By Sunday Ojeme Frequent tragedies befalling Nigeria’s security agencies, especially the Nigeria Police Force (NPF), have shot up the insurance claims paid to victims’ families by over 300 per cent in two years. The development, if not checked, is soon likely to increase the N5.4 billion annual budgets for Federal […]
Insurance
Leadway, FBNInsurance, others pay brokers, agents over N33.6bn commission
K Underwriters paid over N33.6 billion to brokers and agents in 2016, Inspenonline can report. Information obtained from the Nigerian Insurers Association (NIA) noted that Non Life Companies paid N22.40 billion, while Life Companies paid N11.19 billion commission to intermediaries in 2016. According to the NIA, companies with large commissions […]
Shareholders kick over NAICOM’s delayed intervention in UNIC Insurance
Shareholders at annual general meeting Leave a comment and share Chuks Udo Okonta Shareholders have expressed concerns over the intervention made by the National Insurance Commission (NAICOM) in UNIC Insurance Plc, stating that the regulator’s actions came a bit late as the firm is almost at the verge of collapse. […]
Leadway Assurance Girl wins Miss Insurance pageant
Reigning Insurance Queen, Oyewole Abigail Leave a comment and share Chuks Udo Okonta Miss Oyewole Abigail, a member of staff of Leadway Assurance Limited has won the 2018 Chartered Insurance Institute of Nigeria (CIIN) Miss Insurance Pageant. She emerged winner after defeating eight other contestants at the event organised by […]
Sovereign Trust Insurance to host golfers
Leave a comment and share Sovereign Trust Insurance Plc is set to host the sixth edition of its eponymous Open Golf Tournament in conjunction with Ibadan Golf Club in the ancient city of Ibadan, Oyo State, from March 23-25, 2018 as part of its contribution to the development of the […]
FG names Emmanuel Nwosu Chairman of NAICOM
Members of the board with the Minister of Finance, Kemi Adeosun (4th left) Leave a comment and share Chuks Udo Okonta The Federal Government has appointed Chief Emmanuel Jideoffor Nwosu, as the Chairman of the Governing Board of the National Insurance Commission (NAICOM). This was disclosed on Thurday in Abuja! […]
FIRS suspends controversial insurance tax law
From left: Partner & Head,Tax,Regulatory & People Services, Wole Obayomi; President, Chartered Insurance Institute of Nigeria, Mrs Funmi Babington-Ashaye, former President, Ogala Osaka and Deputy Director, Office of the Executive Chairman, (FIRS) Abolade Kehinde at the event. Leave a comment and share Chuks Udo Okonta The Federal Inland Revenue Service […]
Breaking: NAICOM takes over management of UNIC Insurance
Leave a comment and share Chuks Udo Okonta .Sets up 4-man interim board to pilot affairs The National Insurance Commission (NAICOM) has taken over the management of UNIC Insurance Plc, one of the ailing firms and set up a 4-man interim board to pilot the affairs of the company for […]
Adeosun to inaugurate NAICOM’s Governing Board today
Leave a comment and share Chuks Udo Okonta The Minister of Finance, Mrs. Kemi Adeosun, will today inaugurate the Governing Board of the National Insurance Commission (NAICOM). The Governing Board is the highest decision making body of the regulator of insurance industry, which has the mandate of setting standards for […]
Babajide Olatunde-Agbeja: Celebrating a clairvoyant insurance professional at 60
Olatunde-Agbeja In the words of Henry David Thoreau “If one advances confidently in the direction of his dreams and endeavours to live the life he has imagined, he will meet with a success unexpected in common hours”. With this wise saying the life and odysseys of one of the most […]
