*Seeks insurance coverage for stevedores Kindly leave a comment and share Chuks Udo Okonta The Guild of Marine Surveyors has implored insurance companies in the country to always appoint registered surveyors to be their eyes at the nation’s ports. A marine surveyor is a person who inspects, surveys, or examines […]
Insurance
FBS Re achieves over N16bn gross written premium, 110% growth in 2022
Kindly leave a comment and share Chuks Udo Okonta Nigeria’s recently established reinsurer, FBS Reinsurance Limited (FBS Re) has recorded a sterling performance of N16.6 billion gross written premium, in its second year of operation. In the Company’s 2022 financial report released at its 2nd Annual General Meeting (AGM) held […]
Why you should not buy insurance just because of claims payment
Kindly leave a comment and share Chuks Udo Okonta Insurance business is beyond just claims payment. Therefore, it is wrong to avoid buying insurance because of perception on claims settlement. When you refrain from buying insurance, you are directly halting other important roles played by insurance operators. For insurance companies […]
Why you should buy insurance when you don’t need it
Kindly leave a comment and share Chuks Udo Okonta Insurance policy is one product you have to buy at the time you don’t need it. This makes it so unique. Unlike drugs that people buy when they are sick, insurance should be bought even when there is no sign of […]
IMT 2023: Registration for West Africa’s biggest insurance, insurtech tradeshow opens August 18
*50+ Speakers; 20+ Demos and Masterclasses, and about 3,000 participants expected Kindly leave a comment and share As the highly anticipated second edition of INSURANCE MEETS TECH (IMT 2.0) scheduled to take place on September 28 and 29, 2023, at the Civic Centre Victoria Island, Lagos, approaches, the event’s organisers […]
Guinea Insurance to issue I.80bn ordinary shares in private placement
Kindly leave a comment and share Chuks Udo Okonta Guinea Insurance Plc said it has secured approval of the industry regulators – National Insurance Commission (NAICOM); Securities and Exchange Commission (SEC), and Nigerian Exchange Group (NGX), for a completion board meeting and private placement initiative paving way for issuance of […]
Why buying insurance is wise investment
Kindly leave a comment and share Chuks Udo Okonta The quest to remain financially stable has forced many people to put their funds in investments that later turned unproductive, making them burn their fingers. But wise people invest to check risks and insurance remains the best tool to achieve this. […]
Pius Agboola, Habila Amos exit NAICOM on compulsory retirement
Kindly leave a comment and share Chuks Udo Okonta The Federal Government tenure policy has led to compulsory retirement of Director, Inspectorate Directorate, National Insurance Commission (NAICOM) Pius Agboola and Director, Administration and Human Resources, Habila Amos. The duo were served compulsory retirement letter on Friday, August 04, 2023 by […]
Why family members should know about your insurance policies
Kindly leave a comment and share Chuks Udo Okonta Huge unclaimed funds running into million of dollars are in the custody of insurers unknown to beneficiaries, because the policyholders didn’t inform their family members of the insurance policies. These unclaimed funds usually are from life policies, which are contributed over […]
CIIN seeks innovative insurance solutions to climate risks
Kindly leave a comment and share Chuks Udo Okonta The Chartered Insurance Institute of Nigeria (CIIN) is working to ensure insurers provide innovative insurance solutions to vulnerable citizens often affected by disasters from climate risks. The President of CIIN, Edwin Igbiti, said this at the 2023 edition of CIIN/LBS Seminar […]