Ojumah Leave a comment and share Chuks Udo Okonta FBNInsurance Limited has displayed resilience in its business strategy despite the negative impact of the coronavirus pandemic on the Nigerian economy. The company recently paid the sum of N4.4 billion in claims to its customers in the first half of the […]
Insurance
PILA condemns rising cases of rape, domestic violence against women
Joyce Ojemudia Leave a comment and share Chuks Udo Okonta The Professional Insurance Ladies Association (PILA) has joined the civil society groups, Non-governmental organisations and other well meaning Nigerians home and abroad to condemn in totality the rising cases of rape, assault and domestic violence against women. PILA said this […]
Eyes on set goals
Mrs. Nwachukwu We are pleased to have met the set goals for the financial year of 2019 and we expect to significantly grow our income for better competitive edge. We look forward to growing capacity by 25% before the end of 2020 even as we plan for a 30 per […]
MTN expands mobile insurance with three new products
By Brendyn Lotz One upside of lockdown is that my smartphone rarely leaves my desk and as a result, it hasn’t hit the floor at all in the last four months. That having been said, accidents do happen and if you’re an MTN customer the mobile network has introduced three […]
NSE cautions investors against Staco Insurance, IEI, three others for failure to file accounts
Leave a comment and share Chuks Udo Okonta The Nigerian Stock Exchange (NSE) yesterday advised investors to trade with caution on the securities of five insurance companies due to the absence of up to date financial information on them. According to the NSE, the four companies are: Goldlink Insurance Plc; […]
FBI sees spike in fraudulent unemployment insurance claims
The FBI has seen a spike in fraudulent unemployment insurance claims complaints related to the ongoing COVID-19 pandemic involving the use of stolen personally identifiable information (PII). US citizens from several states have been victimised by criminal actors impersonating the victims and using the victims’ stolen identities to submit fraudulent […]
Major UK insurer offers travel insurance refunds following lockdown
Zurich UK has announced that it will be returning GBP300,000 ($375,808) to travel insurance policyholders and is now in the process of offering a refund or rescheduling cover for every single policy holder (8,000 customers) who were unable to travel during the UK’s lockdown. “Travel insurance is designed to protect […]
Efekoha bows out of office July 15, gives account of stewardship
Efekoha Leave a comment and share Chuks Udo Okonta The Outgoing President of the Chartered Insurance Institute of Nigeria (CIIN), Eddie Efekoha, whose tenure is set to end on Wednesday, July 15 2020, has said he is satisfied with achievements he recorded in the last two years at the helms […]
NSIA Insurance posts N9.19bn GPI in 2019
Ighodalo Leave a comment and share Chuks Udo Okonta Shareholders of NSIA Insurance Limited at the firm’s Annual General Meeting (AGM) which held on Tuesday, June 30, 2020 via teleconferencing, adopted all the resolutions submitted and approved a dividend payment of 1.45k (N0.0145k) per share for the 2019 financial year. […]
Insurance Brokers caution on commercial implications of coronavirus
Leave a comment and share Shaibu Ali, the Vice President of the Insurance Brokers Association of Ghana, has urged brokers to carefully assess the commercial implications of the COVID-19 pandemic on their clients to protect themselves from the risk of claims. Mr Ali, who is also the CEO of KEK […]
