By Gratian In this modern world, smartphones have become an important aspect of our lives. We depend on these devices so much, personally and professionally. However, despite their advances, smartphones are still susceptible to various risks such as damage, theft and loss, to name a few. This is why there’s […]
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LASACO Insurance receives shareholders nod to raise N10b
From left: Managing Director/Chief Executive Officer, Segun Balogun; Chairman, Mrs. Aderinola Disu and Company Secretary, Mrs. Gertrude Olutekunbi at the event. * Pays 5k dividend Leave a comment and share Chuks Udo Okonta LASACO Insurance Plc has been granted approval by its shareholders to shop for N10 billion capital through […]
Universal Insurance disowns ‘Standard Payment Investment’ Scheme
Ujoatuonu Leave a comment and share Chuks Udo Okonta The management of Universal Insurance Plc has disassociated the Company from the “Standard Payment Investment Scheme” currently circulating in some social media platforms and elsewhere, purporting to collaborate with Universal Insurance in its bid to extort money from unsuspecting members of […]
South African insurance companies are watching what you post on social media
South Africans should be wary of what they publish on social media as their posts are being tracked by insurance companies. Vera Nagtegaal, executive head of Hippo.co.za, says people are very open on social media without thinking about the reach or implications of what they are posting. “Insurance companies are […]
Six million customers overpaying insurance premiums, FCA says
Six million home and motor insurance holders are overpaying by a total of £1.2bn per year because firms are not giving loyal customers fair premiums, a watchdog has warned. The Financial Conduct Authority (FCA) found evidence of insurers overcharging long-standing customers through tactics such as selling policies to new consumers […]
Insurance Sector Life Annuity Fund Portfolio hits N323bn – NAICOM
The Insurance sector life annuity fund portfolio stood at about N323 billion at the end of the second quarter of 2019. The information was made available by Mr Rasaq Salami, Head, Commissioner for Insurance Directorate of the National Insurance Commission (NAICOM) in a statement on Saturday in Abuja. Salami said […]
Insurers lose about N160bn yearly to fake motor insurance racketeers
Leave a comment and share Chuks Udo Okonta At a time insurance companies are scrabbling for funds to remain afloat, about N160 billion which ought to accrue to them yearly from motor insurance business, is fraudulently obtained by individuals who engage in production and sales of fake motor policies. According […]
PILA sustains drive on raising young insurance professionals
Leave a comment and share Chuks Udo Okonta The Professional Insurance Ladies Association (PILA) is set to hold a career talk aimed at encouraging and nurturing students towards a career in insurance. According to the President of the association, Mrs. Ose Oluyanwo, the programme with the theme: Together We Can, […]
Possible Risks Affecting Financial Inclusion in Nigerian Micro-Insurance Market
Apere 1st October 2019 By Dr Pius Apere (PhD/FCII) (Actuarial Scientist and Chartered Insurer) Tel: +234(0)8090747971 Introduction The financial sector (including the insurance industry) is one of the key drivers of any economy across the world, as the sector provides a solid framework in accelerating a sustainable economic growth thereby […]
Igbiti steps in as Managing Director of Niger Insurance
Igbiti Leave a comment and share Chuks Udo Okonta Edwin Igbiti has resumed as the new Managing Director of Niger Insurance Plc, Inspenonline can report. A member of staff of the company told this medium that he resumed mid September 2019 and that his resumption, was greeted with great joy […]
