Kindly leave a comment and share Chuks Udo Okonta Consolidated Hallmark Insurance (CHI) Limited will on Friday, October 4, 2024, unveil winners of its highly coveted Annual Essay Competition 2023 Edition. The Managing Director/Chief Executive Officer Consolidated Hallmark Insurance (CHI) Limited Mrs Mary Adeyanju, at the pre-awards ceremony press briefing […]
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NAICOM welcomes insurance brokers’ 70% business generation, leverages performance for growth
Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has underscored the pivotal place insurance Brokers occupy in the nation’s insurance ecosystem necessitating the intention of the Commission to further strengthen and support its regulatory body to effectively discharge its self-regulatory functions. The Commissioner for […]
NCRIB applauds Ogun Govt on enforcement of building insurance
*Tasks Industry on implementation Kindly leave a comment and share Chuks Udo Okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) has described the Ogun State government’s enforcement of relevant insurance policy as a step in the right direction, expected to bring about economic growth and development. The President of […]
Enterprise Life sponsors 6th edition of Ibadan Golf Club Open Tournament
Kindly leave a comment and share Chuks Udo Okonta The 6th edition of the Insurance Open Golf Tournament Ibadan has just concluded with commendations from participants and other stakeholders. The tournament, which brought together over 250golfers over a three-day period had Enterprise Life Assurance Limited, a leading digital life insurance […]
NAICOM decries impact of inflation on insurance sector
Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has said inflation has been a major concern for the insurance sector, as rising prices affect both insurers and policyholders. The Commissioner for Insurance/Chief Executive Officer NAICOM Olusegun Omosehin, said this today in a keynote address […]
Embattled firms struggle, as insurers spend about N100m on IFRS 17 integration
Kindly leave a comment and share Chuks Udo Okonta Integrating operations with the International Financial Reporting Standard (IFRS) 17 has impacted much on finances of insurance companies, as they spent between N50 million to N100 million on paying consultants; buying or leasing required software, a feat many ailing firms are […]
CIIN-ORC 2024 workshop to unearth essence of artificial intelligence on insurance sector
*Event holds Thursday, October 3, 2024 in Lagos Kindly leave a comment and share Chuks Udo Okonta The Chartered Insurance Institute of Nigeria (CIIN) Offices Representatives Committee (CIIN-ORC) is set to hold its 2024 workshop on Thursday, October 3, 2024, focusing on benefits of Artificial Intelligence (AI) to the insurance […]
Casava named official insurer for Insurance Meets Tech 2024, offering instant coverage to all attendees
Kindly leave a comment and share Chuks Udo Okonta Insurance Meets Tech 2024, one of West Africa’s foremost conferences dedicated to the intersection of insurance and technology, proudly announces Casava, Nigeria’s pioneering 100% digital microinsurance provider, as its official insurer. The flagship event, set for Friday, September 27, 2024, at […]
2024 Almond Insurance Industry Awards voting closes with 10,983 votes
Kindly leave a comment and share The stage is now set for the 2024 Almond Insurance Industry Awards as voting in the various categories closed on the 20th of September with over ten thousand votes cut-across all arms of the Insurance Industry, Insurance Customers and the Insuring Public. The unprecedented […]
NAICOM awaits 2023 financial accounts of embattled insurance companies
Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has released the names of 44 insurance, reinsurance and takaful firms that have secured approval on their 2023 financial accounts, while awaiting others that are battling to align with the International Financial Reporting Standard (IFRS) 17. […]