Mrs Nwachukwu Leave a comment and share Chuks Udo Okonta Everybody needs insurance to have a secured future, the Managing Director, NSIA Insurance Limited, Mrs Ebelechukwu Nwachukwu, has said. She stated this recently at a forum in Lagos, adding that insurance should be a compelling message to Nigerians, and that […]
Insurance
Why insurance N1tn premium target failed – NAICOM
From left: President, Chartered Insurance Institute of Nigeria, Eddie Efekoha; Chairman, Nigerian Insurers Association, Tope Smart and Deputy Commissioner for Insurance, Technical, Sunday Thomas at an event in Lagos. Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has said the industry’s N1 trillion premium income […]
TBMSC: NAICOM lashes insurers for hiding under shareholders
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has lashed some underwriters for hiding under their shareholders to work against the aborted Tier Based Minimum Solvency Capital (TBMSC) policy. The Commissioner for Insurance Mohammed Kari, who expressed this recently, at a forum with members of […]
Insurers with N3bn capital base to lose high ticket business
Leave a comment and share Chuks Udo Okonta In spite the cancellation of the Tier Based Minimum Solvency Capital (TBMSC), most insurance companies will still lose businesses they used to underwrite as policyholders seemed poised to transfer their risks to underwriting firms with requisite capital base. The President, Chartered Insurance […]
NCRIB lauds NAICOM over SIP withdrawal, cancellation
Leave a commend and share Chuks Udo Okonta The President of the Nigerian Council of Registered Insurance Brokers (NCRIB), Shola Tinubu, has appreciated the Commissioner for Insurance, Alhaji Mohammed Kari and his team for consideration of NCRIB plea to withdraw the guideline on State Insurance Producer (SIP),describing the Commission as […]
Breaking: NAICOM withdraws, cancels SIP policy
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has withdrawn and cancelled the State Insurance Producer (SIP), Inspenonline can report. NAICOM stated this in a circular signed for the Commissioner for Insurance, by the Director, Policy and Regulation, Agboola Pius, entitled, Withdrawal of circular on […]
NAICOM, NCRIB set-up ad hoc committee to review SIP
*To inaugurate brokers’ committee Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) and Nigerian Council of Registered Insurance Brokers (NCRIB) have set-up an ad hoc committee to review the proposed State Insurance Producer SIP) guideline which seemed to has ran into a storm. Arising, from […]
Wapic Insurance launches innovative travel insurance product
From left: Group Head Retail, Wapic Insurance Plc, Patrick Osadebe; Executive Director, Bode Ojeniyi; Chief Executive Officer, Adeyinka Adekoya; National President, National Association of Nigeria Travel Agencies, Bankole Bernard; Group Head, Customer Experience and Fulfillment, Aina Akintunde and Managing Director Designate, Wapic Assurance Limited, Ayodeji Bankole-Olusina at the event. Leave […]
AM Best Upgrades Issuer Credit Rating of Custodian and Allied Insurance Limited
AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb+” from “bb” and affirmed the Financial Strength Rating (FSR) of B (Fair) of Custodian and Allied Insurance Limited (CAI) (Nigeria). The outlook of the Long-Term ICR has been revised to stable from positive while the FSR outlook […]
Two firms to get NAICOM’s microinsurance licence
From left: President, Chartered Insurance Institute of Nigeria, Eddie Efekoha; Chairman, Nigerian Insurers Association, Tope Smart and Deputy Commissioner for Insurance, Technical, Sunday Thomas at the event. Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) is set to issue operational licences to two microinsurance companies […]
