Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) is presently reviewing the outcome of the regulatory order slammed on Industrial and General Insurance (IGI) Plc, the Commissioner for Insurance, Mohammed Kari, has said. He told Inspenonline in an interview that the commission’s intervention helped reduced […]
Insurance
Recession biting hard on insurance business, says NCRIB
•Brokers urged to obey NAICOM rules The economic challenges facing the country are biting hard on insurance business, President, Nigerian Council of Registered Insurance Brokers (NCRIB), Kayode Okunoren, has said. Okunoren, who spoke at this month’s Members Evening in Lagos, called on the Federal Government to diversify the economy, and […]
LASACO gets NBCC’s support for insurance campaign
Nike Popoola LASACO Assurance Plc has received the backing of the Nigeria-British Chamber of Commerce in its approach to risk management aimed at winning investor confidence. A statement from the firm on Sunday said the firm’s marketing drive was specially applauded by a former President of the NBCC, Dr. Micheal […]
Liberty customers demand value for money, says CEO
JOHANNESBURG – Insurer Liberty’s primary customers are less concerned about price and more concerned about value for money, says CEO, Thabo Dloti of its predominantly retail affluent client base. Discussing Liberty’s decision to discontinue its Own Your Life (OYL) Rewards programme, Dloti emphasises that if members are paying a premium […]
Liberty seeks stakes to bolster Stanlib
OPPORTUNITIES: Liberty CEO Thabo Dloti says the group wants to expand in Africa through partnerships. Picture: MARTIN RHODES INSURER Liberty is looking to acquire stakes in private equity businesses as part of its strategy to bolster the capabilities of its asset manager, Stanlib. Liberty is also looking at opportunities to […]
Life Insurance including Reinsurance in South Africa 2015
/PRNewswire/ — Life Insurance Sector: This report focuses on the latest developments in South Africa’s life insurance sector, which is the largest life insurance market on the African continent and in US dollar terms is the 15th-largest life insurance market in the world. With benefit payments of R366.8bn and assets […]
Africa ‘must close insurance gap’ to sustain economic growth
Sub-Saharan Africa has opportunities for growth in the corporate and industrial insurance market but the region needs to increase its insurance penetration for future economic development, according to Allianz Global Corporate & Specialty (AGCS). BY CINTIA CHEONG The firm argued the industry was currently dominated by developed markets. Citing figures […]
IEI’s interim board embarks on corporate restructuring
Leave a comment and share Chuks Udo Okonta The Interim Board appointed by the National Insurance Commission (NAICOM) to oversee the affairs of International Energy Insurance (IEI) Plc, in the past nine months, had embarked on reforms to take the firm to lofty heights. The major task within the period […]
NAICOM creates unit to drive insurance in MDAs
Kari Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has setup an internal unit to assist government’s Ministries, Departments and Agencies (MDAs) structure their insurances, and ensure all government’s assets are properly insured, Inspen has learnt. The Commissioner for Insurance, Mohammed Kari, who disclosed this […]
Insurance firms to fire 260 non-executive directors February 26, 2016
Kari About 260 non-executive directors of insurance companies will vacate their seats at the end of March 2016, investigation has revealed. Their exit is expected to come a year ahead of other executive directors who will also be compelled to quit the various boards of insurance companies in 2017. Our […]
