Patrick Collinson First the bad news. When I promised last week to name and shame the companies accused of overcharging loyal customers for home insurance, I didn’t think it was going to feature Nationwide, usually one of the better behaved financial services providers. The good news is that Nationwide has […]
Insurance
Regulator to tighten controls for insurance companies
By Li Xiang BEIJING, Dec. 30 (Xinhuanet) — The China Insurance Regulatory Commission said on Tuesday that it would tighten regulations for insurers to reduce the risks from equity investments. Several insurance firms have been making aggressive equity investments recently with leveraged trading and this could endanger their ability to […]
NCRIB Commiserates with Galaxy TV, others over fire disasters
Okunoren The Nigerian Council of Registered Insurance Brokers (NCRIB) has condoled with management of Galaxy Television which station was gutted by fire recently in Lagos. The Council also extended the same message to victims of recent fire outbreak in Lagos and other parts of the Country. In a release signed […]
NCRIB appeals to NAICOM over delisted brokers
The Nigerian Council of Registered Insurance Brokers (NCRIB) has appealed to the National Insurance Commission (NAICOM) to revisit the case of some of the 108 delisted broking firms as some of them made errors that are deliberate. Executive Secretary, Nigerian Council of Registered Insurance Brokers (NCRIB), Fatai Adegbenro, who made […]
Battle of wits: Local, foreign firms jostle for reinsurance deals
CFI, Mohammed Kari Nigeria and its other African counterparts are facing challenges as they struggle to have a bigger share of the juicy reinsurance business in their countries, which is largely done by foreign companies, NIKE POPOOLA reports If indigenous insurance firms in Africa are not earning premiums from the […]
Insurance stakeholders expect new dawn in 2016
In spite of hard times that Nigerians are passing through, which is equally affecting insurance adoption and renewals, market players are optimistic 2016 will usher in a new dawn in insurance industry. ZAKA KHALIQ writes. Hope dashed, dreams in still-born, harsh business operating environment, the continuous killing of people by […]
Fraud: Insurers lease professional certificates for fee
Leave a comment Chuks Udo Okonta Whenever an insurer presents a professional certificate to you ensure you verify for it may be a lease document, as it has been alleged that the act has become money-spinner in the industry. The Managing Director Consolidated Hallmark Insurance Plc, Eddie Efekoha, at a […]
Why insurers have high management expenses – Shareholder
Shareholders at an annual general meeting Leave a comment Chuks Udo Okonta For companies to attract best hands and retain them, they should be ready to pay, this was the submission of the Coordinator Independent Shareholders Association of Nigeria (ISAN) Sir Sunny Nwosu, while responding to the agitation on huge […]
Insurance investors push for deduction of fine from management, board of errant firms
Shareholders at an event Leave a comment Chuks Udo Okonta Investors under the umbrella of Independent Shareholders Association of Nigeria (ISAN) are pushing for the payment of fine imposed on insurance companies by the managements and boards of errant firms. The Coordinator of ISAN, Sir Sunny Nwosu, who disclosed this […]
Insurers To Pay Out £520m After Storm Desmond
There have been 23,700 claims made for property damage – just over 4,000 relating to businesses, says Britain’s insurance body. British insurers say they are expecting to pay out more than £520m to help victims recover after Storm Desmond. Emergency payouts of £2.6m have already been made to people and […]
