insurance and pension news
Friday, June 6, 2025
Kindly leave a comment and share Chuks Udo Okonta When your insurance company prays that you will have a claim, don’t say amen, without considering the consequences. You should understand that claims are paid when policyholders suffer loses. As no reasonable person would wish to suffer loses on treasured assets, […]
Kindly leave a Comment and share Two of the biggest names in global and African non-banking finance and insurance services, Sanlam and Allianz, have sparked speculation in Nigeria’s insurance industry following a wave of coordinated digital communication activities indicating an imminent completion of the expected merger of the operations in […]
Kindly leave a comment and share Chuks Udo Okonta In a combined effort to promote road safety and legal compliance, a partnership of stakeholders from the Nigerian insurance industry, comprising the Nigerian Insurers Association (NIA), the Nigerian Council of Registered Insurance Brokers (NCRIB), National Insurance Commission (NAICOM) and Institute of […]
Kindly leave a Comment and share In response to recent media inquiries highlighting common misconceptions around savings elements within life insurance policies, Babajide Osopale, Head, Retail Life Technical at AIICO Insurance Plc, offers clarity on frequently misunderstood aspects – particularly around the early termination of long-term life insurance products. In […]
Kindly leave a comment and share Chuks Udo Okonta NEM Insurance Plc said it recorded a 88 per cent increase in revenue, moving from N52.1 billion in 2023 to N97.9 billion in 2024, even as claims payment rose to N24.9 billion in 2024 from N15.6 billion in 2023 and shareholders […]
Kindly leave a comment and share Chuks Udo Okonta Linkage Assurance Plc, a prominent non-life insurance company in Nigeria, has been assigned a Long-Term Issuer Credit Rating (ICR) of “B+” by AM Best, a leading global credit rating agency. The outlook for both the credit rating and the issuer credit […]
Kindly leave a comment and share Chuks Udo Okonta Building on the successes being recorded in the enforcement of motor insurance third-party by the Nigeria Police, practitioners in the insurance sector have launched a robust campaign to ensure better public understanding. The Head Communication and Stakeholders Management Sub-committee, Insurers’ Committee […]
Kindly leave a comment and share Chuks Udo Okonta The Managing Director/Chief Executive Officer Mutual Benefits Assurance Plc Femi Asenuga, has identified five kind of leadership Nigeria needs to develop and rank with its peers globally. He disclosed this in a keynote lecture presented at the 15th Annual Lecture Series […]
Kindly leave a comment and share Small and Medium-sized Enterprises are the bedrock of Nigeria’s economy, with over 40 million SMEs contributing up to 50 per cent of the nation’s GDP. Yet, SMEs are most vulnerable to adversities commonly experienced in business because they are uninsured. This reaffirms the 2019 […]
Kindly leave a comment and share Chuks Udo Okonta The Nigerian National Bureau of the ECOWAS Brown Card Insurance Scheme recently hosted the first zonal meeting of the scheme in Abuja, Nigeria, to reposition the scheme as a forward-looking, regionally aligned and digitally enabled mechanism that protects lives, supports integration […]
