Ojumah Leave a comment and share Chuks Udo Okonta FBNInsurance, has released its financial report for the year ended 2017 as approved by the National Insurance Commission (NAICOM). The company’s Profit Before Tax (PBT) grew by 37 per cent from N3.11 billion in 2016 to N4.26 billion in 2017; while […]
Insurance
AIICO Insurance posts N32.1bn gross premium in 2017
From left: Executive Director Technical, AIICO Insurance Plc, Kadri Adewale; Executive Director Operations, Babatunde Fajemirokun and General Manager Retail Life, Sola Ajayi at the event. .Declares 5k dividend Leave a comment and share Chuks Udo Okonta AIICO Insurance Plc, has announced its financial results for the year ended December 31, […]
Adenike Popoola wins Pan African Re/Insurance Award
Winners of the 2018 Pan African Re/Insurance Journalism Awards (L-R) Otiato Guguyu, Odimegwu Onwumere, Dr. Femi Oyetunji (Group Managing Director, Continental Reinsurance), Adenike Popoola and Gareth Stokes. Leave a comment and share Chuks Udo Okonta Adenike Popoola, Chief Correspondent of Nigerian’s The Punch newspaper has emerged the winner for Best […]
CIIN deepens collaboration with CII UK on human capital development
From left: Richard Borokini, DG CIIN; Sian Fisher, CEO Chartered Insurance Institute UK; Funmi Babington- Ashaye, President Chartered Insurance Institute of Nigeria; Ven. Ladipo Ajayi Past President, CIIN; Dr Yeside Oyetayo, Rector College of Insurance & Financial Studies and John Bissell, COO, CII UK during Collaboration meeting between Chartered Insurance […]
Anchor Insurance appoints Augustine Ebose Managing Director
Ebose Leave a comment and share Chuks Udo Okonta Anchor Insurance Company Limited has announced the appointment of Augustine Ebose as its Managing Director, following the confirmation by the National Insurance Commission (NAICOM). A statement by the firm’s Brand and Corporate Communications Manager, Jamiu Osoba, said the Board of Directors […]
Fraudulent insurance claims on the rise
It is estimated that as much at 32% of all claims submitted in any year are fraudulent. Tough times tend to elicit desperate behaviour from people. The slow economic growth, coupled with macroeconomic uncertainty, of the past few years have resulted in a marked increase in the amount of insurance […]
Insurers explain reasons for delay in filing 2017 accounts at NSE
Leave a comment and share Chuks Udo Okonta Insurance firms that could not meet the March 31, deadline for submission of their financial statements to the Nigerian Stock Exchange (NSE) said they were unable to submit due to delays arising from conclusions on the accounts. “The Management of AIICO Insurance […]
Economy GCR Affirms AIICO Insurance A(NG) Rating
Chairman AIICO Insurance, Bukola Oluwadiya By Dipo Olowookere Global Credit Ratings has affirmed the national scale claims paying ability rating assigned to AIICO Insurance Plc of A(NG), with the outlook accorded as Negative. GCR explained in a statement yesterday that the rating was affirmed because the insurer’s assets continue to […]
Linkage Assurance to sell motor insurance online
Dr. Apere Leave a comment and share Chuks Udo Okonta Linkage Assurance Plc, has secured the approval of the National Insurance Commission (NAICOM) to distribute its motor insurance policies online through a robust technology platform that makes it more accessible to its customers anywhere in Nigeria. The firm said the […]
Underwriters pay over N942.26m claims on Dana Air clash
Leave a comment and share Chuks Udo Okonta Four years after a Lagos-bound Dana Air aircraft from Abuja, crashed into a two-storey building at Ishaga, at the Iju-Ishaga area of Lagos, insurance companies were still battling to settle the claims as four of them paid about N942.26 million in 2016 […]
