Leave a Comment and share Chuks Udo Okonta AIICO Insurance Plc, NSIA Insurance Limited, FBInsurance Limited and other underwriters have been issued clearance certificates by the National Pension Commission (PenCom) to enable them participate in bidding government insurance businesses. Data obtained from PenCom revealed that 1911 firms from different sectors […]
Spotlight
Universal Insurance gives hope to Okada riders with pocket friendly insurance products
Leave a Comment and share Chuks Udo Okonta Universal Insurance Plc, has introduced a first ever insurance products called Okada Personal Assurance & Safety Scheme (Okada Pass), which are to ensure the safety of Okada riders and their passengers in Nigeria. Okada Pass plan is uniquely designed to provide cover […]
Wife of Kwara State Governor commends Leadway Assurance on MSMEs financial inclusion advocacy
From left: . Adedamola Adeniyi, Ilorin Branch Manager, Leadway Assurance; Alhaji Ganiyu Olanrewaju Opeloyeru, Executive Director, Ajike Support Centre; Ms. Olubunmi Adeleye, Head, Corporate Services, Leadway Assurance; Hassan Rapheal, Director of Protocol to Her Excellency, First Lady of Kwara Stata; Ayoola Fatona, Head/National Coordinator Agric. Insurance and Micro Retail; Stephen […]
Musa becomes Chairman, Council of Bureaux, ECOWAS Brown Card
Musa Leave a Comment and share Chuks Udo Okonta Ganiyu Musa has been inaugurated as the Chairman, Council of Bureaux, ECOWAS Brown Card at the 37th Session of the Council, which held yesterday in Abuja. Musa is the current Chairman, Nigerian Insurers Association (NIA) and Group Managing Director (GMD), Cornerstone […]
Insurance racketeers risk N5m fine, two years imprisonment
Leave a comment and share Chuks Udo Okonta Insurance racketeers may be in for a big trouble when the Insurance Industry Consolidated Act becomes operational and fully implemented, as they would face a fine of N5 million or two years imprisonment for transacting underwriting business without a licence. Presently the […]
China:Revised solvency regulations to take effect from 1 March
The CBIRC has updated its solvency regulations for insurers with the revised rules to take effect from 1 March 2021. The “Regulations on the Solvency Management of Insurance Companies” aims at plugging regulatory gaps in the current solvency system by strengthening solvency supervision and consumer protection. The “Regulations” is set […]
Insurers to procure equipment for Police, Road Safety, Road-Traffic Agencies
Leave a comment and share Chuks Udo Okonta Insurance operators are expected to set aside three per cent of their net premium on motor vehicles policies, which part of the fund would be used to procure equipment for the Nigeria Police, Federal Road Safety Corps and Road-Traffic Agencies. This is […]
ECOWAS to inaugurate Musa as Chairman, Council of Bureaux
Leave a Comment and share Chuks Udo Okonta The Economic Community Of West African States (ECOWAS) is set to inaugurate Ganiyu Musa, as the Chairman of Council of Bureaux, ECOWAS Brown Card Insurance Scheme. To this end, the inauguration, slated for 26th of January, 2020, is expected to take place […]
Chairman ORC Elusakin unveils 5-point agenda
Elusakin Leave a comment and share Chuks Udo Okonta The Chairman, Office Representatives Committee (ORC) of the Chartered Insurance Institute of Nigeria, Gbenga Elusakin, has unveiled a 5-point agenda on which his is administration would leveraged to drive its set objectives. He unveiled the agenda during his investiture as the […]
Exclusive rights offered local reinsurers stifle underwriting technical knowledge – IMF
Leave a Comment and share Chuks Udo Okonta Mandatory cession, preferential tax treatment and supervisory exemptions offered to local reinsurers create an unlevel playing field, hinder competition and deny insurers the benefit from the transfer of technical know-how from foreign reinsurance companies, hence should be reconsidered, the International Monetary Fund […]
