Leave a comment and share Chuks Udo Okonta The Chartered Insurance Institute of Nigeria (CIIN) said entries are invited online from interested persons within and outside the insurance industry for its April 2020 professional examination from December 2, 2019 to January 31, 2020. A document signed by the Director-General of […]
Insurance
Agric underwriters target five million farmers
Aghoghovbia Leave a comment and share Chuks Udo Okonta Insurance companies underwriting agriculture insurance hope to provide cover for five million farmers in the next two years, Inspenonline can report. The Deputy Managing Director/Chief Operating Officer, African Reinsurance Corporation, Ken Aghoghovbia, said this today at the ongoing Africa Re and […]
Nurturing multi-billion Naira insurance sector on robust data
Ascertaining the real growth and contributions by the insurance sector to the nation’s Gross Domestic Product (GDP) has remained a puzzle, as pundits have continued to juggle different figures due to dearth of data. Chuks Udo Okonta, in this report examines the importance of data and effects of insufficient data […]
NAICOM to host African Insurance regulators on Dec. 9 in Abuja
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) is set to host the 3rd General Assembly of the Association of African Insurance Supervisory Authorities (AAISA) on December 9 – 10, 2019 at the Transcorp Hilton, Abuja. AAISA is the umbrella body set up to bring […]
Guinea Insurance to raise N8bn capital
Abidogun Leave a comment and share Press release Consequent to the June 30th, 2020 deadline given by National Insurance Commission (NAICOM) for firms to comply with its new capital regime; it was hats off to Guinea Insurance PLC at its 61st Annual General Meeting held recently in Uyo, Akwa Ibom […]
FBNInsurance settles N5.4bn claims in 9 months
Ojumah Leave a comment and share Chuks do Okonta FBNInsurance Limited, one of the leading life insurance companies in Nigeria, has paid out N5.4bn claims settlements to its clients at the end of the third quarter of 2019, the Managing Director/ Chief Executive Officer, Val Ojumah has said. Ojumah, in […]
Consolidated Hallmark Insurance gets shareholders’ nod to raise N4.5bn capital
Leave a comment and share Chuks Udo Okonta Consolidated Hallmark Insurance (CHI) has secured shareholders’ approval to raise N4.5 billion additional capital to shore-up its minimum paid-up capital to N10 billion, ahead of the 30th of June 2020 deadline given to insurance companies in the country to recapitalise to a […]
Consolidated Hallmark Insurance Micro-Life Insurance subsidiary begins early 2020
Leave a comment and share Chuks Udo Okonta Consolidated Hallmark Insurance hopes to commence operations of Micro-Life Insurance early next year having paid the statutory deposit and licence application fee to the Central Bank of Nigeria ( CBN) and National Insurance Commission (NAICOM) respectively. The firm’s Chairman, Obinna Ekezie, disclosed […]
NAICOM counsels brokers to spread operations across Nigeria
Leave a comment and share Chuks Udo Okonta The National Insurance Commission has urged Insurance Brokers to establish their presence in all the nooks and crannies of the country to accelerate insurance penetration and financial inclusion. The Acting Commissioner for Insurance, Sunday Thomas gave the counsel when the delegation of […]
Niger Insurance posts N661.31m PBT in 2018, assures policyholders of claims payment
From left: Managing Director, Niger Insurance Plc, Edwin Igbiti and Chairman, Stephen Dike at the event. *Seeks N15bn fresh capital Leave a comment and share Chuks Udo Okonta Niger Insurance Plc, posted a Profit Before Tax (PBT) of N661.31 million in 2018, its Chairman, Stephen Dike, has said. He disclosed […]
