in […]
Sterling Assurance bags gross written premium of N5.9bn in 2023
Kindly leave a comment and share Chuks Udo Okonta Sterling Assurance Nigeria Limited, one of the leading insurance companies in Nigeria, grew its profit by 32 per cent, amounting to Gross Written Premium (GWP) of N5.9 billion in 2023. The Chairman of the company, Dr. Fatai Lawal, disclosed this […]
NAICOM mulls disposing African Alliance annuity portfolio
Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has said one of the mandates given to the newly constituted interim board and management of African Alliance Insurance Plc is to open the firm’s annuity portfolio for acquisition. The Commissioner for Insurance Olusegun Omosehin, said […]
NCRIB honours Ademola Olutusin with Outstanding Service Recognition Award
Kindly leave a comment and share Chuks Udo Okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) has honoured its Chairman Lagos Area Committee (LAC) Ademola Olutusin with an Outstanding Service Recognition Award for his selfless and untiring contributions to the growth and progress to the Council and insurance sector. […]