Leave a comment and share Chuks Udo Okonta Insurance operators seemed divided over the proposed N20,000 motor third party premium, which bill is presently at the Senate for considerations, Inspen can report. Findings revealed that some operators who considered the proposed premium as transformational want the industry to support the […]
Insurance
Old Mutual full year profits up 1%
By Frank Prenesti UK and South African insurance group Old Mutual said its pre-tax adjusted operating profits came in broadly flat at £1.6bn. Full year adjusted Net Asset Value (NAV) rose to 228.6p a share compared with 178.9p in 2015per share, due to favourable currency movements and an increase in […]
Witness: Fake insurance papers used to receive N1.3bn subsidy
Justice Akin Kuponiyi A Federal High Court sitting in Lagos has adjourned till May 15th and 17th the criminal trial of a petroleum marketer, Olaniran Ogundipe, and his company, Petroleum Broker Nigeria Limited. The oil marketer and his company are facing trial for allegedly defrauding the Nigerian government of N1.3 […]
Insurers embark on reconciliation of asset titles ahead of NAICOM verification
Ahead of planned verification of capital resources of insurance companies by the National Insurance Commission (NAICOM), operators have embarked on reconciliation of asset tittles to enable its inclusion into their books. The exercise is targeted at measuring the true worth of insurance companies in terms of value of assets and […]
NAICOM approves 2016 accounts of FBN General, Wapic Life
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) says it has approved the 2016 financial accounts of FBN General Insurance Limited and Wapic Life, out of the 12 insurance firms that had submitted their results. According to status of 2016 financial statements of insurance companies […]
Photos: Faces at AIICO’s international women’s day celebration
NAICOM, NCC agree to reinstate mobile insurance
.Telcos to be licenced as distribution channels Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) and the Nigerian Communications Commission (NCC) have agreed to reinstate the sales of insurance through platforms of telecommunications firms. The agreement, which has paved way for licensing of telcos as […]
Republicans Unveil Obamacare Replacement
The United States House republicans have unveiled a long-awaited plan to replace the signature health care law of former U.S President, Barack Obama, ‘Obamacare’. The proposed legislation replaces income-based subsidies and helps with the cost of premiums with age-based tax credits. The proposal also preserves some elements of the existing […]
Insurance vital, but no magic bullet to fight drought in Africa
By Alex Whiting More developing countries urgently need insurance to cushion their farmers against weather extremes that can worsen poverty, but it is no magic bullet to ward off the escalating impacts of climate change, experts say. The burning question of how to stop drought becoming a major crisis – […]
Premium rates for most classes are still going downhill — COO, Africa Re
Ken Aghoghovbia REINSURANCE around the globe are considering upward review of rates, is Nigeria left out, particularly, Africa Re? Globally the soft market has been on for over a decade largely driven by the lack of significantly impactful catastrophes and increased capital flowing into the market. This trend has not […]
