Leave a comment Chuks Udo Okonta The much awaited 2016 Miss Insurance competition organised by the Chartered Insurance Institute of Nigeria (CIIN) holds today. According to the Institute, the event will hold on Friday, February 5, at the Grandeur Events Centre, Billing Way, Ikeja, Lagos. The annual event, the institute […]
Insurance
Zika Virus, Pregnancy and Travel Insurance: Squaremouth Explains Available Coverage
/PRNewswire/ — The Zika virus outbreak has caused many travelers to rethink their plans, with pregnancy being the main concern. “We’re finding the real reason travelers want to cancel is because of the virus’ impact on pregnancy,” said Jessica Harvey, Customer Service Director a leading travel insurance comparison site, Squaremouth. […]
FG seeks cooperation from insurance operators on bill review
Leave a comment Chuks Udo Okonta The Federal Government has called on insurance operators to cooperate with the committee set-up to review the industry’s bill to enable them come up with a draft that would be the impetus for rapid growth of the sector and consumers of the it’s services. […]
OPENING REMARKS BY MRS. KEMI ADEOSUN, HONOURABLE MINISTER OF FINANCE AT THE INAUGURATION OF THE COMMITTEE FOR THE REVIEW OF INSURANCE (CONSOLIDATED) BILL
Mrs Adeosu OPENING REMARKS BY MRS. KEMI ADEOSUN, HONOURABLE MINISTER OF FINANCE AT THE INAUGURATION OF THE COMMITTEE FOR THE REVIEW OF INSURANCE (CONSOLIDATED) BILL ON THURSDAY, FEBRUARY 04, 2016 IN ABUJA Protocols It is with great pleasure that I welcome you all to this inauguration of the Committee for […]
Greeks strike against leftist government’s pension plans
A one-day strike brought Greece to a standstill on Thursday, as trade unions protested against the left-led government’s plans for pension reforms that could help appease foreign creditors, but risks pushing thousands of people further into poverty. Domestic flights were grounded, ferries stay docked in ports and most public transportation […]
How Chinese Used Insurance to Dodge Currency Controls
Hong Kong’s haven turns polices into actual insurance for cash Chinese have bought record amounts of insurance in Hong Kong Before the Chinese regulator stepped in this week with measures against the insurance industry aimed at curbing the country’s $1 trillion worth of capital outflows in 2015, hundreds of thousands […]
CIIN joins bill review committee, as ARIAN, Irukwu were not considered
Leave a comment Chuks Udo Okonta Finally, invitation has been extended to the Chartered Insurance Institute of Nigeria (CIIN) to partake in the review of the Insurance (consolidated) bill which committee would be inaugurated from 2:00 PM today in Abuja. Inspen gathered that whilst the CIIN was re-considered, having been […]
NIC urges mergers in insurance industry: As LeapFrog Investments acquires UT Life
Officials of UT Life and LeapFrog Investments after the ceremony The National Insurance Commission (NIC) is pushing for mergers in the insurance industry in a bid to make companies in the sector more efficient. The commission, which is the regulator of the industry, argued that presently many players in the […]
Operators now wary of NAICOM’s rod
Leave a comment Chuks Udo Okonta The National Insurance Commission (NAICOM) fight against unethical practices among insurance operators seems to be yielding results as some firms have resolved to hold their errant employees responsible for fees on infractions. Investigations revealed that some firms in a bid to forestall penalties from […]
Expert canvasses merger for brokers with lapsed licences
Leave a comment Chuks Udo Okonta Embattled insurance brokers whose licences were recently lapsed, have been enjoined to urgently embrace merger to enable them take advantage of the opportunities provided by the National Insurance Commission (NAICOM). An insurance analyst, who is also a lawyer said this in an interview with […]
