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 […]
Insurance
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 […]
Three Africa countries may start implementation of TBMSC before Nigeria
From left: President, Chartered Insurance Institute of Nigeria, Eddie Efekoha and Commissioner for Insurance, Mohammed Kari at an event in Ibadan, Oyo State. Leave a comment and share Chuks Udo Okonta Unless urgent steps are adopted to resolve the impasse clogging the implementation of the Tier-Based Minimum Solvency Capital (TBMSC), […]
NAICOM to open 20 new branch offices, releases guidelines for State Insurance Producer next week
From left: President, Chartered Insurance Institute of Nigeria, Eddie Efekoha and Commissioner for Insurance Mohammed Kari at the event. Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) will next week release the new distribution channel guidelines called the State Insurance Producer (SIP), Inspenonline can report. […]
Experts hinge insurance sector survival on 99% untapped uninsured potentials
Mrs Ilori Leave a comment and share Chuks Udo Okonta Insurance industry’s survival largely depends on ability of government and operators to unlock and harness the 99 per cent uninsured population of of the economy, experts have said. According to them, the industry would never take its rightful place in […]
NIA faults claims to handover three insurance firms to SEC
Mrs Ilori The Nigerian Insurers Association (NIA) today faulted a report credited to the Chairman of the House Subcommittee on Capital Markets and Institutions, Tony Nwulu, who threatened to authorize the Securities and Exchange Commission (SEC) to take over three Insurance Companies on account of “some alleged” infractions. A statement […]
FBN Insurance Brokers is insurance broker of the year
Leave a comment and share The Nigeria Finance Innovation Awards has announced FBN Insurance Brokers as the Insurance Broker of the year. The announcement was made at a colourful ceremony held recently at the Oriental Hotel, Lekki. According to the organisers, FBN Insurance Brokers was thus awarded “in recognition of […]
Staco Insurance denies allegation of infractions by Reps
Leave a comment and share Chuks Udo Okonta In a seemingly response to the news of infractions of some Insurance firms on the invitation by the House of Representatives sub-committee on Capital market, the Management of Staco Insurance Plc has denied the allegation of infractions and once again reiterated its […]
