Mrs Adeosun The Minister of Finance, Mrs Kemi Adeosun, has promised to ensure that legislation that affect the nation’s insurance industry are treated as priority as a way of making the sector contribute meaningfully to the economy. The Minister who spoke at meeting in Abuja said that the federal government […]
Insurance
Gambia: Insurance Companies Implement ‘No Premium, No Cover’ Policy
All the insurance companies in The Gambia have started to implement the “No premium, No cover” policy with effect from January this year, as part of the measures to reform the industry. This means that henceforth, insurance companies have to collect premiums upfront before providing insurance cover for all classes […]
Insurance Goes Digital: What Modern Technology Means for Distribution and Competition
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Entries for Pan-African reinsurance journalism awards close Feb. 29
Journalists from across Africa have until 29 February 2016 to submit their entries for the inaugural pan-African reinsurance Journalism Awards. Dr Femi Oyetunji, group MD/CEO of Continental Reinsurance said: “The insurance and reinsurance sector has a valuable role to play in Africa’s economic growth and development and we want to […]
IT SEEMS AN IRONY, BUT THE POOR NEEDS INSURANCE MORE THAN THE RICH
Adaramola The popularly held notion is that insurance is for the high ups or the upper class in the society. This view is rife in Nigeria, compounding the acceptance challenge faced by the insurance industry in the country, where poverty rate has remained astronomically high, like many developing or underdeveloped […]
Labour rejects use of pension fund for infrastructure development
By Victor Ahiuma-Young Agents of government have resumed their push for the use of pension fund to finance infrastructure development in the country. The latest of such push came from Minister Power, Works and Housing; Babatunde Fashola that the nation’s Pension Fund be used for infrastructural development in Nigeria. Just […]
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Miss Insurance competition holds today
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 […]
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. […]