Agili Leave a comment and share Chuks Udo Okonta Royal Exchange General Insurance Company, (REGIC), one of Nigeria’s foremost underwriter with a focus on General and Special Risks, says it paid N1.683 billion as claims to clients as at the end of third quarter 2016. The Managing Director of REGIC, […]
Insurance
Mutual Benefit hosts NCRIB members’ evening
Mutual Benefit hosts NCRIB members’ evening Leave a comment and share Chuks Udo okonta Okunoren Mutual Benefit Assurance Plc, will host the December edition of Nigerian Council of Registered Insurance Brokers (NCRIB) Members’ Evening, holding on Tuesday, December 13, 2016, at 58, Moleye Street, Alagomeji, Yaba, Lagos. Time is 3.00pm. […]
ARIAN unveils new logo, as publisher Inspenonline wins award
Leave a comment and share Chuks Udo Okonta The Association of Registered Insurance Agents of Nigeria (ARIAN) today Wednesday, unveiled a new logo, a move aimed at strengthening its brand. The association also at the event in Lagos, presented awards to distinguished companies and individuals for their roles toward insurance […]
CIIN to withdraw certificates from errant holders
Deputy President, Chartered Insurance Institute of Nigeria, Mrs Funmi Babington-Ashaye and Chairman, Nigerian Insurers Association, Eddie Efekoha at the event in Lagos. Leave a comment and share Chuks Udo Okonta The Chartered Insurance Institute of Nigeria (CIIN) has threatens to withdraw the certificates of members who breach the examination process […]
NAICOM introduces new insurance distribution channels
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) says it is introducing new channels of distribution in the country to help deepened insurance penetration. A statement by Head, Corporate Affairs NAICOM, Rasaaq Salami, stated that the Commission has created new distribution agencies to be known […]
20 underwriters, 108 brokers cleared for FG’s N5.4bn Group Life insurance
By Favour Nnabugwu HEAD of the Civil Service of the Federation, HOCSF, and the Bureau of Public Procurement, BPP, have selected 20 underwriters and 108 insurance brokers to take on N5.4billion group life of the Federal Government. Vanguard exclusively gathered that the insurance companies were selected based on their track […]
Ambode raises police death insurance benefit to N10m
Lagos State Governor, Mr. Akinwunmi Ambode; Commander, RRS, ACP Tunji Disu and Permanent Secretary, Office of Chief of Staff, Mr. Abiodun Bamgboye during the handing over of 3 Patrol Vehicles and 45 Power Bikes to the Rapid Response Squad (RRS) at the Lagos House, Ikeja. Lagos State Governor, Mr. Akinwunmi […]
CIIN inducts 3 fellows, 161 associates
Borokini Leave a comment and share Chuks Udo Okonta The Chartered Insurance Institute of Nigeria (CIIN) would be inducting three fellows and 161 associates to join the ranks of insurance professionals in the country. A statement by the Corporate Affairs Unit of the Institute, stated that the induction and awards […]
NIA refers RBS draft guidelines to committee
Leave a comment and share Chuks Udo Okonta The Governing Council of the Nigerian Insurers Association (NIA) has set up a Committee to study the Draft Guidelines for Risk-Based Supervision (RBS) issued by the National Insurance Commission (NAICOM). The Chairman of the NIA, Eddie Efekoha, who disclosed this in Lagos, […]
High management expenses drain assets of troubled insurance firms
Chairman NIA, Eddie Efekoha Leave a comment and share Chuks Udo Okonta High management expenses incurred by some insurance firms seemed to be impacting their operations negatively, as the industry spent over N294.90 billion on management expenses in five years. Management expenses, include, underwriting expenses, salaries, rents and others excluding […]
