Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has said the recent subsidy removal by the federal government exacerbates the need to project the value proposition of insurance beyond the conventional perception, as there will be a “complex rationing” which could further relegate insurance […]
Insurance
Vehicles should be parked at insurance risk not owners – Igbrude
Kindly leave a comment and share Chuks Udo Okonta The National Coordinator Independent Shareholders Association of Nigeria (ISAN) Moses Igbrude, has charged insurance practitioners to rephrase the caution sign – ‘Vehicles parked at owners risk’ to ‘Vehicles parked at insurance risk’ as it is their obligations to provide cover for […]
AIICO Insurance Shareholders applaud N7.55bn profit, 3kobo dividend
Kindly leave a comment and share Chuks Udo Okonta Shareholders of AIICO Insurance Plc, have applauded the growth trajectory achieved by the firm, as it recorded N7.55 billion Profit After Tax (PAT) in the year 2022, as against N4.92 billion achieved in 2021. Speaking at the company’s 53rd Annual General […]
NSIA Insurance educates customers via roadshow, outdoor campaign
Kindly leave a comment and share NSIA Insurance Limited is increasing brand recognition and engagement with potential customers through its roadshow and outdoor campaign. The campaign also serves to reiterate the brand strategy for the year – It’s I-Time – which aims to communicate the advantages of NSIA Insurance product […]
Sanlam, aYo offer Nigerians N125 premium per month insurance cover
Kindly leave a comment and share Chuks Udo Okonta Sanlam, Africa’s biggest insurer, has partnered the continent’s emerging microinsurance fintech, aYo Holdings, to revolutionise insurance in Nigeria in support of Sanlam’s drive to offer local consumers affordable life and hospitalisation cover, which is as low as N125 premium per month. […]
Royal Exchange General Insurance Company posts N14.20bn GWP in 2022
Kindly leave a comment and share Chuks Udo Okonta Royal Exchange General Insurance Company (REGIC), one of Nigeria’s leading insurance companies offering general and special risks protection policies, has declared a Gross Written Premium (GWP) of N14.20 billion of the financial year ended December 31, 2022, reflecting a 10 per […]
Delphine Traoré, Regional CEO of Allianz Africa bags CEO of the Year award
Kindly leave a comment and share • Delphine Traoré is the Africa CEO Forum award winner for The CEO of the Year 2023 • She is the first female CEO of a leading insurance company operating in 14 African countries • She is recognized by her peers for negotiating a […]
NAICOM partners NITDA to institutionalise cyber insurance
Kindly leave a comment and share The Management of the National Information Technology Development Agency (NITDA) led by its Director General/CEO, Kashifu Inuwa Abdullahi, paid a courtesy visit to the National Insurance Commission, NAICOM today. A statement by NAICOM said the team was received by the Commissioner for Insurance/Chief Executive […]
NSIA Insurance delights policyholders with N8.81bn claims in 2022, as shareholders get 2.2kobo dividend
Kindly leave a comment and share Chuks Udo Okonta NSIA Insurance Limited, said it posted a gross premium written of N18.02 billion in year 2022. The composite insurance company said its customers also got their benefits, as N8.81 billion was paid in claims, while shareholders enjoyed a dividend payment of […]
Agricultural insurance premiums in Africa less than 0.7% of world’s total – Africa Re. CEO
Kindly leave a comment and share Chuks Udo Okonta With Agricultural insurance premiums in Africa estimated to be less than 0.7% of the world’s total, insurers, insurance regulators and governments cannot be satisfied with what has been achieved so far in agricultural insurance, says Dr Corneille Karekezi, group managing director […]