The Insurance sector life annuity fund portfolio stood at about N323 billion at the end of the second quarter of 2019. The information was made available by Mr Rasaq Salami, Head, Commissioner for Insurance Directorate of the National Insurance Commission (NAICOM) in a statement on Saturday in Abuja. Salami said […]
Insurance
Insurers lose about N160bn yearly to fake motor insurance racketeers
Leave a comment and share Chuks Udo Okonta At a time insurance companies are scrabbling for funds to remain afloat, about N160 billion which ought to accrue to them yearly from motor insurance business, is fraudulently obtained by individuals who engage in production and sales of fake motor policies. According […]
PILA sustains drive on raising young insurance professionals
Leave a comment and share Chuks Udo Okonta The Professional Insurance Ladies Association (PILA) is set to hold a career talk aimed at encouraging and nurturing students towards a career in insurance. According to the President of the association, Mrs. Ose Oluyanwo, the programme with the theme: Together We Can, […]
Possible Risks Affecting Financial Inclusion in Nigerian Micro-Insurance Market
Apere 1st October 2019 By Dr Pius Apere (PhD/FCII) (Actuarial Scientist and Chartered Insurer) Tel: +234(0)8090747971 Introduction The financial sector (including the insurance industry) is one of the key drivers of any economy across the world, as the sector provides a solid framework in accelerating a sustainable economic growth thereby […]
Igbiti steps in as Managing Director of Niger Insurance
Igbiti Leave a comment and share Chuks Udo Okonta Edwin Igbiti has resumed as the new Managing Director of Niger Insurance Plc, Inspenonline can report. A member of staff of the company told this medium that he resumed mid September 2019 and that his resumption, was greeted with great joy […]
NIA launches Wetin You Carry campaign
From left: Controller/Head, Human Resource, Administration and Corporate Communications, Nigerian Insurers Association, Davis Iyasere, Director-General, Mrs. Yetunde Ilori and Controller, Information Technology, Research & Statistics, Mrs Bola Omole at the event. * Deploys kitted Insurance Squad Leave a comment and share Chuks Udo Okonta The Nigerian Insurers Association (NIA) has […]
AXA Mansard Insurance outlook rated negative by AM Best
Leave a comment and share Chuks Udo Okonta The outlook/implication of AXA Mansard Insurance Plc, has been rated negative by AM Best, Inspenonline can report. The global credit rating agency, disclosed this in its September 2019 rating report sent to this medium, stressing that the credit ratings included in the […]
Anchor Insurance sponsors NAFEST Edo 2019
Augustine *Wins double awards Leave a comment and share Chuks Udo Okonta Anchor Insurance Company Limited has throw its weight behind the sponsorship of the National Festival of Arts and Culture otherwise christened NAFEST Edo 2019 being hosted by Edo State in October even as the company has won two […]
Insurers struggle to sell shares at discounted rates
Leave a comment and share Chuks Udo Okonta Insurance companies seemed to be facing herculean task in getting ordinary shareholders take up their share rights at discounted rates, Inspenonline can report. Findings from shareholders revealed that the ordinary equity holders are not taking up the rights presented by some firms […]
Verod to acquire Metropolitan Life Insurance Nigeria
Leave a comment and share Verod Capital Management has received regulatory approvals for its acquisition of 100 per cent of the shareholding of Metropolitan Life Insurance Nigeria from South African-based Momentum Metropolitan Holdings. The transaction, for an undisclosed amount, sees Momentum Metropolitan exit the Nigerian market, in line with its […]
