Kari Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has called on insurance consumers with genuine unsettled claims problems to channel their grievances through its Complaint Bureau Unit (CBU) which has been upgraded to attend to aggrieved consumers. The Commissioner for Insurance, Mohammed Kari, disclosed […]
Insurance
Linkage Assurance names Joshua Fumudoh new Chairman
Fumudoh Leave a comment and share Chuks Udo Okonta Linkage Assurance Plc has announced the appointment of Chief Joshua Benard Fumudoh as Chairman of the Board of Directors, subject to the approval of the National Insurance Commission (NAICOM), and ratification by shareholders. The appointment takes effect from January 31, 2018. […]
NNPC, Dangote, Police, others list expectations from insurers
Kari Leave a comment and share Chuks Udo Okonta Major stakeholders in insurance business have demanded efficient service delivery; prompt claims settlement; robust information technology deployment; engagement of qualified personnel; ethical practices amongst others, from insurance operators. The stakeholders spoke at the first interactive session with major consumers of insurance […]
5 insurers get NAICOM’s nod to sell index-based agric insurance
Eyes 3.8 million agricultural primary producers Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has granted product approval to five insurance companies participating in the Index-Based Agricultural Insurance (IBAI) pilot scheme. The Director, Inspectorate, NAICOM Barineka Thompson, who disclosed this last week at a seminar […]
NAICOM fines insurance firms N1.4b for infractions
Kari By: Omobola Tolu-Kusimo The regulatory body of the insurance sector, the National Insurance Commission (NAICOM), has fined some insurance firms over $4 million (N1.46 billion) as penalties for various infractions. The Commissioner for Insurance, Mohammed Kari, who stated this over the weekend at a two-day seminar for insurance correspondents […]
Equity Assurance Sells 67% to French Company
‘ Steven S. Kolubah, Board Chairman of Equity Assurance and Karim Franck Dione, Head, Management Control, Equity Assurance subsidiaries A Franco-phone African Insurance Group, SUNU has bought substantial equity (67 per cent) of Equity Assurance Company Liberia Ltd. This represents a total of US$1.389, 540 million shares bought by the […]
NAICOM gives firms 18 months grace to get fresh microinsurance licence
From left: Deputy Commissioner Technical, National Insurance Commission, Sunday Thomas; Chairman, National Association of Insurance and Pension Correspondents, Mrs Omobola Tolu-Kusimo; Deputy Commissioner (Finance & Administration), George Oneknena and Director, Finance and Accounts, Oba Olufemi at the event. Leave a comment and share Chuks Udo Okonta The National Insurance Commission […]
Linkage Assurance, Niger Delta University to harness talent for insurance industry
From left: Dr Pius Apere, Managing Director/CEO, Linkage Assurance Plc in a handshake with Professor Samuel Edoumiekumo, Acting Vice Chancellor, Niger Delta University (NDU) during a Career Talk by Linkage Assurance Plc at the University Campus in Bayelsa State. …as firm offers career advancement opportunity to exceptional students Leave a […]
South African Insurance Bill signed into law
On 17 January 2018, the President of the Republic of South Africa signed the Insurance Bill into law. Inter alia, the now Insurance Act, 2017, provides a consolidated legal framework for the prudential supervision of the insurance sector that is consistent with international standards for insurance regulation and supervision, and […]
Insurance agents to explore opportunities in microinsurance
Leave a comment and share Chuks Udo Okonta Insurance agents hope to collectively examine the recently released revised guideline on microinsurance and determine how to maximize opportunities therein. The Chairman in Council, Association of Registered Insurance Agents of Nigeria (ARIAN) Gbadebo Olameru, told this medium that the body will sit […]
