Leave a comment and share Chuks Udo Okonta Policyholders who have genuine claims should demand settlement from their insurers, the Executive Director, Leadway Assurance Company Limited, Ms. Adetola Adegbayi, has canvassed. Adegbayi, who stated this during a media training organised by Leadway Assurance for insurance correspondents, in Lagos State, noted […]
Insurance
Taxation Of Commissions Payable To Insurance Brokers/Agents – An Obligation Or A Nightmare?
Article by Deloitte Nigeria The insurance industry is one of the specialised businesses having a peculiar business model and corresponding distinct tax considerations in Nigeria. The core business of insurers/insurance companies, simply put, is to provide cover to another party (insured), against possible financial loss within a specified period. In […]
Royal Exchange marks 100 years of robust service delivery
From left: Managing Director/CEO, Royal Exchange Prudential Life, Wale Banmore; Group Managing Director, Auwalu Muktari and Managing Director, Royal Exchange General Insurance Company, Benjamin Agili at the event. . Undertakes corporate restructuring Leave a comment and share Chuks Udo Okonta Royal Exchange Plc, Nigeria’s foremost insurance and financial services group, […]
Great Nigeria Insurance launches Pan-Nigeria radio campaign
Osipitan Leave a comment and share Chuks Udo Okonta Great Nigeria Insurance (GNI) Plc has launched a Pan-Nigeria radio campaign in the major local dialects highlighting the brand’s value proposition with the different products under its stable. According to the firm, the campaign which commenced in this quarter is to […]
Insurers lose over N10bn to annuity crisis
Leave a comment and share Chuks Udo Okonta Life insurance operators were robbed over N10 billion by the crisis which hit annuity business last year, Inspenonline can report. The operators were denied annuity premium for the first quarter of 2017 by the National Pension Commission (PenCom) due to the crisis. […]
Leadway Assurance, NAIPCO hold training for journalists
Leave a comment and share Chuks Udo Okonta Leadway Assurance Limited has announced the second edition of the Leadway Journalism training organised in partnership with the National Insurance and Pension Correspondents (NAIPCO). The initiative which is in its second edition is a capacity building initiative organised by Leadway Assurance to […]
Kari to grace brokers members’ evening
Tinubu Leave a comment and share Chuks Udo Okonta The Commissioner for Insurance, Mohammed Kari is expected to graced the February edition of the 2018 Members’ Evening of Nigerian Council of Registered Insurance Brokers (NCRIB) which will be hosted NEM Insurance Plc. The event billed for 3.00pm on Tuesday, February […]
Actor Files N340m Suit Against Cornerstone Insurance, Others
By Akin Kuponiyi A Federal High Court in Lagos, Southwest Nigeria has adjourned till 27th of March, 2018 for hearing a N340 million suit filed against Cornerstone Insurance Company, and one of its subsidiary, Cornerstone Assurance by a Nigerian actor, Mr Ahmed Afolabi Roleola for alleged unauthorized use and exploitation […]
NAICOM accuses insurers of giving over N650bn discounts
Leave a comment and share Chuks Udo Okonta The National Insurance commission (NAICOM) has said insurance companies carry risks that are over N1 trillion, retain N350 billion premium income and discount over N650 billion. The Deputy Commissioner, Technical, NAICOM, Thomas Sunday; who disclosed this at a forum in Lagos, noted […]
NAICOM to owners of ailing firms, recapitalise or face ‘the needful’
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has written to owners of ailing insurance firms presently under its intervention to urgently recapitalise to prevent it from doing ‘the needful’. Deputy Commissioner, Technical, NAICOM, Thomas Sunday; who disclosed this at a forum in Lagos, said […]
