Leave a comment and share Chuks Udo Okonta Insurance companies paid over N350 million claims on frauds perpetrated by banks’ staff and fraudsters in 2018. Data obtained from the Nigerian Insurers Association (NIA) stated that NEM Insurance paid the largest claims amounting to N115.20 million, which was paid to Union […]
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Low-income UAE workers to receive free insurance when sending money home
*Democrance, Axa and Hello Paisa team up to offer Dh3,000 in personal accident cover for total disability or death UAE residents remitting money to their home countries in the Middle East, Africa and Asia through Hello Paisa will have complimentary access to the new “Hello Protect” insurance product. Victor Besa […]
Africa Re announces African Insurance Awards
Leave a comment and share Chuks Udo Okonta The African Reinsurance Corporation (Africa Re) has announce entries for the 6th edition of the African Insurance Awards. The objective of the Awards, the organization said is to reward and celebrate innovation, good corporate management and good leadership in the African insurance […]
Linkage Assurance grows profit by 902% in Q4 2019
Braie Leaves a comment and share Chuks Udo Okonta Linkage Assurance Plc has recorded sterling improvements in both its top and bottom-lines for the fourth quarter ended 31st December 2019, despite the harsh operating environment. In the company’s Unaudited Fourth Quarter report submitted to the Nigerian Stock Exchange (NSE), Linkage […]
Roadshow to help Rwandan businesses tap into AfCFTA
Leave a comment and share * Afreximbank, PSF Will Showcase Opportunities from IATF2020 Participation Kigali, 05 February 2020: The African Export-Import Bank (Afreximbank) has announced a roadshow in Kigali to show the Rwandan private sector how it can become a primary beneficiary of the African Continental Free Trade Area (AfCFTA) […]
How insurance sector rejected govt. bids to cut group life premium
Leave a comment and share Chuks Udo Okonta Insurance sector’s rejection of Federal Government bids to reduce the premium for its group life policy was one of the reasons some of government workers didn’t have cover for 2019, Inspenonline has learnt. Inspenonline reliably gathered that the federal government through the […]
CIIN fetes elders, covets prayers for successful insurance recapitalisation
Efekoha Leave a comment and share Chuks Udo Okonta The Chartered Insurance Institute of Nigeria (CIIN) has poured encomium on elders of the insurance industry for laying a solid foundation on which the sector stands today, and also solicited their prayers for successful outcome of the ongoing recapitalisation. The President […]
Insurers pay N648.16bn claims in five years
Leave a comment and share Chuks Udo Okonta Living up to their mandate of restoring people to the state they were before risks occurred, insurance operators within five years paid N648.16 billion claims to claimants. Data obtained from the Nigerian Insurers Association (NIA) revealed that life operators within 2014 and […]
African Alliance Insurance posts N7.5bn gross premium written
Funmi Omo Leave a comment and share Chuks Udo Okonta African Alliance Insurance Plc, has recorded a 45 per cent jump in its Gross Premium Written (GPW), which moved from N5.17 billion in 2018 to N7.5 billion for the year ended 2019. This is according to the firm’s recently released […]
Borno leads 22 states on insurance premium generation
Leave a comment and share Chuks Udo Okonta At a time some underwriters are afraid of operating in Borno State owing to the activities of Boko Haram, few operators operating in the state seem to be generating huge premium as available data revealed that premium grossed from the state far […]
