Leave a comment and share Chuks Udo Okonta Four insurance, one reinsurance and two takaful companies have been granted operational licences by the National Insurance Commission (NAICOM), Inspenonline can report. The new operators ware handed the operational licences today at NAICOM Head Office in Abuja. The new firms are: Heir […]
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Old Mutual drums need for SMEs to protect assets with insurance
Leave a comment and share Chuks Udo Okonta Owing to losses incurred due to the #EndSARS Protests that were hijacked by hoodlums, thereby, leading to destruction of lives and properties worth a trillion naira, there is the need for the Small and Medium scale Enterprises (SMEs) to seek insurance protection […]
Coronation Insurance records N13.26bn gross written premium in Q3
Adekoya Leave a comment and share Chuks Udo Okonta Coronation Insurance Plc. (NSE: Coronation, Bloomberg: Coronation:NL) (“Coronation” or “the Company”), a multi-line insurance company with headquarters in Nigeria has announced its unaudited financial results for the period ended 30th September, 2020, recoding a Written Premium (GWP) of N13.26 billion. A […]
Sovereign Trust Insurance grows PAT to N537m in Q3 2020
Soyinka Leave a comment and share Chuks Udo Okonta Sovereign Trust Insurance Plc (Sovereign Trust and the Company) has once again proved to be a very resilient underwriting organisation that is determined to rise above board in the midst of so many obstacles, as its unaudited third quarter result made […]
China’s insurance sector raises 16 trn yuan for real economy
Leave a comment and share China’s insurance sector has raised nearly 16 trillion yuan (about 2.43 trillion U.S. dollars) for the real economy, the country’s banking and insurance regulator said. The insurance capital, bolstering advantage in long duration and stable source, offered the support through investments in stocks, bonds and […]
NAICOM kicks as life insurers shun over N463.10bn annuity business
Thomas Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has expressed great concern over the declining participation of life companies in Retiree Life Annuity (RLA) business, which is considered as huge emerging opportunity for the industry. Retiree Life Annuity is pension benefit administered by life […]
NAICOM profiles companies with huge unsettled claims for necessary regulatory action
Thomas Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) is profiling insurance companies with huge unsettled claims for necessary regulatory action, the Commissioner for Insurance, Sunday Thomas, has said. He said this today at the 2020 insurance directors’ conference, organised by NAICOM and the College […]
New regulations to spur growth of life insurance in UAE
Leave a comment and share New regulations passed by the Insurance Authority last month are expected to increase life insurance coverage in the UAE, which currently has very low take-up rates, industry stakeholders say. “Life insurance penetration is very low in the UAE. In 2018, it was 0.67 per cent. […]
Insurance, pension sectors need investment professionals, robust data to thrive – Experts
From left: Nona Awoh, notable financial analyst/Resource person; Chuks Okonta, Chairman, National Association of Insurance and Pension Correspondents (NAIPCO), and Lekan Otufodunrin, Executive Director, Media Career Development Network/resource person, during the NAIPCO training workshop at NCRIB building in Lagos. Leave a comment and share Chuks Udo Okonta Proper Investment plan, […]
Lloyd’s of London sees global pandemic insurance losses exceed $107bn
Leave a comment and share Global insurance losses from the COVID-19 pandemic will be higher this year than the $107 billion Lloyd’s of London had previously estimated, its Chairman Bruce Carnegie-Brown said on Wednesday. Carnegie-Brown told the Reuters Events Future of Insurance USA conference that pandemic-induced losses will be on […]
