Janine Kacou DIAGOU Leave a comment and share Chuks Udo Okonta NSIA Group, leader in the bancassurance sector in West and Central Africa, celebrated its 25th anniversary this year in the Group Head office at Abidjan and across Africa on January 14, 2020, approaching the new decade with confidence and […]
Insurance
Annuity to get huge chunk of N10tn pension assets – NAICOM
Leave a comment and share Chuks Udo Okonta The National insurance commission (NAICOM) has expressed optimism that substantial part of the N10 trillion pension assets will empty into the insurance portfolio. The Acting Commissioner for Insurance, Sunday Thomas, who expressed the hope, said NAICOM is working assiduously to put in […]
Insurers pool N329.12bn premium from Lagos, other South West markets
Leave a comment and share Chuks Udo Okonta Insurance companies generated N329.12 billion out of the total industry premium of N413.85 billion from policyholders within the South West of the country in 2018, Inspenonline has learnt. According to the Nigerian Insurers Association (NIA), operators got the largest premium amounting to […]
Insurance brokers generate N220.89bn premium for underwriters
Leave a comment and share Chuks Udo Okonta Insurance brokers generated N220.89 billion out of the N413.85 billion gross premium income recorded by underwriters in 2018, Inspenonline can report. Data obtained from the 2018 Nigeria Insurance Digest, produced by the Nigerian Insurers Association (NIA), also revealed that the amount was […]
2018 Nigeria insurance industry snapshot
Chairman, Nigerian Insurers Association, Tope Smart Leave a comment and share Chuks Udo Okonta Gross Premium Written N413.8 billion Gross Claims Paid N193.5 billion Reinsurance Paid N118.4 billion Net Premium Income N287.8 billion Total Underwriting Profit N56.6 billion Profit Before Tax N40.2 billion Profit After Tax N31.5 billion Shareholders’ Fund […]
NAICOM to produce 100 actuarial analysts
From Left: Member, Committee on Actuarial Development, National Insurance Commission (NAICOM), Oladimeji Salami; NAICOM Director, Policy & Regulation, Pius Agboola; Rector, College of Insurance and Financial Management, Dr. Yeside Oyetayo; Acting Commissioner, NAICOM, Sunday Olorundare Thomas; Facilitator, Nigeria Actuarial Society (NAS), Jola Fakoya; Chairman, NAICOM Committee on Actuarial, Taiwo Adeoye […]
Allianz Global Corporate & Specialty appoints Henning Haagen as new Chief Underwriting Officer
Henning Haagen Leave a comment and share • Henning Haagen is currently Regional Head of Specialty and Northeast Zone Executive for AGCS North America and will become Chief Underwriting Officer Specialty effective March 1, 2020. • Haagen brings extensive experience in international Underwriting and Reinsurance business. Allianz Global Corporate & […]
Deploying insurance as enduring elixir for rampaging fire
Leave a comment and share By Dele Ayeleso Risks are inevitable part of human’s life. Nature has various manifestations that could either be gentle or aggressive. Sometimes, incidence of nature could be so calm while at the other times, it becomes fierce. The calm side is loved and desired by […]
NCRIB seeks insurance cover for LCCI’s yearly multi-billion Naira trade fairs
From left: The Executive Secretary, Nigerian Council of Registered Insurance Brokers (NCRIB), Fatai Adegbenro; Deputy President (NCRIB), Rotimi Edu, MNI; President (NCRIB), Mrs Bola Onigbogi; President, Lagos Chamber of Commerce and Industry, (LCCI), Mrs Toki Mabogunje; Vice President, (NCRIB) Tunde Oguntade and Director General, LCCI, Muda Yusuf during a courtesy […]
Cornerstone Insurance Plc emerges best performing stock in 2019
From left: Head, Marketing and Corporate Communications Group, Cordelia Ekeocha; Cornerstone Insurance Plc, Executive Director, Technical/Operations, Tokunbo Bello; Group Managing Director/ CEO, Ganiyu Musa; Head, Listings Business Division, Nigerian Stock Exchange, Olumide Bolumole; Head, Central Claims Group & Special Risks Underwriting, Olufunmilayo Amanwa and Group Head, Strategy, Investor Relations & […]
