President of RIMSON, Raymond Akalonu Leave a comment and share Chuks Udo Okonta The President and Executive Committee of Risk Managers Society of Nigeria ( RIMSON ) has regrettably postponed the 2020 Executive Risk Management Seminar and Induction of new Members, Associates and Fellows, originally slated for Tuesday, March 24, […]
Insurance
NAICOM to bar insurers from foreign expansion post recapitalisation
Thomas Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has forewarned insurance companies not to consider foreign expansion post recapitalisation, as funds raised in the ongoing recapitalisation will be deployed locally to underwrite big businesses, pay claims and support the economy. The Acting Commissioner for […]
COVID-19: Indian traders’ body demands insurance cover for disrupted business and loss of income
By Anoop Khanna The Confederation of All India Traders (CAIT) has sought a mandatory insurance cover for business disruptions and loss of income from pandemics like COVID-19. In a letter addressed to Indian finance minister Nirmala Sitharaman, CAIT said, “It is pertinent to note that (non-damage) business interruption insurance available […]
NCRIB commiserates with government, victims of Abule-Ado inferno
Dr. (Mrs.) Bola Onigbogi *Reaffirms Insurance as enduring solution to disasters Leave a comment and share Chuks Udo Okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) has described as unfortunate the recent fire disaster that occurred at Abule-Ado in Lagos State during which 20 lives were lost and properties […]
COVID-19: Royal Exchange bans handshakes, physical contacts within office environment
Banmore Leave a comment and share Chuks Udo Okonta As part of precautionary measures against the deadly coronavirus, Royal Exchange Plc has banned handshakes and physical contacts within its premises. The Group Managing Director of the organisation, Wale Banmore, who stated this in a memo obtained by Inspenonline, noted that […]
Most coronavirus-hit UK firms not protected by their insurance policies
*Most policies exclude cover for pandemic-related sales losses as calls grow for more government help Rachel Reeves is chair of the business, energy and industrial strategy select committee. Rachel Reeves said even if the government mandated businesses to close, those businesses would not be able to make a claim. Photograph: […]
DBS offers free COVID-19 insurance cover for its customers
By Jimmy John DBS Bank India has entered into a partnership with Bharti AXA to offer a complimentary insurance plan for its DBS Treasures customers in India. The complimentary insurance plan covers all medical conditions, including COVID-19 and up to 10 days of hospitalisation, with a cover of INR5000 ($70) […]
COVID-19: AM Best to deploy Pandemic-Related stress test for rated insurance companies globally
Leave a comment and share Chuks Udo Okonta AM Best is developing stress testing that it will conduct on its rated insurance companies’ balance sheets to gauge the impact of the COVID-19 virus fallout on their risk-adjusted capital levels, investment portfolios, reserve adequacy and other aspects of the risks borne […]
FBNInsurance settles N9.92bn claims in 2019
Ojumah Leave a comment and share Chuks Udo okonta At FBNInsurance, prompt settlement of customer’s claims is key to the success of their business; this has also continually boost customers’ confidence and trust in the company. The 2018 Most Profitable Life Insurance Company in Nigeria, FBNInsurance Limited, paid the sum […]
Champion Newspaper’s excellence award holds March 20
…Govs Ayade, Ugwuanyi, Airpeace CEO, Zenith Bank GMD, Globacom others make list Leave a comment and share The best of the nation’s human resources and institutions will be on parade on Friday March 20, 2020 as Champion News Media, the publishers of Champion Newspapers rolls out the drums in celebration […]
