Leave a comment and share Chuks Udo Okonta Disengaged workers who already subscribed to Mutual Benefits Assurance Plc Term Assurance and/or Loss of Job insurance policy cover are guaranteed health care services whenever the need arises. To this end, the insurer has partnered a Health Management Organisation(HMO) known as Life […]
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Consolidated Insurance Bill is 70% set – Nwokocha
Leave a comment and share Chuks Udo Okonta The Chairman, House of Representatives Committee on Insurance and Actuarial Matters, Hon. Darlington Nwokocha has assured that Insurance Act, 2003 (Amendment Bill) which is 70 per cent completed by the National Assembly has the capacity to revamp insurance industry for speedy growth. […]
Risk-based Supervision with Effective System of Risk Governance is the Panacea for Nigerian Insurance Industry
August 2021 By Dr Pius Apere (PhD/FCII) (Actuarial Scientist and Chartered Insurer) Chairman/CEO Achor Actuarial Services Limited 1. Introduction Risk-based Supervision (RBS) is gradually becoming the dominant approach to regulatory supervision of financial institutions around the world. Risk-based supervision (RBS) is a system in which the supervising authority allocates time […]
NAICOM takes insurance to MSMEs, Lagos State Governor to grace event
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) is set to sensitise Micro, Small and Medium Enterprises(MSMEs) on insurance protection for their businesses. The regulatory body had earlier sensitised MSMEs as well as relevant stakeholders in Kano State and the Federal Capital Territory (FCT), Abuja, […]
Unitrust Insurance posts N802.19m underwriting profit, pays N1.8bn claims in 2020
Leave a comment and share Chuks Udo Okonta Unitrust Insurance Company Limited, in spite the challenges posed by the COVID-19 pandemic, recorded an underwriting profit of N802.19 million and paid N1.8 billion claims in 2020, its Managing Director/Chief Executive Officer, John Ijerheime, has said. He disclosed this today during a […]
Olatunji Oluyemi passes on
An astute insurer Patrick Olatunji Oluyemi, has passed on at the age of 57 years. According to a family member who confirmed his death, he passed on on Friday, July 23, 2021. “With gratitude to God for a life well spent and total submission to the will of the Almighty, […]
FHC Abuja issues interim order restraining AMCON from taking over NICON Insurance, Nigeria Re
Leave a comment and share A Federal High Court sitting in Abuja has issued an interim order restraining the Asset Management Corporation of Nigeria (AMCON) from taking over the board and management of NICON Insurance Limited and Nigeria Reinsurance Corporation (Nigeria Re). Proshare reported that the presiding judge, Justice A.R. […]
SUNU Assurances posts N313m profit despite COVID-19
Leave a comment and share Chuks Udo Okonta SUNU Assurances Nigeria Plc said it has posted a Profit Before Taxation (PBT) of N313.41 million in 2020, compared to a loss before taxation of N188 million in 2019, despite the effects of COVID -19 pandemic. The Group also recorded a growth […]
Anchor Insurance grosses N6.8bn in 2020
•Pays 4k per share dividend to shareholders Leave a comment and share Chuks Udo Okonta Anchor Insurance Company Limited has announced that it achieved a gross written premium of N6.8 billion at the end of the year as against the N4.2 billion it recorded during the corresponding period of 2019. […]
African Alliance Insurance gets PTAD’s certificate on non-indebtedness
Leave a comment and share Chuks Udo Okonta The Pension Transitional Arrangement Directorate (PTAD) has given the all clear to African Alliance Insurance PLC after the legacy life insurer settled its outstanding indebtedness to the directorate. A statement by the Brand, Media and Communications Manager African Alliance Insurance Plc, Bankole […]
