Soares NIGERIA has emerged one of the top five insurance markets in Africa, ranking fifth with overall market share of 85 percent of premiums in the continent. General-Secretary of the African Insurance Organization, AIO, Ms Prisca Soares at a press conference after the launching of the second Africa Insurance Barometer […]
Insurance
Executive order: NAICOM to rejig capital verification, other initiatives
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) in a bid to align with the executive order on ease of doing business, recently signed by the Federal Government, is working out suitable deadlines for all its priority initiatives. Inspen gathered that top management of the […]
Law Union and Rock Insurance grosses N3.93bn in 2016
From left: Managing Director/CEO, Law Union & Rock Insurance, Jide Orimolade; Chairman, Remi Babalola and Company Secretary, Stanley Chikwendu at the event. Leave a comment and share Chuks Udo Okonta Law Union and Rock Insurance Plc, posted a Gross Premium Income of N3.93 billion, in 2016, its Chairman, Remi Babalola, […]
AIO: Regulatory failings, skills shortage holding Africa back
Soares Africa’s insurance and reinsurance market shows signs of growth despite economic headwinds, according to the 2nd Africa Insurance Barometer report. Investment in infrastructure and a young population were touted by the study as strengths for the continent, with the $64bn insurance market outperforming the wider economy, which has been […]
Insurers hawk third party policy for N1000
Leave a comment and share Chuks Udo Okonta The quest to remain afloat might have forced desperate insurers to hawk third party motor insurance policies for a paltry sum of N1000. Inspen gathered that the insurance price war has heighten in recent times, a situation which might have stemmed from […]
25% of British holidaymakers travel without insurance, data shows
A quarter of British holidaymakers who travel overseas do not have insurance, new figures show. Some 25% went abroad without insurance in the 12 months to May compared with 22% during the previous year, according to research for travel trade organisation Abta. Travellers aged 18 to 24 are the most […]
FBN General Insurance begins awareness campaign in North East
Opadokun FBN General Insurance says it has commenced awareness programmes in the north eastern part of the country to sensitise residents to take insurance cover to mitigate future unexpected losses. Mr Bode Opadokun, Managing Director of the company made the disclosure while speaking with the News Agency of Nigeria (NAN) […]
AIICO Insurance leverages agency, brokers to grow insurance market
From left: Head, Non-Life Business, AIICO Insurance Plc, Adewale Kadri; Executive Director, Babatunde Fajemirokun; Managing Director/CEO Edwin Igbiti and Chief Financial Officer, Ayodele Bamidele at the event in Lagos. Leave a comment and share Chuks Udo Okonta AIICO Insurance Plc says it will continue to leverage close relationship with insurance […]
African Alliance appoints Funmilayo Omo MD/CEO
Mrs Omo The Board of Directors, African Alliance Insurance Plc has appointed Mrs Funmilayo Omo, as the Managing Director and Chief Executive Officer (CEO) of the company. Omo, was appointed Acting Managing Director of the 56 year old life specialist underwriting African Alliance insurance on March 3rd, 2017 following the […]
Consolidated Hallmark Insurance to float microinsurance firm
Efekoha Leave a comment and share Chuks Udo Okonta Consolidated Hallmark Insurance Plc said it is floating a microinsurance company to take advantage of the volume of sales accruable from low-income class. The underwriting firm stated in its 2016 annual report that the microinsurance – CHI Microinsurance Limited is at […]
