Leave a comment and share Chuks Udo Okonta Insurance Loss Adjusters have cried out over the N250 million unpaid fees by underwriters. A Loss Adjusters, who does not want to be named, told Inspenonline that the debt is threatening their operations, stressing that it is worrisome that, after providing their […]
Insurance
Underwriters jostle for businesses from brokers
Leave a comment and share Chuks Udo Okonta Underwriters in a bid to secure businesses, now jostle to host Nigerian Council of Registered Insurance Brokers (NCRIB) monthly Members’ Evening, a platform that attracts about 200 brokers. According to statistics, brokers are said to control 80 per cent of insurance business […]
Insurers uncover fraudulent claims through intercompany relationships
From left: Chairman, Nigerian Insurers Association, Eddie Efekoha and Director-General, Mrs Yetunde Ilori at the event. Leave a comment and share Chuks Udo Okonta Insurance companies have uncovered fraudulent claims through market cohesion and improved intercompany relationship, the Chairman, Nigerian Insurers Association (NIA), Eddie Efekoha, has said. He disclosed this […]
Insurance industry now covers China’s entertainment
Moviegoers read film synopses on a wall display at a cinema in Nankai district, Tianjin. China’s entertainment industry will see customized insurance products. (Photo provided to China Daily) Global insurance company Allianz announced recently that it will expand its entertainment insurance business to the Chinese mainland and Hong Kong, in […]
These are the most complained-about insurance companies in South Africa
The Ombudsman for Short-Term Insurance (OSTI) has released its Annual Report on Operations for 2017. According to the report, 9,962 complaints were resolved in the review period, with an average turn-around time of 131 days. A total of R87.1 million was recovered for consumers. The highest category of claim-type was […]
About five million vehicles have genuine insurance – NIA
From left: Controller, Information Technology, Research & Statistics, Nigerian Insurers Association, Mrs Bola Omole; Chairman, Eddie Efekoha and Director-General, Mrs Yetunde Ilori at the event. . To begin construction of multi-million secretariat Leave a comment and share Chuks Udo Okonta Vehicles with genuine insurance policies captured on the Nigeria Insurance […]
Guinea Insurance shareholders’ fund now N3.4 billion
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has approved the 2017 audited financial statements of Guinea Insurance Plc, as its shareholders’ fund grew by 16 per cent from N2.9 billion in 2016 to N3.4 billion in 2017. A statement by the Team Lead, Corporate […]
FBNInsurance donates dialysis machine to Gbagada General Hospital
From Left: Chairperson, FBNInsurance, Adenrele Kehinde, commissioning the dialysis machine the company donated to Gbagada General Hospital as Managing Director/Chief Executive Officer, Val Ojumah and Member, Board of Directors, Caleb Yaro, both of FBNInsurance, look on. .supports pregnant women with an ultrasound scan machine Leave a comment and share Chuks […]
FBN General Insurance grosses N3.51bn premium in 2017
Opadokun Leave a comment and share Chuks Udo Okonta FBN General Insurance said it recorded a gross premium of N3.51 billion in 2017. According to the firm, the account which has been approved by the National Insurance Commission (NAICOM) revealed a 60 per cent growth in premium, moving from N2.2 […]
Universal Insurance appoints Paulinus Offorzor as ED-Technical Operations
Offorzor Leave a comment and share Chuks Udo Okonta Universal Insurance Plc has announced the appointment of Paulinus Offorzor as its Executive Director, Technical Operations following the confirmation by the National Insurance Commission (NAICOM). The appointment came on the backdrop of NAICOM’s directive that insurers should have an executive director […]
