Kindly leave a comment and share Chuks Udo Okonta Individuals seeking to venture into insurance; reinsurance; broking; loss adjusting and agent operations, are now to pay more as the National Insurance Commission (NAICOM) has increased the application and registration/licensing fees for the businesses. The new fees were stated in the […]
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NAICOM speaks tough on rebate, inducement, de-marketing
Kindly leave a comment and share Ogbebor Blessing The National Insurance Commission (NAICOM) has warned insurance practitioners to desist from unfair trade practices to avoid sanctions. NAICOM stated this in its recently released Revised Market Conduct and Business Practice for Insurance and Reinsurance Companies. The insurance industry regulator warned that […]
ILAN elects Diipo Olanrewaju as President
*Gets six new coucil members Kindly leave a comment and share Chuks Udo Okonta The Institute of Loss Adjusters of Nigeria (ILAN) has elected Diipo Olanrewaju as its President. He was elevated toiday at the Institute’s 40th Annual General Meeting (AGM) in Lagos, from the position of Vice President to […]
Coronation holds webinar on importance of insurance for SMEs Nov.1
Kindly leave a comment and share Chuks Udo Okonta Coronation Insurance Plc is set to hold a webinar to spotlight the importance of insurance for Small and Medium Enterprises (SMEs) on Tuesday, November I, 2022. The webinar with the theme: Importance of Insurance for SMEs: Insurance Requirements for a Growing […]
NAICOM bars life insurers with negative cash flow from underwriting new annuity policy
Kindly leave a comment and share Chuks Udo Okonta A Life Insurance Company shall not be permitted to underwrite a new policy until it produces satisfactory evidence of having corrected negative cash flow positions or injected the required mismatch capital, National Insurance Commission (NAICOM) has warned. NAICOM disclosed in its […]
NCRIB canvasses stakeholders’ engagement to tackle flood malaise
Kindly leave a comment and share Chuks Udo Okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) has canvassed convocation of stakeholders’ engagement on tackle the perennial flood malaise. The President of NCRIB, Rotimi Edu, said this today at the October edition of Brokers Members’ Evening in Lagos, adding that […]
Leadway’s CEO cautions businesses, governments on alarming rise in cybersecurity breaches
Kindly leave a comment and share The Managing Director/Chief Executive Officer, Leadway Assurance, Tunde Hassan-Odukale, has cautioned businesses and corporates of the overwhelming rise in cybersecurity risks and crucial steps to mitigate these unprecedented attacks. A recent report by Kaspersky, a multinational cybersecurity and digital privacy company, revealed that the […]
Allianz Nigeria pays skit maker Oga Sabinus’ N35.11m claim to replace crashed Benz SUV
Leave a comment and share Chuks Udo Okonta Allianz Nigeria said it recently settled the insurance claim worths N35,114,625.00 of award-winning skit maker and public figure, Emmanuel Chukwuemeka Ejekiru, more popularly known by his stage name, Oga Sabinus. He was in the news a few weeks ago when his new […]
IFC commits $970.000 to agriculture insurance development in Nigeria
Leave a comment and share Chuks Udo Okonta The International Finance Corporation (IFC), World Bank Group has earmarked $970.000 for the development of agriculture insurance in Nigeria. This was revealed in a document obtained from IFC Project Information and Data Portal. The Corporation stated that an estimated total budget of […]
NAICOM sympathises with flood victims, assures insured of prompt claims payment
Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has sympathised with victims of recent flood disaster across the country assuring all those insured against such misfortunes of its commitment towards ensuring prompt settlement of their claims by insurance companies. The Head of Corporate Communications […]
