By Favour Nnabugwu National Insurance Commission (NAICOM) has donated N10million to the Federal Polytechnic Offa, Kwara State to boost the institution’s ICT Centre and a grant of N5.4m for the purchase of insurance textbooks for insurance education. The Commission’s donation is to propagate insurance education and help the sector deepen […]
Insurance
Recapitalisation: 12 Insurance Firms In Merger, Acquisition Talks
By ZAKA KHALIQ Ahead of the capital verification exercise expected to commence in the next few months in readiness for the Risk Based Supervision (RBS) that will lead the insurance sector to recapitalisation this year, about 12 out of the 58 insurance companies in the country have already commenced recapitalisation […]
Concerns over Non Payment of N5.4bn Premium for Group Life Insurance
By Ebere Nwoji After seven months of consistent but futile efforts to persuade the federal government to pay the N5.4 billion premium for insurance of its employees, insurance sector operators now groan under heavy load of claims but trickle inflow of premium despite the ‘no premium no cover’ regime. The […]
NCRIB seeks inclusion of sector in PEBEC
President, Nigerian Council of Registered Insurance Brokers, Mr. Emmanuel Kayode Okunoren presenting an award to the Managing Director, Linkage Assurance Plc, Dr. Pius Apere at the February edition of NCRIB Members’ Evening, with them are Executive Secretary, NCRIB, Mr. Fatai Adegbenro (left), Deputy President, Mr. Shola Tinubu, Vice President, Dr […]
China to relax rules to boost big insurers’ expansion – sources
By Sumeet Chatterjee and Julie Zhu Reuter – China’s insurance regulator is considering an industry shake-up that could see the biggest and most solvent firms resuming an overseas expansion, while smaller, riskier insurers would come under tighter scrutiny. The plan being discussed would see the China Insurance Regulatory Commission (CIRC) […]
Third party car insurance to cost more
The premium for third party motor vehicle insurance is set to go up significantly as the government has agreed to do away with the cap on third party liability of insurance companies in case of grievous injuries or deaths in road crashes. The Insurance Regulatory and Development Authority has proposed […]
Four ways big data will reshape insurance in South Africa
For insurance players, big data isn’t merely about having a more detailed profile of the customer and sharpening their management models. It gives insurers the opportunity to re-imagine the very nature of insurance, add greater value to customers, and become ‘trusted partners’ (i.e. offering guidance on minimising risks, saving costs […]
Goggle, other telecoms giants to deepen insurance penetration
Leave a comment and share Chuks Udo Okonta Google, MTN, Airtel and MainOne have joined the league to deepen insurance penetration in Nigeria, leveraging Information and Communications Technology (ICT) tools. To achieve the laudable goal, the telecoms gurus plan to have an E-Insurance Conference with the theme: “Driving Insurance Penetration […]
NAICOM met with CBN to reinstate bancassurance
The National Insurance Commission (NAICOM) on Friday said it had held a meeting with the Central Bank of Nigeria (CBN) to reinstate the sale of insurance products in banks (bancassurance). A statement by NAICON Spokesman, Mr Rasaaq Salami, said the management of NAICOM led by the its Chief Executive, Alhaji […]
How FBNInsurance helps you get the best out of life
Managing Director FBNInsurance Limited, Val Ojumah Getting the best out of life does not just happen; you plan it. The choices you make today will aid your realities tomorrow. The question is: What kind of tomorrow do you want for yourself and your loved ones? One predicated on chance or […]
