Leave a comment and share Chuks Udo Okonta AIICO Insurance Plc., said it has donated reusable face masks to the Nigerian Red Cross, We Stand Foundation and the African Clean Up Initiative (ACI). Non-Governmental Organisations which are actively leading initiatives for public health and humanitarian causes in battling COVID-19. A […]
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NIA records N196m from data upload on NIID in 2019
Mrs. Ilori Leave a comment and share Chuks Udo Okonta The Nigerian Insurers Association (NIA) generated a proceed of N196 million from data upload on the Nigerian Insurance Industry Database (NIID) in 2019, Inspenonline can report. The NIA disclosed this in its 2019 financial report, adding that N5 million was […]
Loss adjuster slams insurer’s decision to reject settlement proposal
Insurance Claims Africa (ICA), a specialist public loss adjustment firm, has expressed its disappointment at insurer Santam’s decision to outright reject a settlement proposal from hundreds of tourism and hospitality businesses. These businesses had purchased BI policies that included extensions for claims arising from infectious or contagious notifiable diseases from […]
Barbers to get COVID-19 cover as business resumes
By Jimmy John Grooming brand Gillette will provide an insurance cover of up to INR100,000 ($1323) for 50,000 barbers as they return to business from the COVID-19 lockdown. Given the nature of their work, the barber community is at a high risk of COVID-19 and so Gillette has announced the […]
Insurance sector generates N490bn business in 2019
Smart Leave a comment and share Chuks Udo Okonta The Nigerian Insurers Association (NIA) has said the volume of business written by the insurance sector grew from N413.8 billion in 2018 to about N490 billion in 2019, representing an increase of 15.55 per cent over 2018 figure. The outgoing Chairman […]
ARIAN to hire female customer service officer, I.T expert
Leave a comment and share *JOB VACANCY* *A Female Customers Service Officer/ I.T expert are Urgently Wanted* Location: Lagos State. The Association of Registered Insurance Agents of Nigeria, National Secretariat, Lagos State, Nigeria is presently looking for a *female* extremely bright and capable customers service officer/I.T researcher to work as […]
Munich Re slashes profit guidance amidst economic uncertainty
By Ranamita Chakraborty As a result of losses and high levels of uncertainty regarding the further economic and financial impact of the COVID-19 pandemic, Munich Re has announced that it will not meet its profit guidance of EUR2.8bn ($3.1bn) for the whole of 2020. The major global reinsurer will not […]
Claims are likely to be around $70bn and manageable
By Anoop Khanna Investment bank Berenberg analysts have said that as per their analysis global claims for the insurance and reinsurance industry due to the COVID-19 pandemic are expected to be in a range of $50bn to $70bn and will be manageable. According to a report on www.artemis.bm , Berenberg […]
COVID-19: Brokers donate 1,000 face masks to LASTMA
Lagos State Commissioner for Transportation, Dr. Frederic Oladeinde (middle), flanked by the Special Adviser to Governor Babajide Sanwo-Olu on Transportation, Hon. Oluwatoyin Fayinka (2ndleft), Deputy President, Nigerian Council of Registered Insurance Brokers (NCRIB), Barrister Rotimi Edu, mni (left) and LASTMA Director of Welfare Matters, Mrs. Aderonke Ojeniyi at the donation […]
CII shows how pandemic impacted finance professionals
By Ranamita Chakraborty A discount scheme by the Chartered Insurance Institute (CII), a UK-based global professional insurance body, has revealed the real financial impact that COVID-19 has had on members of the insurance and personal finance profession. Under the scheme which was announced on 1 May, CII is offering a […]
