Leave a comment and share African Alliance Insurance Plc., has announced the opening of a branch office in Abeokuta, Ogun State. Speaking at the tape-cutting event held recently in Abeokuta, the firm’s Managing Director/Chief Executive Officer, Joyce Ojemudia, reiterated the importance of viable retail presence in the sale of life […]
Insurance
Brokers fully committed to No Premium No Cover rule – NCRIB
President, NCRIB, Dr. (Mrs.) Onigbogi Leave a comment and share Chuks Udo Okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) has reiterated its members commitments to the insurance sector No Premium No Cover rule. The brokers fraternity said this in a statement by its Public Relationship Manager, Dele Ayeleso, […]
Guild of Marine Surveyors announces burial events for late Ogadina-OGIC
The Guild of Marine Surveyors Nigeria has announced the burial arrangements for its founder and first elected President, Monday Chidi Ogadina, whose transition occured on Friday, June 11, 2021. A statement by the current President and Co-founder of the Guild, Emmanuel Adewale Adetoro, said: “With a heavy heart and Gratitude […]
PTAD pays 18 months pension increment arrears to DBS pensioners
Leave a comment and share Chuks Udo Okonta The Pension Transitional Arrangement Directorate (PTAD) has paid an additional 9 months of consequential adjustment arrears occasioned by the new minimum wage increase of 2019 to Civil Service Pension Department Pensioners and 6 months of the same arrears to Parastatals, Police, Customs, […]
Using insurance brokers ‘ll stem allegation of unpaid claims – Onigbogi
Dr. (Mrs) Onigbogi Leave a comment and share Chuks Udo Okonta Until the public understand fully the roles of Insurance Brokers, the allegation of nonpayment of claims and other consequential image challenges in the industry would remain, the President, Nigerian Council of Registered Insurance Brokers (NCRIB) Dr. (Mrs.) Bola Onigbogi, […]
South Africa:Insurance claims for losses from week-long riots estimated at over US$690m to date
Claims for damage and theft from businesses affected by civil unrest in South Africa are likely to be between ZAR7bn ($484m) and ZAR10bn ($692m), reported Reuters quoting the head of the only insurer covering political violence in the country. The riots and looting which started on 9 July and ebbed […]
Nigeria has lowest penetration rate among 9 insurance African markets in 2020
By MEIR team Nigeria ranks fifth among nine insurance markets in Africa in terms of premiums in 2020 but came in last in terms of insurance penetration, according to the latest sigma report from Swiss Re. The countries are: Egypt; Algeria; Morocco; Tunisia; Ghana; Ivory Coast; Kenya; Nigeria and South […]
WAICA Re pays $30.5m claims in 2020
Leave a comment and share Chuks Udo Okonta The West African Reinsurance Corporation (WAICA Re) incurred a net claims of $30.5 million in its 2020 financial year, which translated to 63 per cent increase from the $18.7 million it recorded in 2019. The claims were incurred across most of the […]
Tricycle Riders in Umuahia, Aba endorse Universal Insurance Keke Pass
Leave a comment and share Chuks Udo Okonta Tricycle riders under the agies of Tricycle Owners Association of Nigeria (TOAN) and Aba Tricycle Riders Integrated Welfare Association (ATRIWA) has praised the unveiling of Keke Pass in Umuahia and Aba by Universal Insurance Plc. Speaking at the launch, the Chairman, Aba Tricycle […]
CHI Plc is committed to grooming talents for the Insurance Industry – Efekoha
Leave a comment and share Chuks Udo Okonta Consolidated Hallmark Insurance (CHI) Plc has affirmed the commitment of the company towards the grooming of talents for the insurance industry through its Annual Essay Awards for Tertiary Institutions. The Group Managing Director of Consolidated Hallmark Insurance Plc, Eddie Efekoha, said this […]
