Kindly leave a comment and share Chuks Udo Okonta One of the biggest risks to insurance practice is Bad Ambassadors mis-presenting the industry, whose activities need to be mitigated with a special ‘Cover’ from the National Insurance Commission (NAICOM) These bad ambassadors are amongst underwriters; brokers; agents and their activities […]
Insurance
AIICO collects two laurels at 2024 Almond Insurance Industry Awards
Kindly leave a comment and share Chuks Udo Okonta AIICO Insurance Plc claimed two of the evening’s most prestigious honours: ‘Life Insurance Company of the Year’ and the highly sought-after ‘Insurance Chief Executive Officer (CEO) of the Year’ for Babatunde Fajemirokun, the company’s MD/CEO at the 2024 Almond Insurance Industry […]
NAICOM unveils plans for African Alliance Insurance annuitants
Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) said the appointed interim board and management of African Alliance Insurance Plc would within the one year turn around period of the ailing firm, ring fence the annuity portfolio, transfer the fund to a Pension Fund […]
Winners of 2024 Almond Insurance Industry Awards
Kindly leave a comment and share *GENERAL INSURANCE COMPANY OF THE YEAR Leadway Assurance Company Ltd *LIFE INSURANCE COMPANY OF THE YEAR AIICO Insurance Plc. *TAKAFUL INSURANCE COMPANY OF THE YEAR Noor Takaful Insurance Limited *INSURANCE BROKER OF THE YEAR Kayode Awogboro *INSURANCE CEO OF THE YEAR Tunde Fajemirokun *INSURANCE […]
No nation develops beyond level of insurance appreciation – NCRIB President
Kindly leave a comment and share Chuks Udo Okonta The President Nigerian Council of Registered Insurance Brokers (NCRIB) Prince Babatunde Oguntade, has called for national recognition of the insurance sector, as no nation can develops unless it appreciates insurance as the bedrock of the economy, He stated this at the […]
Continental Re. drums continuous leadership development in insurance sector
Kindly leave a comment and share Chuks Udo Okonta Continental Reinsurance has reiterated the need to ensure continuous leadership capacity development in the insurance industry, in order to boost the sector’s development and contribution to the countries Gross Domestic Products. During a CEO Breakfast organised by the reinsurance firm in […]
PILA partners NAICOM on inclusivity, innovation, insurance penetration
Kindly leave a comment and share Chuks Udo Okonta The Professional Insurance Ladies Association (PILA) has joined forces with the National Insurance Commission (NAICOM) to ensure zero tolerance for non-settlement of claims. This and many other resolutions were reached, when the executive of PILA ably led by the President Bimbo […]
Regency Alliance Insurance gross written premium soars to N6.017bn in 2023
Kindly leave a comment and share Chuks Udo Okonta Regency Alliance Insurance Plc, has grew its gross written premium to N6.017 billion in 2023 financial period, marking a 7.99 per cent increase from last year’s N5.572 billion figure. Additionally, the insurance revenue surged to N6.083 billion, reflecting a robust 21.11% […]
NIA to transform insurance claims payment system
Kindly leave a comment and share Chuks Udo Okonta The Nigerian Insurers Association (NIA) hopes to explore the possibility of digital collation and tracking of claims payment, its Chairman Kunle Ahmed, has said. He disclosed this yesterday at his investiture as the 26th Chairman of the Association in Lagos, stressing […]
Breaking: NAICOM sacks board, management of African Alliance Insurance
Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has sacked the board and management of African Alliance Insurance Plc and appointed a 6-man team to turn around the company within one year. The Commissioner for Insurance Olusegun Omosehin, disclosed this today at a press […]