Leave a Comment and share Chuks Udo Okonta Insurance brokers, agents and other intermediaries earned N54.11 billion commission from underwriters in 2019, Inspenonline can report. Data obtained from Nigerian Insurers Association (NIA) revealed that non life insurance firms paid N35.09 billion commission to the intermediaries, while life operators paid N19.02 […]
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Law Union and Rock drums needs for insurance against uncertainties
Olasupo Sogelola Leave a Comment and share Chuks Udo Okonta The need for Nigerians to protect and secure their lives and properties with an insurance cover has become crucial as level of uncertainties continue to rise across the world, the Executive Director, Law Union and Rock Insurance Plc, Olasupo Sogelola […]
Brokers generate N257.28bn gross premium income for insurers
Leave a Comment and share Chuks Udo Okonta Insurance brokers generated N257.28 billion out of the N490. 80 billion gross premium income recorded by underwriters in 2019, Inspenonline can report. Data obtained from the Nigeria Insurance Digest, published by the Nigerian Insurers Association (NIA) revealed that brokers who are major […]
Insurers generate N888,000 gross premium from Zamfara, as business remains low across most northern states
Leave a Comment and share Chuks Udo Okonta Insurance operators generated just N888,000 gross premium from Zamfara State in 2019, Inspenonline can report. Data obtained from the Nigeria Insurance Digest 2019, published by the Nigerian Insurers Association (NIA) revealed that underwriting business across most northern states remained low. The digest […]
Expert implores professionals to esteem reputational management
From left: Executive Secretary, Nigerian Council of Registered Insurance Brokers, Mr. Fatai Adegbenro; Deputy President, Mr. Rotimi Edu, mni; President, Dr. (Mrs) Bola Onigbogi; Vice President, Mr. Tunde Oguntade and Honourary Treasurer, Mr Wale Oshodi at the Breakfast Series with NCRIB President Leave a Comment and share Chuks Udo Okonta […]
AIICO, NSIA Insurance get PenCom’s nod to underwrite FG’s risks
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 […]
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 […]
