Kari Leave a comment and share Chuks Udo Okonta The conduct of some of our professionals in the market is; to say the least; appalling, the Commissioner for Insurance, Mohammed Kari, has said. He disclosed this at a forum in Abeokuta, Ogun State, adding that stakeholders in the industry look […]
Insurance
Sovereign Trust Insurance grows balance sheet to N9.5bn
Chairman , Sovereign Trust Insurance Plc, Mr. Oluseun O. Ajayi, MD/CEO, Olaotan Soyinka and Executive Director, Marketing and Business Development, Ugochi Odemelam at the 22nd Annual General Meeting of Sovereign Trust Insurance Plc held in Lagos. Leave a comment and share Chuks Udo Okonta Sovereign Trust Insurance Plc has grown […]
General business insurers face dwindling gross premium income
Leave a comment and share Chuks Udo Okonta Insurance companies underwriting general business are presently contending with dwindling Gross Premium Income (GPI), Inspen can report. According to a report obtained from the Nigerian Insurers Association (NIA), operators underwriting general business, wrote a gross premium income of N187.42 billion in 2013, […]
NAICOM experiments RBS with 10 insurance companies
From left: Chairman, Nigerian Insurers Assocition and Deputy President, Chartered Insurance Institute of Nigeria, Eddie Efekoha; Commissioner for Insurance Mohammed Kari and Governor of Ogun State, Ibikunle Amosu at the event. Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) would soon begin the experimentation of […]
NAICOM to sack insurance managing directors over unpaid claims
From left:Commissioner for Insurance Mohammed Kari; Governor of Ogun State, Ibikunle Amosu and President of the Chartered Insurance Institute of Nigeria, Funmi Babington-Ashaye at the event. .To defray claims from firms’ statutory deposit Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) says it is working […]
Insurers Pay N5bn Claims To Lagos, Benue Flood Victims
By ZAKA KHALIQ As the flood continues to cause havoc across the country, owners of properties affected by the deluge and storms in Lagos and Benue States have been compensated by insurers to the tune of about N5billion, LEADERSHIP has exclusively learnt. While insurers have paid most victims who had […]
NAIC mgt expenses exceed gross premium income
Leave a comment and share Chuks Udo Okonta The Nigerian Agricultural Insurance Corporation (NAIC) in 2015 wrote a gross premium income of N1.04 billion, but had management expenses of N1.10 billion, a ratio of 1.07 per cent, this necessitates the need for the Federal Government to urgently refocus the operations […]
NAICOM vows to apologise, refund ‘unjustified’ fines
Leave a comment and share Chuks Udo Okonta The Commissioner for Insurance and helmsman, National Insurance Commission (NAICOM) Mohammed Kari, has vowed to apologise and refund all ‘unjustified’ fines imposed on insurance companies that have concrete evidence to prove their innocence. He told NAIPCO Trumpet, a flagship Journal of National […]
Linkage ‘SMEComprehensive Insurance Plan’ offers survival for small, medium size businesses
Apere Leave a comment and share Chuks Udo Okonta Linkage Assurance Plc says it is committed to helping small and medium enterprises survive business challenges and grow into the future. The company through one of its newest products ‘SMEComprehensive Insurance Plan’ provides financial protection to small and medium sized businesses […]
MTN To Collaborate With Insurance Companies To Boost Growth Of Insurance Industry In Ghana
By Sammy Heywood Okine CEO of MTN Ghana, Mr. Ebenezer Twum Asante, has stated that the telecommunications giant is ready to partner with insurance companies to leverage technological innovations that will boost the growth of the insurance industry in Ghana. Mr. Twum Asante said this when he gave a speech […]
