Leave a comment and share Chuks Udo Okonta The Governing Board of the National Insurance Commission (NAICOM) has approved the restructuring of the commission to accommodate new directorates and state branch offices across the country. A statement by the Head, Commissioner’ Directorate, Rasaaq ‘Salami, said under the new structure, three […]
Insurance
How inadequate information on premium bars Nigerians from insurance
Poor patronage of insurance to a large extent stems from poor public knowledge of premium charges on various classes of insurance products. Chuks Udo Okonta, in this report examines how premium cost specification can arouse public interest and boost sales of insurance products. Mr. John Okafor, not real name, left […]
Shareholders threaten to seek compensation from NAICOM over cancelled TBMSC policy
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 […]
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Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has withdrawn and canceled the circular on Tier Based Minimum Solvency Capital (TBMSC) policy.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, […]
