Members of the House of Representatives investigative panel on the multi-billion naira insurance fraud in Ministries, Departments and Agencies (MDAs) between 2013 and this year, were shocked yesterday when the acting Director-General (DG) of the Bureau of Public Enterprise ( BPE ), Vincent Akpotaire, said he was not aware of […]
Insurance
FBNInsurance wins Best Life Insurance Company award
Executives of FBNInsurance/FBNInsurance General Leave a comment and share Chuks Udo Okonta FBNInsurance Limited, has been announced as the 2016 Best Life Insurance Company in Nigeria by World Finance, organisers of the prestigious World Finance Global Insurance Awards, making it the second time in three years. Shedding more light on […]
African Reinsurance market hits $64 billion
There are strong indications pointing to the growth of the Africa’s Reinsurance Market in the next five years. The latest reports from African Reinsurance pulse launched at the 21st African Reinsurance forum in Dakar Senegal have stated that the market is expected to benefit from strong underlying growth driven by […]
More than 100,000 sign up for insurance under Obamacare after election
Despite criticisms about the law coming from Trump and his allies, millions of people now depend on it for coverage By Reed Abelson / The New York Times More than 100,000 Americans rushed to buy health insurance under the Affordable Care Act on Wednesday, the biggest turnout yet during this […]
Continental Reinsurance Plc Announces Changes on its Board
Continental Reinsurance Plc (lithe Company”) announces the appointments of Chief Ajibola Olusanya Ogunshola and Mr. Emmanuel Brule as Non-Executive Directors of the Company representing C-Re Holding Limited with effect from November 8, 2016 to replace Mrs. Nadia Alaoui Fettah and Mr. Merrick Wayne Oeschger. Chief Ajibola Ogunshola Chief Ogunshola holds […]
Why quarks thrive in insurance business – NAICOM
Kari Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has attributed the infiltration of quarks in insurance business to absence of insurance brokers at rural areas in the country. According to the Commissioner for Insurance, Mohammed Kari, who spoke at the just concluded 2016 Insurance […]
Exit of managing directors over tenure policy ‘ll create big vacuum – NCRIB
Okunoren Leave a comment and share Chuks Udo Okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) has said the implementation of the code of corporate governance which mandates a Managing Director and Executive Director to leave on the attainment of 10 years in office will create a big vacuum […]
NAICOM urges brokers to tap opportunities at grassroots
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has called on insurance brokers in the country to move from their comfort zones in the cities and extend operations to areas where there is no insurance presence at the moment. The Commissioner for Insurance, Mohammed Kari, […]
REBUTTAL RE: “WHEN THE CIIN LIES TO ITSELF” AND “CIIN MUST COME TO THE RESCUE OF THE INSURANCE INDUSTRY”
Kari Our attention was drawn to recent circulations on the authenticity of the ACII qualifications of Mohammed Kari, the Commissioner for Insurance of the Federal Republic of Nigeria by an obscure collection of faceless persons called ‘’Concerned Insurance Professionals.’’ From our conclusion,this allegation is a baseless misinformation aimed at maligning […]
Insurance could be helpful mechanism
Meraz Mostafa Climate risk insurance is increasingly being put forward as a viable solution to helping those suffering losses and damage from climate change, according to a panel at COP22 in Morocco. The panel yesterday explored how micro-insurance could be used to help the poorest face extreme weather-events related to […]
