From left: President, Chartered Insurance Institute of Nigeria, Mrs Funmi Babington-Ashaye and Head of Service of the Federation, Mrs Winifred Ekanem Ita-Oyo, during a courtesy visit to the Head of Service in Abuja. . Lauds Kari’s sterling leadership qualities Leave a comment and share Chuks Udo Okonta The Chartered Insurance […]
Insurance
Insurers pay over N517.57m claims on banks’ fraud
Leave a comment and share Chuks Udo Okonta Insurance companies paid over N517.57 million as claims to banks for fraudulent activities in 2016, even as available data, put banks fraud and forgeries at over N5.52 billion. According a report obtained from the Nigerian Insurers Association (NIA), UnityKapital Assurance Plc, paid […]
NSIA Insurance appoints Ebelechukwu Nwachukwu Managing Director
Nwachukwu Leave a comment and share Chuks Udo Okonta NSIA Insurance Company Limited, has appointed Mrs Ebelechukwu Nwachukwu as its Managing Director/Chief Executive Officer. Nwachukwu, who has since resumed, is expected to bring her wealth of experience on board in driving the affairs of the company, which according to data […]
Irukwu backs seminar for insurance lawyers
Irukwu Respected insurance industry icon, Prof. Joe Irukwu, has thrown his weight behind the forthcoming Insurance Lawyers’ seminar being organised this month in Abeokuta by Adegboyega Adepegba and Co. In a statement made available to New Telegraph, the veteran insurance practitioner and Senior Advocate of Nigeria (SAN), recalled that Insurance […]
Crave for benefits annuity soars
Leave a comment and share Chuks Udo Okonta The demand for benefits annuity has in recent times soars, a report by the National Pension Commission (PenCom) has revealed. According to the pension regulator, 5,243 retirees subscribed to benefits annuity in the third quarter of 2017 as against 2,181 in the […]
Insurers pay over N312.85m claims on deceased police officers
Leave a comment and share Chuks Udo Okonta Life insurance operators paid over N312.85 million group life claims to the Nigerian Police on deceased officers in 2016, Inspenonline can report. This was disclosed in the 2016 Nigeria Insurance Digest, published by the Nigerian Insurers Association (NIA). According to the NIA, […]
Cornerstone Insurance Responds To Actor’s N340m Brand Infringement Suit
Cornerstone Insurance Plc has responded to a N340 million suit instituted by an actor, Mr Ahmed Afolabi Roleola against the company and two others, Cornerstone Life Assurance and Advertising Practitioners Council of Nigeria. Roleola had sued the defendants asking for N340 million for alleged unlawful use of his photographs and […]
NCRIB condemns abduction of 110 pupils in Dapchi
From left: Deputy President, Nigerian Council of Registered Insurance Brokers (NCRIB), Mrs Bola Onigbogi; President, Mr. Shola Tinubu; Managing Director, NEM Insurance Plc, Mr. Tope Smart and Commissioner for Insurance, Alhaji Mohammed Kari at the February Edition of NCRIB Members’ Evening held in Lagos. Leave a comment and share Chuks […]
Guinea Insurance appoints Oshadiya Managing Director
Oshadiya Leave a comment and share Chuks udo Okonta Guinea Insurance has appointment Babatunde Oshadiya as its Managing Director/Chief Executive Officer. A statement by the Team Lead, Corporate Communications of the firm, Ufot Hanson, said his appointment took effect from 1st March, 2018, having been ratified on February 15, 2018 […]
6 underwriters’ management expenses exceed gross premium generated
. Insurers incur N264.15bn mgt expenses in 5 years Leave a comment and share Chuks Udo okonta Some insurance companies are really fighting hard to remain afloat amid the harsh economic maladies, which had pushed them into incurring huge management expenses as against the low premium they generate. According to […]
