Thomas Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) is nursing the idea to raise the operating capital for micro insurance business, Inspenonline can report. The Commissioner for Insurance, Sunday Thomas, alluded to this fact in an interview with NAIPCO Trumpet a journal published by […]
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CIIN opens entries for October 2020 professional examination today
Leave a comment and share Chuks Udo Okonta Entries are invited online at www.ciinigeria.com for interested persons within and outside insurance industry for October 2020 professional examination of the institute from today September 18, 2020 to October 18, 2020, the Chartered Insurance Institute of Nigeria (CIIN), has said. It stated […]
Insurance broker accused of stealing Sh11.8m Sanlam premiums
An insurance broker has been charged with stealing, for withholding Sanlam Insurance premiums meant for reinsurance at Waica, Continental, Ghana and CICA Reinsurance companies. Cecilia Bridgit Rague, CEO of Underwriting Africa Insurance Brokers was charged with stealing over Sh11.8 million in December 6, 2019 at NCBA Westlands Nairobi jointly with […]
AIICO partners NGO to feed 300 underprivileged families
AIICO staff distributing to people in the community Leave a comment and share Chuks Udo Okonta MD/CEO, Babatunde Fajemirokun AIICO Insurance Plc, in partnership with We Stand Foundation, recently organised a Feeding Relief Programme to cater to the needs of underprivileged people in Lagos. Three hundred (300) families within the […]
NAICOM to bar insurers with outstanding claims from scaling recapitalisation hurdles
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) is going to factor in all outstanding claims before adjudging any insurance company to have attained the recapitalisation requirements, the Commissioner for Insurance, Sunday Thomas. Has said. He said this in an interview with NAIPCO Trumpet a […]
Significant COVID-19 impact on marine insurance
IUMI president Richard Turner By Ranamita Chakraborty The uncertainty stemming from the coronavirus pandemic has significantly affected the global insurance industry and, inevitably, that has impacted the marine sector, according to IUMI president Richard Turner. Mr Turner was speaking during a keynote address to the International Union of Marine Insurance […]
Insurance policyholders win Covid-19 UK high court test case
UK holders of business interruption insurance have won a “significant” victory in a high court test case to determine whether the coronavirus pandemic should trigger payouts under their policies. Lawyers acting for the financial conduct authority (FCA) , which brought the case on behalf of the policyholders, said the judges […]
Firms partner to launch intelligent insurance claims solution
SilverBridge and Astute Financial Services Exchange have partnered to deliver a fully automated intelligent claims processing solution. The system uses Artificial Intelligence (AI) modelling of insurer expert decision-making which enables claims to be processed in real-time while providing maximum risk oversight. “Astute has a proven reputation within the insurance industry […]
5,453 firms seeking govt jobs remit N14.56bn pension contributions
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) said N14.56 billion was remitted to 70,982 employees’ Retirement Savings Accounts (RSAs) by the 5,453 organisations, that sought government contracts/jobs as third quarter of 2019. PenCom noted that it received a total of 5,600 applications for the […]
5G technology to propel insurance industry transformation
5G technology will play an increasingly role in the insurance industry, used at the beginning to the end of insurance-related processes and transforming the sector, says the secretary general of the Office of Insurance Commission (OIC) , Dr Suthiphon Thaveechaiyagarn. 5G technology will play a role in the process of […]
