Leave a comment and share Chuks Udo Okonta President Muhammadu Buhari has approved the appointments of Alhaji Sabiu Bello Abubakar and Oba Olufemi Oluniyi fca as Deputy Commissioners for Insurance, National Insurance Commission (NAICOM). A statement by Head, Commissioner for Insurance Directorate, NAICOM, Rasaaq Salami, said Abubakar is the Deputy […]
Insurance
Africa Re to disburse $3.3m for fight against COVID-19 in Africa
Leave a comment and share Chuks Udo Okonta The African Reinsurance Corporation (Africa Re) (www.Africa-RE.com), the premier reinsurance group in Africa, has announced the disbursement of the sum of US$ 3.3 million to assist stakeholders in the ongoing fight against the COVID-19 pandemic in the continent. The announcement was made […]
Emirates Airlines offers passengers free COVID-19 cover
Leave a comment and share Emirates Airlines is offering its passengers free insurance coverage for COVID-19 medical expenses and quarantine costs when they fly to any destination, in any class of travel. The airline will cover passengers’ medical expenses of up to EUR150,000 ($174,000) and quarantine costs of EUR100 per […]
African Alliance grows market share, posts N7.29bn GPW in 2019
Olabisi Adekola * Pays N9.36bn claims Leave a comment and share Chuks Udo Okonta Foremost life insurer, African Alliance Insurance Plc., has reported a 41 per cent rise in her Gross Premium Written (GPW) according to its 2019 full year financial statement. According to the details of the statement, the […]
Brokers in the UK expect better communications from insurers
By Anoop Khanna A recent survey of insurance brokers conducted by ARAG UK found that most brokers will want better communications from insurers over the next few months. Better communications topped the list of what brokers want to see most. A quarter of those surveyed would like insurers to provide […]
Major reinsurer reports more than $500m in COVID-19 losses for 2Q 2020
By Amir Sadiq SCOR has announced that the COVID-19 pandemic will cost it an estimated EUR456m ($530m) net of retrocession and before tax in 2Q2020. The total amount comprises EUR248m on its P&C side, EUR194m on its life side and EUR14m on its investment side. On the P&C side, the […]
NCRIB President Dr. Onigbogi bags CII London exceptional service award
Dr. (Mrs.) Bola Onigbogi Leave a comment and share Chuks Udo Okonta The President of the Nigerian Council of Registered Insurance Brokers (NCRIB), Dr. (Mrs.) Bola Onigbogi, has been awarded with the coveted Exceptional Service Award by the Chartered insurance Institute of London. The notice of the distinguished Award was […]
Stanbic IBTC, three other firms seek insurance licences
Leave a comment and share Chuks Udo Okonta Four firms have applied for an insurance operational licence, the National Insurance Commission (NAICOM), has said. The firms are: Heir Insurance Limited (General); Stanbic IBTC Insurance Limited; Heirs Life Assurance Limited and Enterprise Life Assurance Company Nigeria Limited. NAICOM in a publication […]
NAICOM partners Shippers Council to manage risks at ports
Commissioner for Insurance Sunday Thomas and Executive Secretary, Nigerian Shippers Council Hassan Bello after a meeting in Abuja to discuss areas of possible collaboration. Leave a comment and share The National Insurance Commission (NAICOM) and the Nigeria Shippers Council (NSC) plans to collaborate to reduce the cost of doing business […]
COVID-19: Anchor Insurance donates medical wares to A’Ibom Govt
Leave a comment and share Chuks Udo Okonta Anchor Insurance Company Limited has donated 150 cartons of facemask, 30 cartons of hand gloves and 45 cartons of hand sanitisers to the Akwa Ibom State Government, in support of the fight against COVID-19 pandemic in the state. Chairman, Board of Directors […]
