By Babatunde Less than 1% of Nigerians have life insurance The Director-General of the National Insurance Commission, Mr. Sunday Thomas, has decried the general apathy for insurance by the Nigerian government and the citizens. Thomas noted that less than one percent of Nigerians voluntarily subscribe to life insurance. According to […]
Insurance
Give African Asylum Seekers Legal Status, Work Permits And Health Insurance, Opposition Bill Says
Shmarya Rosenberg • FailedMessiah.com All members of Knesset from the opposition Zionist Union Party have signed on to a bill signed the bill that would give 41,000 Eritrean and Sudanese asylum seekers legal status in Israel while at the same time designating south Tel Aviv, where most of these asylum […]
One-week life insurance: Solutions for Africa’s informal market
The traditional insurance industry is still in its infancy in African markets outside of South Africa. With the majority of Africans working in the informal sector – with neither a bank account nor fixed income – the Western contractual life and medical insurance products do not cater to their financial […]
Oniwinde celebrates 76th birthday
Chuks Udo Okonta It was an atmosphere of joy and bliss as Elder (Dr) Adelani Kehinde Oniwinde celebrates his 76th birthday at his home in Lekki on 8th January. The insurance doyen is a Fellow of the Chartered Insurance Institute (CII), London and Chartered insurance Institute of Nigeria (CIIN). He […]
Insurers laud FG’s move to review insurance bill
CFI, Mohammed Kari Leave a comment Chuks Udo Okonta Insurance operators have commended the Federal Government for setting up a committee to review the insurance bill. The Director-General Nigerian Insurers Association (NIA) Sunday Thomas, in a telephone interview, with Inspen, said the move is a good development, stressing that the […]
FG Constitutes C’ttee to Review Insurance Bill
Mrs. Kemi Adeosun Ndubuisi Francis The federal government has constituted a ten-member committee to review the Insurance (Consolidated) Bill, a move that seeks to make the bill conform with the ideals of contemporary insurance practice. It is also aimed at ensuring an efficient insurance industry in the country. The impending […]
NAICOM to delist 150 more broking firms
Leave a comment Chuks Udo Okonta At a time the dust raised over the delisting of 108 insurance broking firms is still spreading, the National Insurance Commission (NAICOM) is considering delisting 150 more firms, Inspen has learnt. Our source stated that the planned delisting is strictly handled by the commissioner […]
FG To Introduce Death Insurance For Soldiers Fighting Insurgency
Dan-Ali Agency Report Leave a comment The Minister of Defence, retired Brig.-Gen. Mansur Dan-Ali, said on Friday that the Federal Government would introduce insurance package for soldiers fighting insurgency in the North-East. Dan-Ali made the disclosure while briefing newsmen shortly after a Special Juma’at Prayer to mark the 2016 Armed […]
Insurance market in Nigeria will see solid growth this year
Experts are predicting that, regardless of the challenges in the country, the industry will be growing faster. A recent analysis has been published by KPMG and has predicted that the insurance market in Nigeria will see its growth picking up speed despite some of the challenges it has been facing […]
Insurance buyers to use NIN from Sept 1
Leave a comment Chuks Udo Okonta From September 1, this year, the National Identification Number (NIN) would be use in the purchase of insurance policies, Inspen has learnt. The General Manager Legal Services, National Identity Management Commission (NIMC), Mrs Hadiza Dagabana, disclosed this on Saturday, while making some clarifications on […]
