Chairman, Nigerian Insurers Association, Tope Smart Leave a comment and share Chuks Udo Okonta Gross Premium Written N413.8 billion Gross Claims Paid N193.5 billion Reinsurance Paid N118.4 billion Net Premium Income N287.8 billion Total Underwriting Profit N56.6 billion Profit Before Tax N40.2 billion Profit After Tax N31.5 billion Shareholders’ Fund […]
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NAICOM to produce 100 actuarial analysts
From Left: Member, Committee on Actuarial Development, National Insurance Commission (NAICOM), Oladimeji Salami; NAICOM Director, Policy & Regulation, Pius Agboola; Rector, College of Insurance and Financial Management, Dr. Yeside Oyetayo; Acting Commissioner, NAICOM, Sunday Olorundare Thomas; Facilitator, Nigeria Actuarial Society (NAS), Jola Fakoya; Chairman, NAICOM Committee on Actuarial, Taiwo Adeoye […]
Allianz Global Corporate & Specialty appoints Henning Haagen as new Chief Underwriting Officer
Henning Haagen Leave a comment and share • Henning Haagen is currently Regional Head of Specialty and Northeast Zone Executive for AGCS North America and will become Chief Underwriting Officer Specialty effective March 1, 2020. • Haagen brings extensive experience in international Underwriting and Reinsurance business. Allianz Global Corporate & […]
Deploying insurance as enduring elixir for rampaging fire
Leave a comment and share By Dele Ayeleso Risks are inevitable part of human’s life. Nature has various manifestations that could either be gentle or aggressive. Sometimes, incidence of nature could be so calm while at the other times, it becomes fierce. The calm side is loved and desired by […]
NCRIB seeks insurance cover for LCCI’s yearly multi-billion Naira trade fairs
From left: The Executive Secretary, Nigerian Council of Registered Insurance Brokers (NCRIB), Fatai Adegbenro; Deputy President (NCRIB), Rotimi Edu, MNI; President (NCRIB), Mrs Bola Onigbogi; President, Lagos Chamber of Commerce and Industry, (LCCI), Mrs Toki Mabogunje; Vice President, (NCRIB) Tunde Oguntade and Director General, LCCI, Muda Yusuf during a courtesy […]
Cornerstone Insurance Plc emerges best performing stock in 2019
From left: Head, Marketing and Corporate Communications Group, Cordelia Ekeocha; Cornerstone Insurance Plc, Executive Director, Technical/Operations, Tokunbo Bello; Group Managing Director/ CEO, Ganiyu Musa; Head, Listings Business Division, Nigerian Stock Exchange, Olumide Bolumole; Head, Central Claims Group & Special Risks Underwriting, Olufunmilayo Amanwa and Group Head, Strategy, Investor Relations & […]
Mutual Benefits Assurance adores God for 2019/2020 business operations
Executives of Mutual Benefits Assurance cutting the thanksgiving cake at the event. Leave a comment and share Chuks Udo Okonta The Board, Management and Staff of Mutual Benefits Assurance Plc, today rolled-out drums to worship and appreciate God Almighty for His gestures and successes recorded presently and previous years. At […]
NIA applauds NAICOM on recapitalisation deadline extension, seeks palliatives
Mrs. Ilori Leave a comment and share Chuks Udo Okonta The Nigerian Insurers Association (NIA) has commended the National Insurance Commission (NAICOM) for its recent circular on extension of deadline for recapitalisation of Insurance and Reinsurance Companies in Nigeria, describing it as a step in the right direction. A statement […]
UK Non-Life Insurers face strong competition and claims inflation
Leave a comment and share AM Best states that market conditions for UK non-life insurers have been difficult in 2019. Against a backdrop of strong competition, companies have had to contend with changes in the discount rate used to calculate lump-sum personal injury compensation, claims inflation due to higher repair […]
Global Insurance fraud detection market size to hit $10bn by 2025
Leave a comment and share NEW YORK, Jan. 16, 2020 /PRNewswire/ — The Global Insurance Fraud Detection Market size is expected to reach $10 billion by 2025, rising at a market growth of 26.6% CAGR during the forecast period. Read the full report: https://www.reportlinker.com/p05807152/?utm_source=PRN Insurance fraud takes place when an […]
