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 […]
Insurance
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 […]
FBNInsurance celebrates outstanding retail agents
Managing Director FBNInsurance Val Ojumah Leave a comment and share Chuks Udo Okonta The management of FBNInsurance recently celebrated her outstanding retail agents at a brief ceremony held in the company’s Ikeja branch office. A statement by Ajibola Liyide of the firm’s corporate communications unit, said the overall best newly […]
Funmi Babington-Ashaye to become CIIN’s 48th president
Mrs. Funmi Babington-Ashaye Leave a comment and share Chuks Udo Okonta The Managing Director/ CEO of Risk Analyst Insurance Brokers Limited, Mrs. Funmi Babington-Ashaye, will on Tuesday, July 25, 2017 become the 48th President of Chartered Insurance Institute of Nigeria (CIIN). The investiture ceremony which is expected to attract dignitaries […]
Holistic implementation of MDRI is panacea to insurance growth
Soladoye The Managing Director Riskguard-Africa Nigeria Limited, Yemi Soladoye, in this interview said without implementing the MDRI as a holistic Industry Master Plan and in a coordinated manner, the Nigeria Insurance industry cannot occupy its position of strategic importance in Nigeria economy as it obtains in South Africa, U.S.A, India […]
Lady Chukwuma unveils scorecard amid encomium
From left: Former President, Chartered Insurance Institute of Nigeria, Seyi Ifaturoti; outgoing President, Lady Isioma Chukwuma and Incoming President, Funmi Babington-Ashaye at the event. Leave a comment and share Chuks Udo Okonta There were outpour of praises on the outgoing President of the Chartered Insurance Institute of Nigeria (CIIN) Lady […]
Insurers post N1.72trn gross premium in 6 years
Efekoha Leave a comment and share Chuks Udo Okonta Insurance companies generated about N1.72 trillion gross premium in six years, Inspen can report. According to the Nigerian Insurers Association (NIA) the premium was generated between 2011 and 2016. The association noted that between 2011 and 2015 life insurers posted N447.59 […]
Insurance sector grows assets to N941.28bn
Chairman NIA, Eddie Efekoha Leave a comment and share Chuks Udo Okonta The insurance industry’s total assets stand above N941.28 billion, Inspen can report. According to the Nigerian Insurers Association (NIA), the total assets of underwriters in 2015 was N894.88 billion, while those of reinsurers stood at N46.40 billion, amounting […]
