Kindly leave a comment and share Chuks Udo Okonta Sanlam General Insurance has made history in the Nigerian Insurance Industry by settling the fastest claim, which was done in less than one hour, using its game changer, Code of Confidence *1056#, USSD enabled device. According to the underwriting firm, with […]
Insurance
NAICOM charts growth path with 10-Year Nigerian Insurance Industry Strategic Master Plan
Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has said efforts are ongoing to conclude work on the 10-Year Nigerian Insurance Industry Strategic Master Plan which would identify and address some of the key challenges of the sector, among others. The Commissioner for Insurance […]
14-Year-Old Kentimfon Ndanyongmong wins 2023 Heirs Life Essay Championship
*Winner to receive N2 million Scholarship Grant *The winning school Gets N500,000 worth of Books and Educational Materials. *Over 5000 entries submitted Kindly leave a comment and share Kentimfon Ndanyongmong, a JSS 3 student from Beulah International School, Akwa Ibom, has emerged as the overall winner of the 2023 Heirs […]
Holding long term assets subjects insurance sector to significant ESG risk – NAICOM
Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has said insurers in Nigeria control assets, many of which are held over the long term, thereby subjecting the insurance sector to significant Environmental, Social and Governance (ESG) risk. The Commissioner for Insurance Sunday Thomas, said […]
Why you shouldn’t buy third party motor insurance policy below N15,000
Kindly leave a comment and share Chuks Udo Okonta In spite efforts by the National Insurance Commission (NAICOM) and Nigerian Insurers Association (NIA) some saboteurs are still hucking third party motor insurance policies below regulatory N15, 000 approved premium. It is quite unfortunate to see uninformed people patronising them, not […]
NAICOM eyes annuity, oil, gas as deal breakers for insurance sector
Kindly leave a comment and share Chuks Udo Okonta While the insurance industry regulator – National Insurance Commission (NAICOM) is working assiduously to open more space for the sector to thrive, it is placing more attention on annuity, oil & gas underwriting which portend haven of opportunities. The Commissioner for […]
How to get motor third party claims payment in three hours
Kindly leave a comment and share Chuks Udo Okonta Do you know that you can get claims on motor third party paid within three hours that an incident occured? Yes! Depending on the extent of the damage, if it is less than N200,000, the claim can be settled within three […]
Afreximbank records $663.6m net interest income for half 2023
Kindly leave a comment and share Chuks Udo Okonta African Export-Import Bank (“Afreximbank” or the “Group”) has released the consolidated financial statements of the Bank and its subsidiaries, for the half year ended 30 June 2023. The results demonstrate a strong and resilient performance, which was ahead of expectations. Afreximbank […]
Continental Re appoints Kevin Mworia as Managing Director Kenya subsidiary
Kindly leave a comment and share Chuks Udo Okonta Continental Reinsurance Plc, has announced the appointment of Kevin Kiambi Mworia as Managing Director for the Kenya Subsidiary. A statement by the company said Kevin succeeds Souvik Banerjea, who has retired from the Company after five years of service. With a […]
How vehicle owners turn N15,000 premium to N3 million benefits
Kindly leave a comment and share Chuks Udo Okonta Where else can you invest N15,000 and harness N3 million and other benefits? Such an opportunity is available in insurance through third party motor products. With just N15,000 paid as premium for a third party policy on your vehicle, insurance, you […]