From left: Vice President, Nigerian Council of Registered Insurance Brokers (NCRIB), Dr. (Mrs.) Bola Onigbogi; Lagos State Commissioner for Housing, Hon. Gbolahan Lawal; President, NCRIB, Mr. Kayode Okunoren and Managing Director, Niger Insurance Plc, Mr. Kolapo Adedeji at August Edition of NCRIB Members’ Evening at NCRIB Secretariat, Yaba Leave a […]
Insurance
Fitch: UK Motor Insurance Premiums to Keep Rising in 2H16
(The following statement was released by the rating agency) Link to Fitch Ratings’ Report: UK Non-life Company Market Insurance Dashboard – 1H16 Results here LONDON, September 15 (Fitch) Fitch Ratings says that UK motor insurance premiums will continue rising because the levels of reserve releases that have supported profitability in […]
British insurer esure to list price comparison website
* To list Gocompare.com to focus on independent strategies * Analysts value website at between 385-407 mln stg * Co sees solvency ratio between 130-150 pct after demerger (Adds details, CEO, analyst quotes, share movement) By Noor Zainab Hussain and Esha Vaish Sept 13 British insurer esure Group Plc said […]
UK lawmakers to study post-Brexit insurance rules revamp
By Huw Jones Britain’s exit from the European Union creates an opportunity to rethink the bloc’s burdensome solvency rules for insurers to better serve consumers, British lawmakers said on Tuesday. Prudential, Aviva and the Lloyd’s of London insurance market comply with EU rules known as Solvency II that came into […]
MTN Nigeria to launch micro insurance soon
Leave a comment and share Chuks Udo Okonta and agency report MTN, Nigeria’s leading telecommunications outfit will soon launch its micro insurance business in the country, Inspen can report. The MTN Group which recently partnered MMI Holdings to launch a micro insurance joint venture, branded aYo, said the aYo offering […]
FG needs insurance to unlock the economy – LCCI DG
Yusuf Leave a comment and share Chuks Udo Okonta The Director-General, Lagos Chamber of Commerce and Industry (LCCI) Muda Yusuf, has called on the Federal Government to leverage insurance to unlock business opportunities in the country. Yusuf, who said this in a radio programme, noted that the government needs insurance […]
Insurers battle fraudulent claims amidst recession
From left: Head, Corporate Affairs Nigerian Insurers Association, Davis Iyasere; President National Association of Insurance and Pension Correspondents (NAIPCO) Mrs Omobola Tolu-Kusimo; Director-General, Sunday Thomas and Director Technical, Legal and Admin, Mrs Olawunmi Idewu, during a courtesy visit of Executives of NAIPCO to the association in Lagos. Leave a comment […]
Arik Air temporarily suspends operations over insurance issues
Arik Air, Nigeria’s largest airline, cancelled all flights on Tuesday in what it called a temporary disruption related to insurance renewal. While the company initially warned the disruption was likely to continue for the next few days as it awaited approval from national insurance commission NAICOM to renew its insurance […]
Insurers detect 2,500 fraudulent claims a week
The number of fraudulent insurance claims rose to 2,500 a week last year, according to industry figures. In total there were 130,000 fraudulent claims, up 6% on 2014, the Association of British Insurers (ABI) said. Dishonest motor claims remained the most common crime, accounting for over half the total. But […]
Cassava growers seek compensation for insured farmlands damage by herdsmen
Nigeria Cassava Growers Association, NCGA, has appealed to the Nigerian Agricultural Insurance Corporation, NAIC, to compensate farmers whose insured farmlands were destroyed by herdsmen in various states. President of the association, Pastor Segun Adewumi, made the appeal in an interview in Lagos, yesterday. Adewumi lamented that most of the destroyed […]
