Allianz has become the no.1 insurer in the Interbrand Best Global Brands 2019 Rankings, released October 17, 2019 with the Allianz brand value increasing from $10.8bn in 2018 to $12.1bn. The report examines the world’s most successful brands through the lens of Iconic Moves, focusing on the end of a […]
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NAICOM to have interactive session with shareholders groups
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) is set to host an interactive session with shareholders associations with interest in insurance companies. A statement by the Head, Commissioner for Insurance’ Directorate, ‘Rasaaq ‘Salami, stated that the session is in line with the ongoing recapitalisation […]
NAICOM to deploy digital regulatory portal by Q1 2020
Participant at the event. Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has said its portal that will integrate all insurance transactions into a single hub will be deployed in the first quarter of 2020. The Acting Commissioner for Insurance, Sunday Thomas, disclosed this at […]
IGI workers protest mass retrenchment
Leave a comment and share Chuks Udo Okonta Aggrieved employees of Industrial and General Insurance (IGI) company limited in Lagos on Wednesday, warned the management to rescind its decision to retrench majority of them or face industrial action. The protesters urged the management under the leadership of the managing director, […]
NAICOM bemoans low level of corporate governance oversight in insurance firms
From left: Albert van der Linden, Speaker/Senior Research Associate, Cenfri; Eddie Efekoha, President, Chartered Insurance Institute of Nigeria; Sunday Thomas, Acting Commissioner for Insurance; Henry Akwara, Chief Executive Officer, Mayflora Consulting Limited; Nosike Agokei, Principal Partner, Agokei and Co. and Yeside Oyetayo, Rector, College of Insurance and Financial Management at […]
NAICOM eyes recapitalisation to stimulate infrastructural financing, job creation
From left: Albert van der Linden, Speaker/Senior Research Associate, Cenfri; Sunday Thomas, Acting Commissioner for Insurance and Nosike Agokei, Principal Partner, Agokei and Co, at the event. Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has expressed optimism that the successful completion of the ongoing […]
AIICO Insurance gets shareholders’ nod to increase authorized share capital to N18bn
Board members of AIICO Insurance Plc at the event. Leave a comment and share Chuks Udo Okonta AIICO Insurance Plc has received shareholders’ approval to increase its authorized share capital from N10 billion to N18 billion, which is in line with the company’s preparedness to meet the new minimum capital […]
UK car insurance premiums fall 1% in Q3 – survey
The cost of a comprehensive motor insurance policy in Britain fell 1% in the third quarter, pushed down by uncertainty from the personal injury discount rate change in July and the market watchdog’s interim report on general insurance pricing practices, a survey showed. The average premium for a comprehensive policy […]
RIMSON holds national confab, invests Akalonu as 6th president
Akalonu Leave a comment and share Chuks Udo Okonta Risk Managers Society of Nigeria (RIMSON) is set to hold its National Risk Management Conference on Wednesday, 23rd and Thursday, 24th October, 2019 at the Oriental Hotel, Victoria Island, Lagos. A statement by RIMSON’s Media Consultant, Joseph Obah, stated that the […]
Royal Exchange posts N14.7bn gross written premium in 2018
From left: Ms. Sheila Ezeuko, Company Secretary/Group Head, Legal Services, Royal Exchange Plc; Kenneth Odogwu, Chairman, and Wale Banmore, Acting Group Managing Director, at the event in Lagos. Leave a comment and share Chuks Udo Okonta Royal Exchange Plc, Nigeria’s premier insurance and financial services group, has said it generated […]
