Insurance
African Alliance settles N43.4bn under Dr. (Mrs.) Joyce Ojemudia
Kindly leave a comment and share Chuks Udo Okonta African Alliance Insurance Plc, paid over N43.4 billion claims under the leadership of the immediate past Managing Director/CEO Dr. (Mrs) Joyce Ojemudia. Dr. (Mrs) Joyce Ojemudia, who has resigned from the underwriting firm since June 7, 2024 having worked there for […]
High cost of incorporating broking firm affects deepening insurance penetration – Agboola
*No brokers presence in 16 states Kindly leave a comment and share Chuks Udo Okonta As the search for means to deepen insurance penetration continues, the Managing Director Peerless Management & Solutions Limited and former Director, National Insurance Commission (NAICOM) Agboola Pius, has said the cost incurred on incorporating a […]
Brokers storm markets for insurance education
Kindly leave a comment and share Chuks Udo Okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) has adopted persuasion strategies and visitations to major markets to create more awareness for insurance products among artisans, commercial transporters and market men and women. In a bid to reduce the devastative effect […]
NAICOM’s harmer dangles on African Alliance Insurance over default in annuity payment, claims
Kindly leave a comment and share Chuks Udo Okonta Following increased complaints by annuitants and insurance claimants against African Alliance Insurance Plc in respect of the company’s delay and/or inability to fulfill its obligations, the National Insurance Commission (NAICOM) has given marching orders to the company to resolve and ensure […]
Continental Re, NCF to plant 2,000 trees for environmental preservation
Kindly leave a comment and share Chuks Udo Okonta Continental Reinsurance is collaborating with the Nigerian Conservation Foundation, (NCF) to plant 2,000 trees, as part of efforts to preserve the environment. The tree planting initiative was launched at the Lekki Conservation Centre in Lagos State, Nigeria, on Friday, with sponsorship […]
NEM Insurance keeps hope alive on life arm, grows revenue to N52.1bn in 2023
Kindly leave a comment and share Chuks Udo Okonta NEM Insurance Plc has reiterated that as part of its expansion strategy, the plan to set up a viable life assurance company is in progress, even as the firm’s revenue grew from N31.4 billion in 2022 to N52.1billion in 2023, an […]
Enterprise Life opens offices in Abuja, Port Harcourt
*Restates commitment to driving digitized insurance solutions Kindly leave a comment and share Chuks Udo Okonta Enterprise Life Nigeria has announced the expansion of its operations with the opening of two new branches in Abuja and Port Harcourt. The Managing Director/Chief Executive Officer Enterprise Life Nigeria Funmilayo Omo, disclosed this […]
Committee on insurance of public buildings court governors, lawmakers
Kindly leave a comment and share Chuks Udo Okonta As part of the ongoing initiatives spearheaded by the Commissioner for Insurance, Olusegun Omosehin, to ensure compliance and enforcement, the 2nd meeting of the Insurance of Public Buildings and Buildings Under Construction Committee took place on Tuesday, July 2, 2024, in […]
Insurers should market policies to shareholders at AGM – Adeleke
Kindly leave a comment and share Chuks Udo Okonta With less than five per cent of fringe shareholders having insurance policies, insurers have been called to utilise opportunities provided by Annual General Meetings (AGM) to educate and market their products. The Managing Director Lancelot Ventures Limited and former Secretary, Independent […]
