By Ranamita Chakraborty Despite confirming over 500 coronavirus cases to date, Japan faces rising concerns that the real number of cases in the country is widely under-reported. Hence in an effort to increase testing and improve reporting of cases, its national health insurance (NHI) system is now covering coronavirus screenings […]
Insurance
How NAICOM rejected operators’ lobby on admissibility of properties in recapitalisation
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has disclosed how some insurance operators engaged the services of a consultant to pressure it into lowering rules on non-admissibility of properties as assets in the ongoing recapitalisation exercise. The Acting Commissioner for Insurance, Sunday Thomas, who […]
Insurance operators celebrate Lady Isioma Chukwuma as she graciously retires
From left: The President/Chairman, Governing Council, CIIN Eddie Efekoha presenting a gift to Lady Chukwuma Leave a comment and share Chuks Udo Okonta Insurance operators from different arms of the industry today gathered to celebrate the past President/Chairman, Governing Council, Chartered Insurance Institute of Nigeria (CIIN) and former Managing Director/Chief […]
AIICO sailing safely to recapitalisation harbour
From left: Chairman, Kundan Sainani; Managing Director/CEO, Babatunde Fajemirokun; Non-Executive Director, Ademola Adebise; Non-Executive Director, Miss. Folakemi Fajemirokun all of AIICO Insurance Plc at today’s Extra-Ordinary General Meeting in Lagos. Leave a comment and share Chuks Udo Okonta AIICO Insurance Plc. has recorded an extraordinary success in its recapitalisation journey […]
FBNInsurance wins 2019 World Finance Global Insurance Award
Leave a comment and share Chuks Udo Okonta From left: Managing Director/Chief Executive Officer, FBNInsurance Limited, Val Ojumah; Chairperson, FBNInsurance, Adenrele Kehinde and Producer, World Finance, Paul Richardson, during the presentation of the Best Life Insurance Company in Nigeria Award to the FBNInsurance Directors by the World Finance held in […]
Staco Insurance Plc sacks 28 staff
Leave a comment and share Chuks Udo Okonta Staco Insurance Plc., has sacked 28 members of its staff, Inspenonline has learnt. According to industry watches, the firm has been battling with payments of claims, salaries and commissions to brokers and agents. The observers believed the firm might have sacked the […]
NAICOM inaugurates working group for seamless adoption of IFRS 17 by Jan. 2022
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) today, Monday, inaugurated the Insurance Industry Financial Reporting Working Group (IIFRWG), an advisory and consultative team it constituted for the purpose of seamless adoption of International Financial Reporting Standards (IFRS)17 in Nigeria. The Acting Commissioner for Insurance, […]
Consolidated Hallmark Insurance N1.057bn rights issue opens
Efekoha Leave a comment and share Chuks Udo Okonta Foremost Insurance company, Consolidated Hallmark Insurance (CHI Plc), has received the approval of Regulators to raise an additional sum of N1,056,900,000 to further beef up its capital base. The Securities and Exchange Commission (SEC) gave the approval to the General Insurance […]
Anchor Insurance pushes N10bn target with fitness, awareness campaign
Managing Director, Anchor Insurance Limited, Ebose Augustine (middle) with members of staff at the event. Leave a comment and share Chuks Udo Okonta Determined to achieve its N10 billion gross premium income this year, Anchor Insurance Company Limited, has organised fitness and awareness campaign to educated the public on the […]
Classy Lady Isioma Chukwuma graciously retires
Mrs. Chukwuma Leave a comment and share Tope Adaramola The Nigerian insurance industry, without a doubt, is blessed with the finest crops of professionals and good heads around. This is obviously against the notion of many, especially those who are often eager to benchmark the professional and intellectual depth of […]
