Leave a comment and share Chuks Udo Okonta The Pension Transitional Arrangement Directorate (PTAD) has paid an additional 9 months of consequential adjustment arrears occasioned by the new minimum wage increase of 2019 to Civil Service Pension Department Pensioners and 6 months of the same arrears to Parastatals, Police, Customs, […]
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Using insurance brokers ‘ll stem allegation of unpaid claims – Onigbogi
Dr. (Mrs) Onigbogi Leave a comment and share Chuks Udo Okonta Until the public understand fully the roles of Insurance Brokers, the allegation of nonpayment of claims and other consequential image challenges in the industry would remain, the President, Nigerian Council of Registered Insurance Brokers (NCRIB) Dr. (Mrs.) Bola Onigbogi, […]
South Africa:Insurance claims for losses from week-long riots estimated at over US$690m to date
Claims for damage and theft from businesses affected by civil unrest in South Africa are likely to be between ZAR7bn ($484m) and ZAR10bn ($692m), reported Reuters quoting the head of the only insurer covering political violence in the country. The riots and looting which started on 9 July and ebbed […]
Nigeria has lowest penetration rate among 9 insurance African markets in 2020
By MEIR team Nigeria ranks fifth among nine insurance markets in Africa in terms of premiums in 2020 but came in last in terms of insurance penetration, according to the latest sigma report from Swiss Re. The countries are: Egypt; Algeria; Morocco; Tunisia; Ghana; Ivory Coast; Kenya; Nigeria and South […]
WAICA Re pays $30.5m claims in 2020
Leave a comment and share Chuks Udo Okonta The West African Reinsurance Corporation (WAICA Re) incurred a net claims of $30.5 million in its 2020 financial year, which translated to 63 per cent increase from the $18.7 million it recorded in 2019. The claims were incurred across most of the […]
Tricycle Riders in Umuahia, Aba endorse Universal Insurance Keke Pass
Leave a comment and share Chuks Udo Okonta Tricycle riders under the agies of Tricycle Owners Association of Nigeria (TOAN) and Aba Tricycle Riders Integrated Welfare Association (ATRIWA) has praised the unveiling of Keke Pass in Umuahia and Aba by Universal Insurance Plc. Speaking at the launch, the Chairman, Aba Tricycle […]
CHI Plc is committed to grooming talents for the Insurance Industry – Efekoha
Leave a comment and share Chuks Udo Okonta Consolidated Hallmark Insurance (CHI) Plc has affirmed the commitment of the company towards the grooming of talents for the insurance industry through its Annual Essay Awards for Tertiary Institutions. The Group Managing Director of Consolidated Hallmark Insurance Plc, Eddie Efekoha, said this […]
Sovereign Trust Insurance wins CITN award
Managing Director Sovereign Trust Insurance Olaotan, Soyinka Leave a comment and share Chuks Udo Okonta Sovereign Trust Insurance Plc was recently presented with an Award by the Chartered Institute of Taxation of Nigeria, (CITN). The Award is in recognition of the company’s position as a key player in the Insurance […]
African Alliance Insurance to host NCRIB Abuja Area Committee
Joyce Ojemudia Leave a comment and share Chuks Udo Okonta Foremost Life Insurer, African Alliance Insurance has announced plans to host the Abuja Area Committee of the Nigerian Council of Registered Insurance Brokers (NCRIB). A statement by the firm’s Brand, Media and Communications Manager, Bankole Banjo, said the meeting will […]
Oyegunle presents scorecard at CIIN 50th annual general meeting
Leave a comment and share Chuks Udo Okonta Having successfully steered the affairs of the Chartered Insurance Institute of Nigeria (CIIN) for one year, Sir. Muftau Oyegunle, has presented his achievements to members of the institute. He did the presentation at the institute’s 50th Annual General Meeting (AGM) today in […]
