Leave a comment and share Chuks Udo Okonta Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has introduced an insurance subsidiary – Stanbic IBTC Insurance, thereby adding to its ever-growing bouquet of financial services available to the public. The addition of the insurance subsidiary followed regulatory approvals as […]
Spotlight
Ebonyi, Edo lead Lagos on N2.25bn micro insurance premium generation
Leave a comment and share Chuks Udo Okonta Ebonyi state with N721.40 million premium generation from microinsurance is leading other states including Lagos. Data obtained from the Nigerian Insurers Association (NIA), revealed that the Insurance industry in 2019, posted a gross premium of N2.25 billion from microinsurance business, of which […]
NAICOM besieged by applicants seeking broking, loss adjusting licences
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has said it is presently receiving high inflow of registration requests for new insurance brokers and loss adjusters. NAICOM stated this in a publication published on its website, noting that due to high inflow of registration requests […]
Universal Insurance takes superb underwriting to Uyo, Kano, seeks microinsurance licence
From left, Paulinus Offorzor, Executive Director, Technical Operations; Reginald Anyanwu, Executive Director, Northern Operations; Ben Ujoatuonu, Managing Director/CEO; Barr. Jasper Nduagwuike, Non-Executive Director; Mrs. Bamidele Ojo, Head, Oil & Gas Unit; Tony Okafor, Head, Retail Unit and Barr. Chinedu Onyilimba, Company Secretary/Head, Corporate Communications Unit, at the event in Lagos. […]
Universal Insurance celebrates 60 years of impacting lives, economy
Top board members with management of the firm at the event. Leave a comment and share Chuks Udo Okonta Universal Insurance Plc today rolled out drums to celebrate and thank God and stakeholders for their supports in its 60 years of immensed contributions to the growth of Nigeria insurance industry […]
Sovereign Trust esteems brand development in Nigeria’s insurance industry
Leave a comment and share Segun Bankole “The journey of a thousand miles, they say begin with a step”. No matter how rough that journey might be, the dogged and focused ones never lose sight of where they are headed. They keep forging ahead until the mission is finally achieved. […]
Compulsory building insurance defaulters to pay N5m fine – Bill
• As bill before Senate scaled second reading Leave a comment and share Chuks Udo Okonta A person who fails to comply with compulsory insurance of public buildings and buildings under construction would be liable on conviction to a fine of N5,000,000.00 or imprisonment to a maximum term of 12 […]
Bill bars insurers from granting illegal discounts, rebates
• Continuous violations constitute a ground for cancellation of licence of insurance operators Leave a comment and share Chuks Udo Okonta The Insurance Industry Consolidated Bill, has barred insurance companies from granting any discount or rebate in the approved rate of premium in respect of insurance made compulsory by law […]
32 states shun group life insurance cover for workers
Leave a comment and share Chuks Udo Okonta In spite efforts by the National Pension Commission (PenCom) and the Nigerian Council of Registered Insurance Brokers (NCRIB) to get all states in the country to adopt group life policy for their workers, 32 out of the 36 states have refused to […]
SUNU Assurances celebrates women for setting new records
Female staff of SUNU Assurances during the celebration of the event in in Lagos. Leave a comment and share Chuks Udo Okonta To observe International Women’s Day, Insurance giant, SUNU Assurances Plc is celebrating achievements and acknowledging the increasing visibility of women in every sphere of the company’s operations. The […]
