Leave a comment and share Chuks Udo Okonta Rebranding and reshaping the ethical behaviour of insurance practitioners to ensure they remain true representative of the core values the insurance profession stands for, will help bolster public perception on underwriting business, the Commissioner for Insurance, Sunday Thomas, has said. Thomas, who […]
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NAICOM beams search light on foreigners seeking positions in insurance firms
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has said henceforth, foreigners interested in occupying key positions in any insurance institution in the country and do not have a bank account in Nigeria, should produce result of due diligence conducted by the person’s home country […]
Bola Onigbogi: Opening vistas for insurance broking through strategic engagements
Dr.(Mrs) Bola Onigbogi Tope Adaramola Leadership is all about foresight, diligence and tenacity of purpose in taking followers to where they desire or sometimes don’t desire to go. For Dr.(Mrs) Bola Onigbogi, the close to one year of her tenure as the 20th President of the Nigerian Council of Registered […]
Obasanjo bags NCRIB fellowship, brand ambassador
President of The Nigerian Council of Registered Insurance Brokers (NCRIB), Dr (Mrs) Bola Onigbogi presenting the Fellowship award plaque to Chief Olusegun Obasanjo at his residence in Abeokuta yesterday, during a courtesy visit by delegation of the Council.With them are: the NCRIB Vice President, Tunde Oguntade (1st left); Deputy President, […]
China:Regulator summons senior management of 12 insurers over negative spread risk
The CEOs and chief actuaries of 12 life insurance companies were called up earlier this week for “interviews” with the life insurance supervision department of the CBIRC over the risk of negative spread inherent in the universal life plans that they were selling. The actual financial investment yields on these […]
Nine in 10 CEOs expect permanent shift to remote working
By Anoop Khanna A new survey by PricewaterhouseCoopers (PwC) has revealed that almost nine out of 10 CEOs in the UK expect a permanent shift to more remote working following the COVID-19 crisis. The findings also show that the pandemic is driving a significant change in business models, with over […]
Insurers pay £90m to help families cope with COVID-19 deaths
By Anoop Khanna UK insurers paid the equivalent of £980,000 a day in death claims when coronavirus was at its peak, according to the Association of British Insurers (ABI). Insurers received 7,000 life insurance claims and paid out a total of GBP90m to support the families of those who tragically […]
Lower new car sales expected to hit non-life business this year
The total premium income of Thailand’s non-life insurance companies is expected to decrease this year, pushed down by weaker new-car sales as the motor line accounts for about 60% of total premiums, says Fitch Ratings. In its report, “Thailand Non-Life Insurance Market Dashboard 2020”, Fitch says that the overall business […]
Australian insurers ask courts to decide on pandemic payouts
Paulina Duran The Insurance Council of Australia began legal action on Thursday to seek formal clarification on whether they need to pay insurance claims to small businesses hit by the coronavirus pandemic. The ICA, whose members represent about 95% total premium income written by private sector general insurers, submitted pleadings […]
Consolidated Hallmark Insurance records 100% subscription on right issue offer
Efekoha Leave a comment and share Chuks Udo Okonta The recent Rights Issue embarked upon by Consolidated Hallmark Insurance (CHI) Plc was fully taken up by its shareholders, Inspenonline can report. A statement by the firm affirmed that the company offered by way of Rights Issue 2,032,500,000 ordinary shares of […]
