insurance and pension news
Tuesday, March 4, 2025
Kindly leave a comment and share The announcement by the National Insurance Commission (NAICOM) that Nigeria will commence full enforcement of third-party motor insurance on February 1, 2025, is a significant milestone in the nation’s insurance landscape. This decision, driven by the need to enhance road safety and ensure compliance […]
Kindly leave a comment and share Chuks Udo Okonta Companies that are unable to cover the additional expenses introduced by a recent circular are required to transfer their annuity portfolio to another suitable insurance company within 180 days, the National Insurance Commission (NAICOM) has said. NAICOM has released a circular […]
Kindly leave a comment and share Chuks Udo Okonta In a collaborative move to strengthen insurance compliance in the country and the announcement by the Inspector General of Police on the enforcement motor vehicle insurance effective 1st February 2025, the National Insurance Commission (NAICOM) and the Nigeria Police Force (NPF) […]
Kindly leave a comment and share Chuks Udo Okonta Insurance companies paid 92.3 per cent of reported motor insurance claims as at third quarter of 2024, the National Insurance Commission (NAICOM) has said. NAICOM stated in the Synopsis of the Insurance Market in Third Quarter 2024, that the improvements in […]
Kindly leave a comment and share Chuks Udo Okonta Three Secondary School teachers have won the Nigerian Council of Registered Insurance Brokers Lagos Area Committee (NCRIB LAC) Train the Teachers Award. They are Emmanuel Jatto, of Greenville Liberty College Ogun State, who took the first position; Ifeanyi Ogunkoya, from Government […]
Kindly leave a comment and share Chuks Udo Okonta The insurance industry in the third quarter of 2024, recorded a N3.88 trillion in total assets representing an expansion of 5.1 per cent compared to the corresponding period when it reported N2.81 trillion as the industry size, the National Insurance Commission […]
Kindly leave a comment and share Chuks Udo Okonta Since the Inspector General of Police Dr. Kayode Egbetokun announced the enforcement of third party motor insurance, which will commence February 1, 2025, it is expected that education and awareness programmes should be organised for commercial bus owners and drivers, who […]
Kindly leave a comment and share Heirs Insurance Group, Nigeria’s fastest-growing insurance Group, has rolled out a project to empower underserved communities with the training and benefits inherent in upcycling, as part of its sustainability goals. Tagged “The Good project”, Heirs Insurance Group sensitised communities on the benefits of converting […]
Kindly leave a comment and share Chuks Udo Okonta As the enforcement of third party motor insurance by the Nigeria Police begins February 1, 2025, it is expected to fully activate pay N15,000 premium and claim up to N3 million contract that is between insurers and motorists. With the enforcement, […]
Kindly leave a comment and share Chuks Udo Okonta It would have been so lovely to have insurance gift cards, just like other shopping cards that were presented to customers and loved ones during the Christmas and New Year festivities by companies and individuals, which afforded the beneficiaries opportunities to […]
