Efekoha Leave a comment and share Chuks Udo Okonta The Chairman, Nigerian Insurers Association (NIA), Eddie Efekoha, has reaffirmed his commitments to take the insurance industry to lofty heights. He disclosed this at the just concluded 2017 Chief Executive Officers (CEOs) Retreat organised by the NIA in Lagos. He pledged […]
Insurance
NCRIB faults force merger for brokers
Leave a comment and share Chuks Udo Okonta The President of the Nigerian Council of Registered Insurance Brokers (NCRIB) Kayode Okunoren, has said force merger cannot be the panacea for insurance brokers to remain afloat. Okunoren, who disclosed this at a press parley in Lagos, noted that it would be […]
Linkage Assurance boosts “Motor Third party Insurance Policy” with extra benefits
Apere Leave a comment and share Chuks Udo okonta Linkage Assurance Plc, has enhanced the consumer benefits in the existing compulsory “Motor Third Party Insurance Policy” under the Insurance Act 2003 with additional protection for the insured’s vehicle. The existing compulsory “Motor Third Party Insurance Policy” does not cover the […]
58 Insurance Firms Generate N2.1trn Gross Premium
By ZAKA KHALIQ Despite low insurance adoption in the country, the 58 underwriting companies in insurance sector have generated a whopping N2.1 trillion as gross premium income from underwriting risks in the last seven years, LEADERSHIP checks have revealed. The premium income of the industry had steadily grown over time, […]
‘Why 65% of Nigeria’s reinsurance business are ceded abroad’
Leave a comment and share Chuks Udo Okonta The predominance of foreign reinsurers, mostly European, that are presently taking about 65 per cent share of the Nigerian reinsurance market has been attributed to low underwriting capacity and shareholders’ funds of local reinsurers which are not sufficient to carter for the […]
“The LIJADU That I Know…”
The Ombudsman Journal of Insurance Law A publication of Adegboyega Adepegba & Co. Legal Practitioners, Nominees, Arbitrators, Trainers and Publishers “The LIJADU That I Know…..” Nta Lijadu, Funke Agbor, Irukwu, Okwor, Awogboro, Omilani, Osoka, Fola Daniel, Bailey, Zakariyau, Adeyemi, Mateola, Ajaja, Adewale, Soares, Adejumo, Ladipo-Ajayi, Adeda, Chukwuma, Oyefeso and many […]
Insurance industry is a major recipient of recession – NCRIB boss
From left: Assistant Executive Secretary of the Nigerian Council of Registered Insurance Brokers (NCRIB), Tope Adaramola; President, Kayode Okunoren and Executive Secretary, Fatai Adegbenro at the event. Leave a comment and share Chuks Udo Okonta The insurance industry is one of the greatest recipients of the recessive economy, the President, […]
Africa Re enjoys about 20% of Nigeria’s reinsurance market share
Mr. Corneille KAREKEZI, GMD/CEO of Africa Re (in the middle), contributing to the discussions Une attitude de M. Corneille KAREKEZI, DG d’Africa Re, pendant les débats Leave a comment and share Chuks Udo Okonta African Reinsurance Corporation says it enjoys about 20 per cent of Nigeria’s reinsurance market share, while […]
FOCUS ON THE PRESENCE AND IMPACT OF AFRICA RE IN NIGERIA
Press Release In the past 41 years, the African Reinsurance Corporation has been carrying on the business of reinsurance in the African continent. This journey of dedicated service to the insurance industry has contributed in no small manner to the economic development of our dear continent. The main purpose for […]
AIICO Insurance nets N10 billion profit
GMD, AIICO Insurance, Edwin Igibiti Leave a comment and share Chuks Udo Okonta AIICO Insurance Plc, a financial services company with interest in insurance, pension, health and asset management has recorded N10.24 billion Profit After Tax (PAT) for the financial year ended 31 December 2016. This is a 756 per […]
