Kindly leave a comment and share Chuks Udo Okonta The proposed minimum capital requirements in the Reform Insurance Bill for Insurance and reinsurance operations has polarised practitioners as some have considered it necessary while others are kicking against it. The Nigerian Insurers Association (NIA) has opposed the minimum capital base […]
Insurance
Bill: Insurers frown at contribution of 1% motor insurance net premium for road accident victims
Kindly leave a comment and share Chuks Udo Okonta The Nigerian Insurers Association (NIA) has raised concerns about the proposed contribution of one per cent of motor insurance net premium to a fund for road accident victims. The Chairman of NIA Kunle Ahmed, said this in his presentation at the […]
Practitioners grumble at licensing of NPF Insurance Company Limited
Kindly leave a comment and share Chuks Udo Okonta Insurance practitioners seemed not to be comfortable with the quest of the Nigeria Police Force (NPF) to float an insurance company. Recall the National Insurance Commission (NAICOM) has said it has commenced the process of registering Nigeria Police Force – NPF […]
WAICA hails Sanlam Allianz merger
Kindly leave a comment and share Chuks Udo Okonta The West African Insurance Companies (WAICA) has given kudos to the management and staff of SanlamAllianz Insurance on the successful conclusion of their merger and launch in Ghana. The Secretary General of WAICA, Davis Iyasere, while speaking on the joint venture, […]
Sanlam Nigeria fosters team spirit with inter-house sports event
Kindly leave a comment and share Chuks Udo Okonta Sanlam Nigeria, a leading insurance company, comprising Sanlam Life Insurance Nigeria Limited and its subsidiary, Sanlam General Insurance Nigeria Limited, recently held an exciting Inter-House Sports team bonding event for its staff. The event, which held at the Femi Gbajabiamila Sports […]
NCRIB names annex building after Olola Ogunlana
Kindly leave a comment and share Chuks Udo Okonta The foundation for the magnificent annex building of the Nigerian Council of Registered Insurance Brokers (NCRIB) has been laid with the building christened Olola Olabode Ogunlana House (NCRIB ANNEX). The naming of the edifice was approved by the governing board of […]
Linkage Assurance delights shareholders with dividend, bonus
*Applaud board, management performance Kindly leave a comment and share Chuks Udo Okonta Shareholders of Linkage Assurance Plc have applauded the Board and Management of the company for the outstanding performance in the 2023 financial year, which resulted in bountiful returns on investment. The Company’s shareholders who expressed their excitement […]
Old Mutual in Nigeria announces change of name to emPLE
Kindly leave a comment and share Chuks Udo Okonta Upon receipt of all necessary approvals from the National Insurance Commission (NAICOM), Old Mutual Nigeria Life Assurance Company Limited and Old Mutual General Insurance Company Nigeria Limited are proud to announce their rebrand and name change to emPLE Life Assurance Limited […]
Cornerstone Insurance records N25.9bn underwriting revenue in 2023
Kindly leave a comment and share Chuks Udo Okonta Cornerstone Insurance Plc reported an insurance revenue of N25.9 billion in 2023, a growth of 26.5 per cent against N20.48 billion attained in 2022, its Chairman Segun Adebanji, has said. He disclosed this today at the company’s Annual General Meeting (AGM) […]
NAICOM unveils new licensing portal for insurance agents
* Seeks resubmission of unregistered applications on new portal Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has said a new licensing portal for registration and renewal of the licences of insurance Agents has been developed. NAICOM said the new Portal would ease, fast […]