British car insurance premiums fell marginally in the first quarter compared with the previous three months, dropping back after sharp rises over most of last year, recovery service AA said on Friday. New business premiums often stall during the first quarter of the year and the AA said in a […]
Insurance
CIIN syllabus to be out soon – outgoing DG
Incoming Director-General Chartered Insurance Institute of Nigeria (CIIN) Rechard Borokini; Outgoing Director-General, Kola Ahmed and Deputy Director-General, Obanuju Ndubusichukwu at the event. Leave a comment and share Chuks Udo Okonta Works on the syllabus of the Chartered Insurance Institute of Nigeria (CIIN) have been completed, its outgoing Director-General Kola Ahmed, […]
NIC puts micro-insurance on front burner • Strategic paper, roadmap ready end 2016
By: Samuel Doe. Ablordeppey The National Insurance Commission is promoting micro-insurance on a large scale as another way to increase the number of people with insurance cover in the country. The insurance industry regulator is, therefore, hoping to finalise a strategic paper by the end of the year setting out […]
Commission takes steps to increase insurance coverage
The National Insurance Commission (NIC) is deploying a multiple-level approach to increasing the number of people in the country with insurance cover, the Commissioner of Insurance, Ms Lydia Lariba Bawa, has said. The measures include creating awareness and sensitising the public to the importance of insurance, adopting multiple channels such […]
Insurers claim reputational damage
BY MOYAGABO MAAKE, FINANCIAL Services Board (FSB) pensions registrar Rosemary Hunter’s case against her employer has sparked unease in the financial services industry, with insurer Liberty and an industry association expressing concerns about possible reputational damage. In an answering affidavit filed two weeks ago, FSB CEO Dube Tshidi included letters […]
AIG sells China’s insurance firm to raise $1.25 billion
American International Group (AIG) has raised HK$9.68 billion ($1.25 billion) by selling a large chunk of its stake in China’s PICC Property and Casualty Co Ltd (PICC P&C) (2328.HK) in a block deal. AIG sold about 740 million shares at HK$13.08 each, or near the bottom end of a marketing […]
NAICOM licenses 314 insurance brokers
By: Zaka Khaliq (National Mirror Newspaper) The National Insurance Commission (NAICOM) has licensed 314 insurance brokers to operate in insurance sector of the nation’s economy, National Mirror learnt. Last April 1st, NAICOM said it had licenced 301 Insurance brokers to transact business of insurance in the country. Investigations by National […]
Nigeria leads in ‘No Premium No Cover’ implementation
Avereyireh 1st (right) and other participants at the event. By: Zaka Khaliq (National Mirror Newspaper) Experts at the just concluded 38th Annual General Meeting (AGM) and Education Conference of the West African Insurance Companies Association, WAICA, in Lagos, said Nigeria had taken the lead in the implementation of the No […]
Royal London Paid 98% Of All Claims In 2015
100% of over 50s cover claims were paid 100% of whole of life claims were paid 98% of life cover claims were paid 94% of income protection claims were paid 93% of critical illness cover claims were paid Royal London’s UK protection businesses paid 98% of all claims received and […]
Africa, other continents for AIO confab
In less than seven days, insurance operators around the world, especially from the African Continent, will gather in Morocco for the 43rd African Insurance Organisation (AIO) conference & General Assembly to discuss current and emerging challenges in the insurance industry. The event will hold between May 8 and 11 in […]
