Lloyd’s of London says it will establish a new European subsidiary in Brussels to avoid losing business when the UK leaves the EU. The 329-year-old insurance market confirmed the plan as it released its latest annual results. “A subsidiary office will be opened in Brussels with the intention that it […]
Insurance
NAICOM, others to sanction defaulters of public buildings insurance
By Clement Nwoji The National Insurance Commission (NAICOM), Nigeria Insurers Association (NIA), and Federal Fire Services (FFS), on Tuesday, agreed to embark on the enforcement of insurance of public buildings nationwide, and to sanction the owners of any such classified buildings without proof of insurance coverage. They resolved that henceforth, […]
Photos:Faces at FBNInsurance events
From left: Festus Izevbizua, Chief Financial Officer, FBNInsurance, Johan Schalkwyk, Chief Operating Officer, FBNInsurance, AVM Femi Gbadebo (Rtd.) OFR, Val Ojumah, Managing Director, FBNInsurance and Emeka Dibia, Chief Human Resources Officer, FBNInsurance during a sensitization visit of Benola Cerebral Palsy team to the company’s head office in Lagos, recently. From […]
NAICOM to begin issuing compliance certificates to employers soon
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) in a move to enforce laws on compulsory insurances, hopes to commence issuing compliance certificates that would be required in biding government’ s contracts. The Commissioner for Insurance, Mohammed Kari, told Inspen that the commission is presently […]
Zurich Insurance moves into takaful with Malaysia buy
Zurich Insurance is set to take full ownership of Malaysia’s MAA Takaful after the deal received regulatory approval, giving Europe’s fifth-biggest insurer a foothold in the world’s second largest Islamic insurance market. MAA Takaful, one of Malaysia’s 11 Islamic insurers, is a joint venture launched in 2006 by MAA Group […]
BRIEF-Consolidated Hallmark Insurance reports FY pre-tax profit 368.1 mln naira
Managing Director, CHI, Eddie Efekoha Consolidated Hallmark Insurance Plc * FY 2016 net premium earned 3.51 billion naira versus 3.19 billion naira year ago * FY 2016 profit before tax & exceptional items 368.1 million naira versus 704.9 million naira year ago * Proposed dividend of 2 kobo per share […]
FBN General earns customers’ trust, grosses N2.2bn premium in 2016
Opadokun Leave a comment and share Chuks Udo Okonta FBN General Insurance, has continued on a remarkable upward trajectory in the Nigerian insurance industry, as its audited accounts approved by the National Insurance Commission (NAICOM) revealed that it grossed a premium of N2.2 billion up by 17.4 per cent from […]
How to get more Ugandans buy insurance
Ibrahim Kaddunabi, Miriam Magala and Mustapha Mugisa By Isaac Khisa Insurance regulator, experts share views at high profile meeting in Kampala How do you convince more Ugandans to buy insurance? That was the main issue discussed during a breakfast meeting for the country’s insurance firms held at Kampala Serena Hotel […]
Insurers’ N300m rebranding project stalled
Indications have emerged that Insurers’ Committee comprising the National Insurance Commission (NAICOM) and Chief Executive Officers (CEOs) of 58 insurance companies cannot raise N300 million for the industry’s rebranding project aimed at deepening insurance awareness and penetration. The cash was meant to fund the project for massive insurance education and […]
Fraud forces insurers to step up e-payment
By Favour Nnabugwu INSURANCE companies in the country have stepped up measures to starve off fraud in the industry arising from cash transactions. The companies now prefer customers to pay through Point of Sale (PoS) terminals at their various locations and agency offices. For instance, AIICO Insurance Plc, said it […]
