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 […]
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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 […]
ILAN President gets claims book developed for CIIN
From left: Egbuniwe receiving the book from Hassan Leave a comment and share Chuks Udo Okonta The immediate Past President, Institute of Loss Adjusters of Nigeria (ILAN) Femi Hassan, today handedover Claims Book prepared by the Institute for CIIN to the current President, Reginald Egbuniwe. The handover which was done […]
Market share of insurance firms
Leave a comment and share Chuks Udo Okonta Twenty nine insurance companies need to redouble their efforts to enable them have a sizable share in the underwriting market, Inspenonline can report. According to data obtained from the Nigerian Insurers Association (NIA) which detailed the positions of underwriting firms as at […]
Allianz Risk Barometer 2020: Nigerian businesses concerned about the economy and corruption
Leave a comment and share Press Release • 9th annual survey on top business risks attracts record participation of 2,700+ experts from over 100 countriescq • Macroeconomic developments rises from #9 to #1 in Nigeria as the economy has showed no sign of acceleration in Q3 • Theft, fraud and […]
Funmi Omo, MD African Alliance Insurance loses Dad
Ajani Leave a comment and share The pioneer Bishop of Egba West (Anglican Communion), Rt. Revd. Samuel Olukunle Ajani, is dead. The event occurred in the late hours of 26 January, 2020 after a brief. He was 80. Widely called “Pillar of Faith” by parishioners and friends, Rt. Revd S.O […]
Insurers should be wary of natural disaster in 2020 – Anchor insurance MD
Ebose Leave a comment and share Chuks Udo Okonta The Managing Director/Chief Executive Officer, Anchor Insurance limited, Ebose Augustine, has called on his fellow underwriters to be wary of risks that my arise from natural disaster as they do their business this year. He gave the admonition during an interaction […]
