Kari Plans by the National Insurance Commission (NAICOM) to enforce the 2009 NAICOM Code of Corporate Governance on Chief Executive Officers (CEOs) of insurance companies have not changed, The Nation has learnt. The regulatory body, NAICOM, in 2009, launched Code of Corporate Governance for the insurance industry in Nigeria as […]
Insurance
Market share: NAIC, NICON, Sterling Assurance, others scramble for crumbs
Leave a comment and share Chuks Udo Okonta At least 25 insurance companies need to up their games to be visible to the public as report shows that they presently occupy the bottom of the industry scrambling for crumbs. According to Nigeria Insurance Digest, produced by the Nigerian Insurers Association […]
Chinese state insurer caught up in eavesdropping scandal
Chinese insurance regulator said that a state insurer used an iPhone and a voice recorder to eavesdrop on inspectors. China Insurance Regulatory Commission Shandong bureau said Saturday that the eavesdropping devices were found at the Weifang office of Yingda Taihe Property Insurance. The regulator had been inspecting the Shandong branch. […]
Insurers call for action after rise in hit-and-run incidents on UK roads
Report calls for national campaign to promote accident responsibility, saying many people don’t see motoring offences as ‘real’ crimes The percentage of accidents involving hit and runs is now at the highest level in more than a decade. Photograph: Lynne Cameron/Press Association The number of hit-and-run accidents on Britain’s roads […]
New NAICOM Plan To Cost 1,600 Insurance Jobs
By ZAKA KHALIQ Insurance broking firms and insurance agent outfits in the country may face a profit decline, with some of their workers expected to lose their jobs in the current year, by the time the planned new insurance distribution channels commence operations in the industry, LEADERSHIP Weekend exclusively gathered. […]
NCRIB donates insurance books to schools
From left: President, Nigerian Council of Registered Insurance Brokers (NCRIB), Kayode Okunoren donating Insurance text books to the Head of Department, Actuarial Science and Insurance, University of Lagos, Professor Ade Ibiwoye recently. Leave a comment and share Chuks Udo Okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) in a […]
Anchor Insurance appoints Osegha-Ebose executive director as 2 mgt staff retire
From left: The newly appointed Executive Director Business Development & Marketing, Augustine Osegha-Ebose; Executive Director (Technical) Nsimah Jeremiah; Deputy General Manager and Chief Internal Auditor, Udeme Archibong ( Retired); zonal Controller Uyo, Mrs Mary Ibrahim( Retired) and the Managing Director/ CEO of the Company, Adeduro Ademayowa at the event held […]
Jaiz Takaful Unveils Profit-sharing Insurance Concept in Nigeria
Jaiz Takaful has rolled out first-of-its-kind insurance products intended to share profits with participants/clients. Takaful is an Islamic insurance concept based on the Islamic principle of Taawun known as mutual benefits. Takaful subscribers have a bond among themselves as participants who agree to jointly indemnify the loss or damage that […]
Sovereign Trust Insurance pays N1.07bn claims in Q3 2016
Soyinka Leave a comment and share Chuks Udo Okonta Sovereign Trust Insurance Plc, says it paid N1.07 billion claims in third quarter of 2016. Its Divisional Head, Technical, Tajudeen Rufai, who disclosed this in a statement, noted that the summary of the claims composition paid in the third quarter of […]
Insurers pay over N303.33m claims on bank fraud, armed robbery
Leave a comment and share Chuks Udo Okonta Insurance operators paid over N303.33 million claims to banks in the country for losses suffered due to fraud, armed robbery and burglary in 2014, Inspen can report. According to a report obtained from the Nigerian Insurers Association (NIA), insurers paid about N173.81 […]
