Leave a comment and share Chuks Udo Okonta The bill seeking to amend the Insurance Act 2003, to set minimum limit of compensation in the event of death, injury or loss of property of third parties with respect to insurance of public buildings and buildings under construction, has passed through […]
Insurance
BRIEF-Staco Insurance says delay in filing account
Staco Insurance Plc: * Says unable to submit 2016 audited account to Nigerian Stock exchange within stipulated dedaline of March 31, 2017 * Says account will be approved and submitted on or before April 30, 2017 Source: bit.ly/2oBroJt Further company coverage: (Bangalore.newsroom@thomsonreuters.com) Reuters
Lagos To Establish Agency To Manage Health Insurance Scheme
Lagos State Governor, Mr. Akinwunmi Ambode (middle); Chairman of AXA Group, Mr. Denis Duverne (left) and Chairman, AXA Mansard Insurance Plc, Mr. Sola Adeeyo (right) during the AXA Group courtesy visit to the Governor at the Lagos House, Ikeja, on Wednesday. By Kazeem Ugbodaga The Lagos State Government on Wednesday […]
A.M. Best Special Report: French Life Insurers Increase Prudency Amidst Taxing Market Conditions
The French life insurance market remains resilient, although the macro-economic environment has led to uncertainty, according to new research from A.M. Best. Despite the current economic pressures affecting France, the country continues to have one of the highest rates of household savings in Europe. Life insurance products – in particular […]
Cornerstone plans robust mobile insurance
From left: Head, Technical & Risk Management Division, Cornerstone Insurance Plc, Martins Uwuilekhue and Group Managing Director/Chief Executive Officer, Ganiyu Musa at the event. Leave a comment and share Chuks Udo Okonta Cornerstone Insurance Plc, says it will soon unveil robust mobile insurance products to carter for two critical identified […]
Wapic Insurance launches five unique products
From left: Rantimi Ogunleye, Managing Director/Chief Executive Officer, Wapic Life Assurance Limited; Olufemi Obaleke, Executive Director, Wapic Insurance Plc; Yinka Adekoya, Managing Director/Chief Executive Officer, Wapic Insurance Plc and Bode Ojeniyi, Executive Director, Wapic Insurance Plc at the introduction of Wapic Insurance Smart Life Products in Lagos. Leave a comment […]
Don’t Offer Products with Insurance Features, CBN Warns Banks
Obinna Chima The Central Bank of Nigeria (CBN) has advised banks under its regulation not to offer products that incorporate insurance features. The banking sector regulator also urged the financial institutions not to offer free premium payments as a feature of any of their products. The CBN stated this in […]
Wapic Insurance Profit Falls By 28% to N1.193bn
Wapic Insurance Plc’s audited financial results for the period ended 31st December, 2016, have shown that its profit before tax (PBT) dropped by 28 per cent to N1.193 billion, from the N1. 668 billion recorded in 2015. Also, its underwriting profit reduced by 74 per cent to N381 million. This […]
Wapic Insurance Plc’s audited financial results for the period ended 31st December, 2016, have shown that its profit before tax (PBT) dropped by 28 per cent to N1.193 billion, from the N1. 668 billion recorded in 2015. Also, its underwriting profit reduced by 74 per cent to N381 million. This […]
BusinessToday unveils nominees for award
The management of BusinessToday online, a business online news channel, has unveiled the nominees for 2016 Nigerian insurance and pension awards. A statement by the Publisher/Editor-in-Chief, NKECHI NAECHE said 23 firms drawn from the insurance and pension sectors have been selected for various categories and will be voted for by […]
