Kari The National Insurance Commission has given consideration to brokers whose licences have expired to enable them to re-register with their old names, an official has said. The Commissioner for Insurance, NAICOM, Mohammed Kari, told the News Agency of Nigeria in Abuja on Monday that the action would enable the […]
Insurance
ALLIANZ IS THE WORLD’S MOST VALUABLE INSURANCE BRAND 2016
One of the world’s leading independent brand valuation and strategy consultancy, Brand Finance released its annual Brand finance Global 500 report for 2016. According to the report, Allianz tops the list of insurance companies in the world for the third year in a row. “This excellent ranking shows that our […]
FG to inaugurate insurance bill review committee on Thursday
Leave a comment Chuks Udo Okonta The Federal Government will on Thursday, Febraury 4, inaugurate the ten-member committee set to review the Insurance (Consolidated) Bill, Inspen has learnt. The Committee, is chaired by Dr. Omogbai- Omo Eboh, a renowned expert in Insurance Law, while Dr. Talmiz Usman (Head of Legal […]
NAICOM, NCRIB set up six-man committee to review licence renewal requirements
Okunoren Leave a comment Chuks Udo Okonta The National Insurance Commission(NAICOM) and the Nigerian Council of Registered Insurance Brokers(NCRIB) have agreed to set up a six-man committee to review the licence renewal requirements for brokers. The committee, it was learnt, will comprise of three members from each body and would […]
Brokers with lapsed licences could re-register in old names – NAICOM
Kari Leave a comment Chuks Udo Okonta The National Insurance Commission (NAICOM) said brokers whose licences were recently lapsed could re-register in their old names, Inspenonline learnt. This, it was learnt, was an outcome of a meeting which held today in Abuja between the executives of NAICOM and the Nigerian […]
Lloyd’s entry will be beneficial: Mahindra Insurance Brokers
The entry of Lloyd’s of UK will be better for Indian insurance brokers as the reinsurance business could be placed with Lloyd’s in India, a top official of Mahindra Insurance Brokers Ltd. said. “Lloyd’s is like a market place where various syndicate operate like an insurance company underwriting reinsurance business. […]
Insurance Going Digital In The UK
Aviva, a tech leader among UK insurers, has created digital development centers in London, and more recently in Singapore as part of its digital strategy. Aviva first established a Digital Garage in London in mid 2015 to develop and explore turning innovative ideas into real financial products and services for […]
Malawi to draw US$30m from insurance fund to feed people
Malawi is planning to claim US$30 million from the African Risk Capacity Programme (ARCP), an international insurance organization, to buy maize for people negatively affected by drought.Malawi’s disaster management head Dyce Nkhoma told journalists in the capital Lilongwe on Saturday that there are fears that the majority of people could […]
Lagos Pays N649m to 119 Retirees
Leave a comment Chuks Udo Okonta The Lagos State Pension Board (LASPEB) has disbursed a sum of N649 million to 119 retirees in the state for the month of January 2016. A statement from the Spokesperson, LASPEC, Mrs Ajoke Lawal, said the beneficiaries are workers in the Mainstream Service, Local […]
NAICOM gives lifeline to brokers with lapsed licences
Circular REQUIREMENTS FOR RE-REGISTRATION OF AN INSURANCE BROKER WITH LAPSED LICENCE An Insurance Broker whose licence has lapsed and wishes to re-register under the same name shall comply with the following requirements: Phase 1. Letter of Appeal giving reasons why the last licence lapsed and payment of non-refundable fee (N250,000.00) […]
