Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission, (NAICOM) has approved the appointment of Dr. Japhet Ogueri Duru as the new Managing Director/ CEO of Universal Insurance Plc, effective 10th January 2025. He joined Universal Insurance Plc on 22nd August 2024 as the Executive Director, […]
Insurance
Brokers demand more AM Best ratings for MGAs
by Rod Bolivar The majority of UK insurance brokers are calling for more managing general agents (MGAs) to undergo AM Best performance assessments, with 81 per cent supporting the idea and 77 per cent saying such a rating would influence their choice of partners. The findings come from a recent […]
Rex Insurance appoints ED, CFO, others
Kindly leave a comment and share Chuks Udo Okonta The Board of Rex Insurance Limited (Rex) has announced the appointments of four key executives in the company. They are Adesola Akintayo as Executive Director, Technical; Abayomi Kayode as Chief Financial Officer (CFO); Adeyinka Aderombi as Chief Digital Information Officer (CDIO); […]
Dr. Oniwinde celebrates 85th birthday, unveils book on Insurance
Kindly leave a comment and share Chuks Udo Okonta It was a glorious moment when Sir (Dr.) Adelani Oniwinde celebrated his 85th birthday on second week of January 2025, with the release of his new book titled: “Insurance Marketing and Management in West Africa”. About the book The book’s first […]
Photo: Sovereign Trust Insurance gets kudos for fight against cancer
The presentation of the Appreciation Plaque was carried out at the Corporate Head Office of the Underwriting Firm by the Founder of the Cancer Foundation, Atinuke Lawal, who herself is a cancer survivor. Sovereign Trust Insurance Plc has been a collaborative partner of the Foundation over a couple of years. […]
Insurance firms battle negative feedbacks, amid quest for robust awareness
Kindly leave a comment and share Chuks Udo Okonta Insurance awareness and education have continued to suffer setbacks from the public owing to poor service delivery and menace of unpaid claims. A review on awareness and education executed on social social media platforms by insurance companies, showed that 80 per […]
Lasaco Assurance pays N443m death benefits to 132 families of deceased Lagos State SUBEB, Local govt Staff
Kindly leave a comment and share Chuks Udo Okonta Lasaco Assurance Plc, a trusted Insurance partner in safeguarding the welfare of Lagos State employees, has proudly played a key role in the disbursement of N443 million as death benefits to 132 families of deceased Local Government and State Universal Basic […]
Afraid of where to buy good policies, talk to insurance journalists
Kindly leave a comment and share Chuks Udo Okonta Are you worried about having a good insurance company to insure your risks? Fear no more, just talk to an experienced journalist covering the sector about your plans. Journalists covering insurance sector are custodians of rich information about all insurance companies […]
Publications of unpaid claims by insurance firms good for policyholders decisions
Kindly leave a comment and sharet Chuks Udo Okonta As the National Insurance Commission (NAICOM) settles down for year 2025 regulations, one area that the public is anxiously waiting to see actions is in prompt payment of claims, of which the Commission gave insurance companies December 31, 2024 deadline to […]
How insurance sector can aid NPF on enforcement of third party motor insurance policy
Kindly leave a comment and share Chuks Udo Okonta For the Nigeria Police Force (NPF) to effectively enforce purchase of third party motor insurance by motorists, the insurance industry has a lot to contribute. To a large extent, the insurance industry which is the greatest beneficiary of the enforcement, would […]