Shareholders at an event Leave a comment and share Chuks Udo Okonta There is a new twist to the withdrawal and cancellation of the Tier Based Minimum Solvency Capital (TBMSC) policy, by the National Insurance Commission (NAICOM) as shareholders who went to court to challenge the policy have threatened to […]
Insurance
NAICOM cancels TBMSC policy
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has withdrawn and canceled the circular on Tier Based Minimum Solvency Capital (TBMSC) policy. A circular signed by the Director, Policy and Regulation, NAICOM, Pius Agboola, for Commissioner for Insurance, entitled:Withdrawal of Circular on Tier Based Solvency […]
RIFAN unveiled to deepen retail insurance business
From left: Manager Partner, Carmel & Associates, Hon Lawrence Dafiode; National Chairman, Retail Insured Family Association of Nigeria, Akin Bello and Managing Director, Universal Insurance Plc, Ben Ujoatuonu at the event in Abuja. Leave a comment and share Chuks Udo Okonta Retail insurance business has received a boost with today’s […]
NAICOM pegs State Insurance Producer licence at N2m
*Eyes 300% insurance penetration in two years Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has released the guidelines for State Insurance Producer (SIP) business which is expected to commence January 1, 2019 and pegged the operational licence at N2 million. Inspenonline gathered that NAICOM […]
Retail Insured Family to be unveiled November 22
Leave a comment and share Chuks Udo Okonta Determined to deepen insurance penetration, a group has announced plans to unveil a platform christened, Retail Insured Family Association of Nigeria (RIFAN) aimed at promoting retail insurance business in the country. A statement by the Coordinator of RIFAN, Chief Ali Ugwu Theophilus, […]
Sovereign Trust Insurance grosses N9.3bn in Q3 2018
Leave a comment and share Chuks Udo Okonta L Sovereign Trust Insurance Plc says it has continued to make significant progress as its Gross Premium Written (GPW) in the third quarter of 2018 went up by 27 per cent above what was generated in the same period of 2017 with […]
Low insurance penetration promotes isusu, juju assurance – Obi
From left: Chief Executive Officer, Almond Productions Limited, Faith Ughwode, Deputy Commissioner for Insurance, Technical, Sunday Thomas; Officer of Guinea Insurance, Tunde Oshadiya and former Managing Director, Niger Insurance Plc, Clinton Uranta at the event. Leave a comment and share Chuks Udo Okonta There are indications that low insurance penetration […]
Consolidated Hallmark Insurance holds EGM on November 28
Efekoha Leave a comment and share Chuks Udo Okonta Consolidated Hallmark Insurance (CHI Plc) has concluded arrangements to hold its Extraordinary General Meeting (EGM) on November 28, 2018. A statement by the firm stated that the EGM which is scheduled to take place at the Westwood Hotel, 22 Awolowo Road, […]
Insurance firms capital base now below microfinance banks
From left: President, Chartered Insurance Institute of Nigeria, Eddie Efekoha and Commissioner for Insurance, Mohammed Kari at an event. Leave a comment and share Chuks Udo Okonta The insurance sector which ought to provide risk cover for other sectors seemed to be losing its ground as parties it should secure […]
Embracing insurance is the only true way people can live with freedom – Efekoha
From left: The President, Institute of Loss Adjusters of Nigeria (ILAN), Femi Hassan; Director-General, Chartered Insurance Institute of Nigeria, Richard Borokini; Council member, Wale Onaolapo; President General, Central Council of Ibadan Indigenes, Chief Yemi Soladoye; Olubadan of Ibadanland, Oba Saliu Adetunji; President, Eddie Efekoha; Deputy Director General, Uju Ndubisi-Chukwu and […]
