The Association of Kenya Insurers (AKI) has developed a virtual motor insurance certificate to curb insurance-related fraud in the industry. The insurance industry umbrella lobby said Monday that the digitisation of the insurance certificates will break an elaborate motor vehicle fraud scheme that has been bleeding the industry of millions […]
Insurance
Global Insurance Market 2019 To 2024: Demand To Be Highest In Market Research Industry
By Elizabeth Maples The report offers a detailed overview of the “Global Insurance Market 2019 ” covering key factors like drivers and restraints impacting the growth. The global market is segmented on the basis of manufacturers, product type, applications, and regions. In addition to this, the Insurance report also demand […]
NIA Chief, Tope Smart to Chair Business Journal Lecture/Awards 2019
Smart The Chairman, Nigerian Insurers Association (NIA) and also Group Managing Director/CEO, NEM Insurance Plc, Tope Smart, will chair the Business Journal 2nd Annual Lecture/Awards 2019 which will examine the impact (opportunities & challenges) of digital disruption on various sectors of the Nigerian economy, including insurance. The event which is […]
Flood: NAIC implores farmers to secure investments with insurance
Mrs. Folashade Joseph Leave a comment and share Chuks Udo Okonta The Management of Nigerian Agricultural Insurance Corporation (NAIC) has drawn the attention of Nigerian farmers to the ‘Red Flood Alert’ issued by the Nigerian Hydrological Services Agency (NHISA) with respect to some states of the Federation. A statement by […]
Recapitalisation: A live and let live initiative, case study of the Nigerian insurance industry
Gbadebo Olamerun Recapitalisation is a financial strategy used by a company to change its financial structure in order to weather through a rough financial situation or to help improve the company’s financial stability. It is usually done by altering the debt/equity ratio of the company to increase either the contribution […]
AIICO holds send forth party for Igbiti in grand style
Edwin Igbiti and family Leave a comment and share Chuks Udo Okonta AIICO Insurance Plc. celebrates Edwin Igbiti, the former Managing Director/Chief Executive Officer as he retires from the company after 27 years of meritorious service. A statement by the firm’s Head, Strategic Marketing & Communications Department, Segun Olalandu, noted […]
FG moves to capture 36.6m Nigerians with micro financial plans
From left:Mr. Misbahu Yola, Managing Director, FCMB Pensions; Mrs Ronke Adedeji, President, Association of Pension Fund Operators of Nigeria; Mr. Samuel Ogbodu, Managing Director/CEO, SUNU Assurance Nigeria Plc; Mohammad Ahmad, former Director General, National Pension Commission (PenCom); Dr. Pius Apere Managing Director/CEO, Achor Actuarial Services Ltd/guest speaker; Mr. Fatai Adegbenro, […]
NAICOM moves to reduce burden of recapitalisation on insurers
Chairman, Nigerian Insurers Association, Tope Smart at the event. Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) said it is engaging other relevant regulatory bodies and agencies of government for possible palliatives that will reduce the cost of recapitalisation. The Acting Commissioner for Insurance, Sunday […]
NAIPCO National conference to hold Thursday this week
Members of National Association of Insurance and Pension Correspondents with executives of National Insurance Commission at an event. Leave a comment and share The 4th edition of the National Association of Insurance and Pension Correspondents (NAIPCO) National Conference is set to hold in Lagos on Thursday, August 29, 2019. A […]
Liquidity position of some insurers very bad – NAICOM
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has said the liquidity position of some underwriters is very bad, due to heavy investments on fixed assets. The Director, Policy and Regulation Directorate, NAICOM, Pius Agboola, who stated this at a programme at Ijebu-Ode, Ogun State, […]
