With the double digit inflation and naira devaluation affecting the prices of goods and services across the country, the owners of the 16 million vehicles plying Nigeria’s roads will have to pay N16 billion more to either purchase or renew their third party motor insurance policies in the current year, […]
Insurance
Trump vows ‘insurance for everybody’
President-elect Donald Trump said in a weekend interview that he is nearing completion of a plan to replace President Barack Obama’s signature health-care law with the goal of “insurance for everybody,” while also vowing to force drug companies to negotiate directly with the government on prices in Medicare and Medicaid. […]
NAICOM’ll enforce code of corporate governance on insurance CEOs
Kari Plans by the National Insurance Commission (NAICOM) to enforce the 2009 NAICOM Code of Corporate Governance on Chief Executive Officers (CEOs) of insurance companies have not changed, The Nation has learnt. The regulatory body, NAICOM, in 2009, launched Code of Corporate Governance for the insurance industry in Nigeria as […]
Market share: NAIC, NICON, Sterling Assurance, others scramble for crumbs
Leave a comment and share Chuks Udo Okonta At least 25 insurance companies need to up their games to be visible to the public as report shows that they presently occupy the bottom of the industry scrambling for crumbs. According to Nigeria Insurance Digest, produced by the Nigerian Insurers Association […]
Chinese state insurer caught up in eavesdropping scandal
Chinese insurance regulator said that a state insurer used an iPhone and a voice recorder to eavesdrop on inspectors. China Insurance Regulatory Commission Shandong bureau said Saturday that the eavesdropping devices were found at the Weifang office of Yingda Taihe Property Insurance. The regulator had been inspecting the Shandong branch. […]
Insurers call for action after rise in hit-and-run incidents on UK roads
Report calls for national campaign to promote accident responsibility, saying many people don’t see motoring offences as ‘real’ crimes The percentage of accidents involving hit and runs is now at the highest level in more than a decade. Photograph: Lynne Cameron/Press Association The number of hit-and-run accidents on Britain’s roads […]
New NAICOM Plan To Cost 1,600 Insurance Jobs
By ZAKA KHALIQ Insurance broking firms and insurance agent outfits in the country may face a profit decline, with some of their workers expected to lose their jobs in the current year, by the time the planned new insurance distribution channels commence operations in the industry, LEADERSHIP Weekend exclusively gathered. […]
NCRIB donates insurance books to schools
From left: President, Nigerian Council of Registered Insurance Brokers (NCRIB), Kayode Okunoren donating Insurance text books to the Head of Department, Actuarial Science and Insurance, University of Lagos, Professor Ade Ibiwoye recently. Leave a comment and share Chuks Udo Okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) in a […]
Anchor Insurance appoints Osegha-Ebose executive director as 2 mgt staff retire
From left: The newly appointed Executive Director Business Development & Marketing, Augustine Osegha-Ebose; Executive Director (Technical) Nsimah Jeremiah; Deputy General Manager and Chief Internal Auditor, Udeme Archibong ( Retired); zonal Controller Uyo, Mrs Mary Ibrahim( Retired) and the Managing Director/ CEO of the Company, Adeduro Ademayowa at the event held […]
Jaiz Takaful Unveils Profit-sharing Insurance Concept in Nigeria
Jaiz Takaful has rolled out first-of-its-kind insurance products intended to share profits with participants/clients. Takaful is an Islamic insurance concept based on the Islamic principle of Taawun known as mutual benefits. Takaful subscribers have a bond among themselves as participants who agree to jointly indemnify the loss or damage that […]
