Efekoha Leave a comment and share Chuks Udo Okonta Six years after the former Coordinating Minister for the Economy and Minister of Finance, Ngozi Okonjo-Iweala, raised the need for enforcement of insurance through issuance of compliance certificates to policyholders, nothing has been done to activate the initiative. Worried about the […]
Insurance
Share capital: African Alliance, Leadway, Universal insurance top industry’s chart
Leave a comment and share Chuks Udo Okonta As insurance companies scramble to raise the required paid-up share capital that would enable them remain afloat beyond the December 31, 2020, recapitalisation deadline set by the National Insurance Commission (NAICOM), available data has revealed the top rated firms in terms of […]
A flash mob to attract youth to insurance
“It is important that people understand the importance of life insurance early in their life and make it a priority over other spending. Rhythm and beats is the best way to get the message across to youth,” the LIC staffer said. The initiative attempted to cash in on the Valentine’s […]
AIICO partners EdFin MFB on sustainable education
Cross section of participants at the event. Leave a comment and share Chuks Udo Okonta AIICO Insurance Plc., a leading insurer in Nigeria has partnered EdFin Microfinance Bank to provide support on sustainable education in Nigeria. A statement by the Head, Strategic Marketing & Communications Department. AIICO Insurance Plc, Segun […]
Insurers pay over N350m claims on banks, others fraudulent acts
Leave a comment and share Chuks Udo Okonta Insurance companies paid over N350 million claims on frauds perpetrated by banks’ staff and fraudsters in 2018. Data obtained from the Nigerian Insurers Association (NIA) stated that NEM Insurance paid the largest claims amounting to N115.20 million, which was paid to Union […]
Low-income UAE workers to receive free insurance when sending money home
*Democrance, Axa and Hello Paisa team up to offer Dh3,000 in personal accident cover for total disability or death UAE residents remitting money to their home countries in the Middle East, Africa and Asia through Hello Paisa will have complimentary access to the new “Hello Protect” insurance product. Victor Besa […]
Africa Re announces African Insurance Awards
Leave a comment and share Chuks Udo Okonta The African Reinsurance Corporation (Africa Re) has announce entries for the 6th edition of the African Insurance Awards. The objective of the Awards, the organization said is to reward and celebrate innovation, good corporate management and good leadership in the African insurance […]
Linkage Assurance grows profit by 902% in Q4 2019
Braie Leaves a comment and share Chuks Udo Okonta Linkage Assurance Plc has recorded sterling improvements in both its top and bottom-lines for the fourth quarter ended 31st December 2019, despite the harsh operating environment. In the company’s Unaudited Fourth Quarter report submitted to the Nigerian Stock Exchange (NSE), Linkage […]
Roadshow to help Rwandan businesses tap into AfCFTA
Leave a comment and share * Afreximbank, PSF Will Showcase Opportunities from IATF2020 Participation Kigali, 05 February 2020: The African Export-Import Bank (Afreximbank) has announced a roadshow in Kigali to show the Rwandan private sector how it can become a primary beneficiary of the African Continental Free Trade Area (AfCFTA) […]
How insurance sector rejected govt. bids to cut group life premium
Leave a comment and share Chuks Udo Okonta Insurance sector’s rejection of Federal Government bids to reduce the premium for its group life policy was one of the reasons some of government workers didn’t have cover for 2019, Inspenonline has learnt. Inspenonline reliably gathered that the federal government through the […]
