Kindly leave a comment and share Chuks Udo Okonta Lasaco Assurance Plc, one of the leading insurance companies in Nigeria, is pleased to announce that it has successfully obtained the ISO/IEC 27001:2022 certification, a globally recognized benchmark for Information Security Management Systems (ISMS). This certification comes after a thorough and […]
Insurance
Why insurance firms should expose perpetuators of fraudulent claims
Kindly leave a comment and share Chuks Udo Okonta The recent publication of claims complaints by the National Insurance Commission (NAICOM) rattled many insurance companies, as they fought back to save their brand reputations. One of the defences put forward by most of the affected companies was that most of […]
Universal Insurance settles N3bn claims in 2024
Kindly leave a comment and share Chuks Udo Okonta Universal Insurance Plc has paid out a total of N3 billion as claims to policyholders that suffered losses during the period under review. According to the company the payment was made between January 2024 to December 2024. Reacting, Dr Jeff Duru, […]
International Energy Insurance free from Daewoo loan, posts N5.1bn gross premium growth
* To recapitalise to N15bn Kindly leave a comment and share Chuks Udo Okonta International Energy Insurance (IEI) Plc has concluded its 44th Annual General Meeting (AGM) on April 10, 2025, at the Haitel Hotel Dutse, Jigawa State, marking a pivotal moment in the company’s strategic direction. The 44th AGM […]
NAIC names Florence Onwuanuokwu Acting Managing Director, as Folashade Joseph retires
Kindly leave a comment and share Chuks Udo Okonta The Nigerian Agricultural Insurance Corporation (NAIC), has announced the retirement of its Managing Director/Chief Executive Officer Mrs. Folashade Joseph and handing over of responsibilities to Mrs. Florence Onwuanuokwu General Manager (Underwriting) in acting capacity as Managing Director/CEO. The Deputy General Manager […]
Concerned operators seek NAICOM intervention in taming activities of insurance commission racketeers
Kindly leave a comment and share Chuks Udo Okonta Concerned insurance brokers have called on the National Insurance Commission (NAICOM) to quickly intervene in curbing the activities of insurance commission racketeers who are presently making business unbearable for genuine operators. The concerned operators who spoke with Inspenonline said NAICOM should […]
Selling insurance as savings tool, not risk mitigation product
Kindly leave a comment and share Chuks Udo Okonta The desire to save money is one of the things that has endeared most people to the banks and this is also one of the reasons the banking sector is richer and bigger than the insurance industry. Looking deeply into the […]
NAICOM pushes embedment of risk management in governance, public policy to engender national development
*CFI, CEOs of NSIA Insurance, Sovereign Trust, Chairman NEM Insurance bag RIMSON’s fellow status Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has said risk management should be embedded in governance, infrastructure planning, enterprise development, and public policy to engender national growth and development. […]
NLNG insurance team explores opportunities with NIA
Kindly leave a comment and share Chuks Udo Okonta The Nigeria Liquefied Natural Gas (NLNG) insurance team on Tuesday, April 8, 2025, paid a strategic familiarization visit to the Director General of the Nigerian Insurers Association(NIA). The visit, led by Dr. Adetayo A. John-Fishers, MD of First Standard Insurance Brokers […]
Alushula, Enebeli others emerge winners at Pan-African Re/Insurance Journalism Awards in S’Africa
Kindly leave a comment and share Chuks Udo Okonta Continental Reinsurance Plc, a leading Pan-African reinsurer, has announced the winners of the 10th edition of the Pan-African Re/Insurance Journalism Awards at a ceremony held in Cape Town, South Africa. The event coincided with the company’s 10th CEO Summit, marking a […]