By Ranamita Chakraborty Considering the impact of the coronavirus pandemic on the insurance market, Fitch Ratings expects life insurers in three major Asian markets – South Korea, China and Thailand – to report significant losses and muted growth. According to individual market reports published by the credit ratings agency recently, […]
Insurance
COVID-19 gives pace to life and health insurance awareness
By AIR team The fear of COVID-19 has motivated one in three Indians to buy a health insurance policy. More than 60% of Indians are thinking about buying health insurance cover either after having personally suffered from COVID-19 and been left with a hefty hospital bill or learning of such […]
Meet NIA Vice Chairman Ebelechukwu Nwachukwu
Mrs. Nwachukwu Mrs Ebelechukwu Nwachukwu is the Managing Director/Chief Executive Officer, NSIA Insurance Company Limited. The Delta State born, is a graduate of University of Benin, Edo State, She is an Alumni of London Business School (Executive Education); London; Alumni and The Columbia Business School, New York. She started her […]
Guinea Insurance congratulates newly appointed NIA Chairman
Musa Leave a comment and share Chuks Udo Okonta The Managing Director, Guinea Insurance Plc., Ademola Abidogun has on behalf of its Board of Directors, Management and Staff, joined the entire insurance business community and professionals of repute in saluting the man of the hour and a great achiever – […]
NIA names Ganiyu Musa new Chairman
Musa Leave a comment and share Chuks Udo Okonta The Nigerian Insurers Association (NIA) has elected the Group Managing Director, Cornerstone Insurance Plc, Ganiyu Musa as its new Chairman. He emerged Chairman at the association’s virtual 49th Annual General Meeting (AGM). Musa is a highly experienced management professional with diversified […]
AIICO Insurance donates reusable face masks to curtail spread of COVID-19
Leave a comment and share Chuks Udo Okonta AIICO Insurance Plc., said it has donated reusable face masks to the Nigerian Red Cross, We Stand Foundation and the African Clean Up Initiative (ACI). Non-Governmental Organisations which are actively leading initiatives for public health and humanitarian causes in battling COVID-19. A […]
NIA records N196m from data upload on NIID in 2019
Mrs. Ilori Leave a comment and share Chuks Udo Okonta The Nigerian Insurers Association (NIA) generated a proceed of N196 million from data upload on the Nigerian Insurance Industry Database (NIID) in 2019, Inspenonline can report. The NIA disclosed this in its 2019 financial report, adding that N5 million was […]
Loss adjuster slams insurer’s decision to reject settlement proposal
Insurance Claims Africa (ICA), a specialist public loss adjustment firm, has expressed its disappointment at insurer Santam’s decision to outright reject a settlement proposal from hundreds of tourism and hospitality businesses. These businesses had purchased BI policies that included extensions for claims arising from infectious or contagious notifiable diseases from […]
Barbers to get COVID-19 cover as business resumes
By Jimmy John Grooming brand Gillette will provide an insurance cover of up to INR100,000 ($1323) for 50,000 barbers as they return to business from the COVID-19 lockdown. Given the nature of their work, the barber community is at a high risk of COVID-19 and so Gillette has announced the […]
Insurance sector generates N490bn business in 2019
Smart Leave a comment and share Chuks Udo Okonta The Nigerian Insurers Association (NIA) has said the volume of business written by the insurance sector grew from N413.8 billion in 2018 to about N490 billion in 2019, representing an increase of 15.55 per cent over 2018 figure. The outgoing Chairman […]
