From left: CIIN DG, Richard Borokini, Prof. Taiwo Osipitan, SAN watch, while CIIN President, Mrs Funmi Babington-Ashaye takes the oath of office as she assumes the presidency of the Chartered Insurance Institute of Nigeria during her Investiture in Lagos. .To mould Institute’s workforce towards delivering action plan. Leave a comment […]
Insurance
AIICO Insurance resumes writing of PenCom annuity business
From left: Head, Life Benefits & Claims, AIICO Insurance Plc, Titilola Okunlola; Head, Group Life Business, Benson Ogunyamoju; Head, Corporate Services, Phil Maduagwu; Head, Retail Life Business, Sola Ajayi; Head, Non-Life Business, Adewale Kadri; Head, Audit Services, Abiodun Adebanjo and Head, Strategic Marketing & Communications Department, Atinuke Jose at the […]
Africa poised to become digital insurance leader, says Allianz CEO Oliver Bäte
Johannesburg, Munich, July 24, 2017: Oliver Bäte, CEO of Allianz SE, today opened the 44th annual Insurance Conference in Sun City, South Africa, with a keynote address on the conference theme “Disrupt, Debate, Deliver”. In his speech, Bäte addressed the profound transformation of the insurance industry wrought by digitalization. “In […]
8 insurers paid N4.16 billion dividend in 2016
Only eight out of over a dozen insurance firms have paid dividends out of earnings to shareholders in 2016 as poor liquidity position and recurring losses by some firms undermine pay-out. Financial services companies often seek to distribute as much excess capital as possible to shareholders in the form of […]
Zimbabwe’s FBC Insurance targets growth with SSP’s Pure Insurance platform
SSP Pure Insurance is a flexible end-to-end core insurance system for all lines of business and all channels JOHANNESBURG, South Africa, July 24, 2017/ — FBC Insurance has chosen to support the growth of its Zimbabwean general insurance business in line with its strategic objectives using SSP’s (www.SSP-worldwide.com) digital insurance […]
Insurance firms with foreign interests, others maintain losses in 3 years
Leave a comment and share Chuks Udo Okonta Old Mutual Insurance Company Limited; ARM Life Plc and Ensure Insurance Plc are amongst insurance firms expected to transform underwriting businesses due to acquisition of their stakes by foreign investors, but the expectations are gradually eroding as they have in three years […]
NAICOM kick-starts plans to abolish brokers annual licence renewal
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has started reviewing brokers licence renewal process which will lead to abolition of the present act of running to the commission yearly for renewals, Inspen has learnt. A source in the commission told this medium that the […]
Insurers pay over N100m claims on banks frauds
Leave a comment and share Chuks Udo Okonta Frauds perpetuated by bankers and their collaborators seem to be on the increase as over N100 million was paid as claims by insurance companies in 2015 to affected banks. According to the Nigerian Insurers Association (NIA), the affected banks include EcoBank Plc, […]
23 insurance firms post negative results
Leave a comment and share Chuks Udo Okonta Twenty three out of 56 insurance companies in the country recorded losses in 2015, Inspen can report. According to a report obtained from the Nigerian Insurers Association (NIA) only 33 companies were able to surmount economy challenges and made profits. Some of […]
CIIN elects Funmi Babington-Ashaye 48th president
Mrs Funmi Babington-Ashaye Press release The Chartered Insurance Institute of Nigeria (CIIN) has elected Mrs Funmi Babington-Ashaye as its 48thPresident. The new President, a former Managing Director of Cornerstone Insurance and NICON, is the sixth female president of the Institute. Her investiture comes up on Tuesday, July 25 at the […]
