Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has complied with court order to suspend the ongoing Insurance industry’s recapitalisation, Inspenonline can report. The spokesperson of NAICOM, Rasaaq Salami, in a telephone conversation with this medium said: “You are aware that the issue is in […]
Insurance
NIA writes NAICOM to clear uncertainties surrounding ongoing recapitalisation
Leave a comment and share Chuks Udo Okonta Amid controversies surrounding the ongoing insurance industry recapitalisation, the Nigerian Insurers Association (NIA) has written a letter to the National Insurance Commission (NAICOM) seeking clear directives on the position of the exercise which the first phase is projected to end tomorrow December […]
House of Reps writes NAICOM, as efforts to suspend recapitalisation ticken
Leave a comment and share Chuks Udo Okonta The House of Representatives has officially communicated its position on the ongoing recapitalisation to the National Insurance Commission (NAICOM), Inspenonline can report. The letter conveying the House position, which is for the process to be suspended was received by NAICOM today. The […]
Insurers cut cost to meet multi-billion naira #EndSARS protest claims
Leave a comment and share Chuks Udo Okonta Determined to meet the huge claims arising from the #EndSARS protest, many insurance firms had to prone their end-of-the-year expenses. Investigations by Inspenonline revealed that most of the firms had to forego the end-of-the-year gifts usually offered to clients for their patronage. […]
Why Nigeria’s insurance sector is haven for investments – Investor
Leave a comment and share Chuks Udo Okonta Managing Partner and Co-founder, Verod Capital Management, Danladi Verheijen, has spotlights the enomous opportunities in Nigeria’s insurance industry, making it a haven for investments. The leaders of the Lagos-based private equity fund manager which invests across multiple sectors in Nigeria and Ghana, […]
CIIN to boost insurance education with essay competition in schools
Leave a comment and share Chuks Udo Okonta The Chartered Insurance Institute of Nigeria (CIIN) is planning to promote insurance education through an essay competition which will be organised for students in secondary schools across the country, Inspenonline can report. President of CIIN, Sir. Muftau Oyegunle, who said this in […]
Rate cutting shaving sales of digital insurance products
Leave a comment and share Chuks Udo Okonta Insurance operators have expressed sadness on how menace of rate cutting, has made it impossible for them to sell their policies through digital process. According to some of the operators, the sale of policies especially motor insurance on digital platforms has been […]
AIICO Insurance records 126% success on right issues
Fajemirokun Leave a comment and share Chuks Udo Okonta AIICO Insurance Plc has recorded yet another milestone achievement in its recapitalisation journey, as shareholders oversubscribed the right issues to the tune of about 126 per cent. A statement by the firm’s Head, Strategic Marketing & Communications, Segun Olalandu, noted that […]
Universal Insurance gets NAICOM’s nod to underwrite agric business
Leave a comment and share Chuks Udo Okonta Universal Insurance Plc has secured the approval of the National Insurance Commission (NAICOM) to underwrite agric insurance. The ‘no objection’ nod will enable Universal Insurance support farmers and service providers in the agricultural value chain for greater sustainability and economic growth. Among […]
Coronation Insurance, experts educate SMEs operators on risk management
Thomas Leave a comment and share Chuks Udo Okonta Commissioner for Insurance, Sunday Thomas and other experts have implored Small and Medium Enterprises owners to leverage insurance to manage their risks in time of uncertainties as being witnessed due to the COVID-19 pandemic and #EndSARS crisis. Thomas, said this during […]
