Kindly leave a comment and share Chuks Udo Okonta Lasaco Assurance Plc has held its completion board meeting at the Marriott Hotel in Ikeja, to finalise the capital raising of N11.1 billion through a private placement of 9.25 billion ordinary shares of 50k each at 1.20k per share. The official […]
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Retail insurance business struggles amid economic impasse
Kindly leave a comment and share Chuks Udo Okonta The tough economic situation occasioned by the increase in price of fuel and other government policies is hitting hard on retail insurance business, Inspenonline can report. Investigations by Inspenonline revealed that most insurance companies are witnessing drop sales on retail products […]
Lloyd’s market delivers robust underwriting results amid strong pricing conditions
Kindly leave a comment and share Chuks Udo Okonta Lloyd’s reinsurance business has grown strongly in recent years, with a five-year compound average growth rate of 9 per cent. According to AM Best report, in 2023, the market’s reinsurance premiums grew by 12.8 per cent, driven by material growth in […]
Guild of Marine Surveyors courts unregistered practitioners for enrollment
*Induces seven new members Kindly leave a comment and share Chuks Udo Okonta The Guild of Marine surveyors has invited all unregistered practitioners in the marine surveying businesses to associate with the body to enable them enjoy professional support and garner quality knowledge. The President, Guild of Marine Surveyors Wale […]
Guinea Insurance bags N2.07bn revenue in 2023
Kindly leave a comment and share Guinea Insurance Plc has reported a significant 49.4 per cent increase in insurance revenue in 2023, rising from N1.36 billion in 2022 to N2.07 billion. This impressive growth, the firm said highlights the successful execution of strategic initiatives aimed at expanding market presence and […]
Insurance, aviation sectors eye stakeholders meeting to close underwriting gaps
Kindly leave a comment and share Chuks Udo Okonta The insurance and aviation sectors are warming up for a stakeholder meeting that would help address issues around the aviation business underwriting. This was part of the resolutions reached when the Commissioner for Insurance and Chief Executive of the National Insurance […]
NAICOM, NGF Secretariat set joint committee to drive insurance penetration in states
Kindly leave a comment and share Chuks Udo Okonta The Commissioner for Insurance and Chief Executive of the National Insurance Commission (NAICOM) Olusegun Ayo Omosehin, had on Friday August 30, 2024 visited the Director General of the Nigeria Governors’ Forum Dr. Abdulateef Shittu at the NGF Secretariat in Abuja. The […]
Experts to brainstorm on roles of insurance, pension in attaining $1tn economy at 2024 NAIPE Confab
Kindly leave a comment and share The Nigerian Association of Insurance and Pension Editors (NAIPE) has unveiled panelists for its 2024 national conference. The panelists, comprised of experts from key sectors of the economy including insurance, Pension, and Capital Market, will discuss and analyse the theme of the Conference “Towards […]
AM Best, WAICA hold webinar on stress testing in re/insurers on Sept. 17
Kindly leave a comment and share Chuks Udo Okonta The West African Insurance Companies Association (WAICA) and AM Best are set hold a webinar on stress testing in re/insurers to improve insurers’ responses to new and emerging risks. The event would hold on Tuesday, September 17, 2024 and time: 09:00-10:00 […]
Pre-event registration for Insurance Meets Tech 2024 opens on September 2, 2024
Kindly leave a comment and share Chuks Udo Okonta Insurance Meets Tech (IMT) 2024, one of West Africa’s premier conferences at the intersection of insurance and technology, is excited to announce that pre-event registration officially opens on Monday, September 2, 2024. The conference is scheduled to take place on Friday, […]