By Kingsley Omonobi The Police in Zone 5, with headquarters in Benin, Edo State, have presented cheques of N15.4 million to families of 30 police officers who were either killed or maimed in the line of duty especially in their confrontation with armed robbers, kidnappers, militants and oil thieves. The […]
Insurance
Insurance sector needs whoa effect – Expert
Leave a comment and share Chuks Udo Okonta The insurance sector needs a whoa effect that would enable the public to willingly buy its products, the Chief Executive Officer, JSP Communications, Dr. Phil Osagie, has canvassed. He disclosed this in Lagos, stressing that for the sector to take its rightful […]
FBNInsurance gives N14.5m cover to insurance, pension journalists
From left: Festus Izevbizua – CFO FBNInsurance, Val Ojumah- MD/CEO FBNInsurance, Omobola Tolu-Kusimo- President NAIPCO, Ngozi Onyeakusi – Financial Secretary NAIPCO, Emeka Dibia- CHRO FBNInsurance) at the event. Leave a comment and share Chuks Udo Okonta FBNInsurance Limited, has provided a Group Family Shield cover valued at N14.5million for 39 […]
Uncertainty over the future of Obamacare may drive insurers away
By Kris B. Mamula / Pittsburgh Post-Gazette Bethel Park health insurance broker Dave Scott tells clients that it’ll be two, three, even four years before the Affordable Care Act is dismantled, which congressional Republicans call a high priority in the new year. “It’s a very delicate situation,” said Mr. Scott, […]
Insurance lobby groups to merge amid Brexit push
Some London-based insurers signalling they may transfer their businesses to Ireland Joe Brennan Ireland’s two insurance lobby groups are planning to merge as the industry prepares for a surge in business from London following the decision by UK voters to quit the European Union. Members of the Dublin International Insurance […]
Presidency, MDAs to spend N22.4bn on insurance premium this year
President Buhari presenting the budget By Favour Nnabugwu The Presidency, ministries of Foreign Affairs, Education and the other Ministries, Departments and Agencies, MDAs, are to spend N22.4 billion on insurance premium this year, according to the 2017 budget. An analysis of the fiscal document, submitted by President Muhammadu Buhari, to […]
Royal Exchange, others paid N234.6m to NNPC as group life claims
Leave a comment and share Chuks Udo Okonta Life insurance operators paid about N234.6 million as group life insurance claims to the Nigerian National Petroleum Corporation (NNPC) in 2014, Inspen can report. According to a report by the Nigerian Insurers Association (NIA) the claims which were paid for the death […]
Embrace rebranding project NIA urges insurance agents
Efekoha Leave a comment and share Chuks Udo Okonta The Chairman, Nigerian Insurers Association (NIA) Eddie Efekoha, has urged members of Association of Registered Insurance Agents (ARIAN) to embrace the industry’s proposed N300 million rebranding project which was conceived to change public perception on insurance business. Efekoha, who said this […]
Ghanaian insurance industry profitability still low– Commissioner
Lariba Lydia Lariba, Commissioner of the National Insurance Commission (NIC), has stated that even though the industry’s gross premium income has seen significant growth over the years, profitability has not increased commensurately. At a cocktail organised by SIC Life for its staff in Accra, the Commissioner said competition in the […]
FBNInsurance Group donates to Down Syndrome Foundation
From left: Shola Osho, Head, Alternative Distribution, FBNGI; Festus Izevbizua, Chief Financial Officer, FBNI; Bode Opadokun, Managing Director, FBNGI; Muyiwa Majekodunmi, Admin Manager, Down Syndrome Foundation; Supo Sogelola, Head, Corporate Distribution, FBNI; Elizabeth Agugoh, Head, Marketing and Corporate Communications, FBNI; and some children of the Down Syndrome Foundation during the […]
