Leave a comment and share Chuks Udo Okonta Twenty nine insurance companies need to redouble their efforts to enable them have a sizable share in the underwriting market, Inspenonline can report. According to data obtained from the Nigerian Insurers Association (NIA) which detailed the positions of underwriting firms as at […]
Insurance
Allianz Risk Barometer 2020: Nigerian businesses concerned about the economy and corruption
Leave a comment and share Press Release • 9th annual survey on top business risks attracts record participation of 2,700+ experts from over 100 countriescq • Macroeconomic developments rises from #9 to #1 in Nigeria as the economy has showed no sign of acceleration in Q3 • Theft, fraud and […]
Funmi Omo, MD African Alliance Insurance loses Dad
Ajani Leave a comment and share The pioneer Bishop of Egba West (Anglican Communion), Rt. Revd. Samuel Olukunle Ajani, is dead. The event occurred in the late hours of 26 January, 2020 after a brief. He was 80. Widely called “Pillar of Faith” by parishioners and friends, Rt. Revd S.O […]
Insurers should be wary of natural disaster in 2020 – Anchor insurance MD
Ebose Leave a comment and share Chuks Udo Okonta The Managing Director/Chief Executive Officer, Anchor Insurance limited, Ebose Augustine, has called on his fellow underwriters to be wary of risks that my arise from natural disaster as they do their business this year. He gave the admonition during an interaction […]
Anchor Insurance eyes N10bn premium income in 2020
From left: Executive Director, Technical, Adebisi Ikuomola; Company Secretary/Legal Adviser, Ime Umoh, Managing Director/Chief Executive Officer, Ebose Augustine; Head, Enterprise Risk Management, Olubukola Koyenikan; General Manager, Business Development Jide Fasanmi and Head, Brand & Corporate Communications, Nelson Egboboh all of Anchor Insurance Company Limited after playing hosts to the Insurance […]
NSIA Group celebrates 25th anniversary, targets top five positions in businesses
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 […]
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 […]
