The associates Leave a comment and share Chuks Udo Okonta The Risk Managers Society of Nigeria (RIMSON) today inducted 14 fellows and 54 associate members. The induction was part of the ongoing 2016 Risk Management Conference and Awards Ceremony holding in Lagos. Some of the fellows are: Commissioner for Insurance […]
Insurance
African Life rebrands to Sanlam Life Insurance
AFRICAN Life Assurance, which has paid over K300 million in claims since 2002, has now rebranded to Sanlam Life Insurance Company, with a commitment to improve service delivery of its quality products. South Africa-based financial services group, Sanlam, owns a 70 percent stake in African Life Assurance through the Sanlam […]
WHEN A GOOD MAN DEPARTS! TRIBUTE TO LATE YINKA LIJADU
The insurance firmament has lost another star with the death of Late Yinka Lijadu, former MD of Nicon Insurance and past President of the the Chartered Insurance Institute of Nigeria. Even though late Lijadu had been unwell for a while, the announcement of his demise still came to many as […]
Nigeria, 20 other markets are ripe for insurance growth says Swiss Re
A sigma study from Swiss Re highlights the markets that present some exciting opportunities for insurance companies. The report looks at ‘frontier markets’ which have the right mix of conditions for insurance growth. While the potential of China, India and Brazil are well known, the report looks at 21 other […]
Fitch Affirms Standard Insurance Limited at ‘AA(zaf)’, Withdraws Ratings
(The following statement was released by the rating agency) LONDON, May 04 (Fitch) Fitch Ratings has affirmed Standard Insurance Limited’s (SIL) National Insurer Financial Strength (IFS) rating at ‘AA(zaf)’. The Outlook is Stable. SIL is the non-life bancassurance operating subsidiary of Standard Bank Group Limited (Standard Bank; AA(zaf)/Stable). The agency […]
UK Q1 motor insurance premiums slip-AA
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 […]
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 […]
