Kindly leave a comment and share African Alliance, a stalwart with over 63 years of expertise in the life assurance sector, is presently charting a course to illuminate the lives of both shareholders and customers alike. In a resounding affirmation, the Managing Director of the winner of the 2022 “Claims […]
Insurance
Former CFI, Eugene Okwor to be buried April 12, 2024
Insurers lose billion of naira to poor KYC on motor business
Kindly leave a comment and share Chuks Udo Okonta Insurance operators’ inability to effectively know their motor insurance customers is costing them huge premium loss, Inspenonline can report. According to experts, having complete data of motor insurance policyholders would enable insurers communicate directly and also sell other policies to them, […]
NCRIB implores govt to tackle insecurity, food scarcity
Kindly leave a comment and share Chuks Udo Okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) has asked the federal and state governments to tackle challenges of insecurity and food scarcity bedeviling the country. The President of NCRIB Babatunde Oguntade, disclosed this today at the February Edition of NCRIB […]
How insurers should manage exchange rate risk – Dr. Yusuf
Kindly leave a comment and share Chuks Udo Okonta The Chief Executive Officer Centre for the Promotion of Private Enterprise (CPPE) Dr. Muda Yusuf, has identified investment in hedged assets, currency forwards, diversification of investment portfolio and more as means insurance companies could adopt to manage the volatile exchange rate […]
Distrust clogs KYC policy on motor insurance
Kindly leave a comment and share Chuks Udo Okonta Distrust amongst insurance companies, brokers and agents is clogging Know-Your- Customer (KYC) policy on underwriting of motor insurance, Inspenonline can report. Investigation has revealed that most insurance brokers and agents are reluctant to give vital details such as phone number and […]
FG’s ambitious revenue targets may put pressure on insurance companies – Dr. Yusuf
Kindly leave a comment and share Chuks Udo Okonta The ambitious revenue targets by the government may put pressure on insurance companies from tax and regulatory authorities, Chief Executive Officer Centre for the Promotion of Private Enterprise (CPPE) Dr. Muda Yusuf, has said. He said this while speaking on the […]
International Energy Insurance unveils new office, repositions for growth
Kindly leave a comment and share Chuks Udo Okonta It was pomp and pleasantries at International Energy Insurance (IEI) Plc, a Norrenberger company and a leading player in the Nigerian insurance industry today as Oba Oniru commissioned the company’s new office at FF Millennium, Ligali Ayorinde, Victoria Island, Lagos. The […]
Insurfeel Initiative supports young folks with school fees protection insurance plan
Kindly leave a comment and share Chuks Udo Okonta Determined to help the younger generation especially students mitigate their risks, Insurfeel Initiative has rolled plans to donate School Fees Protection Plan to university and secondary students across the country. The donation which is a Corporate Social Responsibility (CSR) concept is […]
Risk-based Approach as an Imperative for Insurance Market Development in Nigeria
Kindly leave a comment and share Dr Pius Apere Introduction Risk-based approach, a combination of Risk-based supervision (RBS) and risk-based capital (RBC) regulation, has been identified as an imperative to enhance insurance market development in any country including Nigeria. Thus, the need to introduce risk-based approach (and to depart from […]