Late Dr. Bailey Leave a comment and share Chuks Udo Okonta The Insurance industry is in a state of mourning as the former Commissioner for Insurance, Dr. Oladipo Bailey passed on today. Chief (Dr) Sir. Bailey was a London trained insurance professional of many years and a former Commissioner for […]
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CIIN invites entries for October 2019 examinations
* Gives 15% discount for early registration Leave a comment and share Chuks Udo Okonta Entries are invited online from interested persons within and outside the insurance industry for the October 2019 professional examinations, the Chartered Insurance Institute of Nigeria (CIIN), has canvassed. A document signed by the Director-General of […]
NAIC pays N464m claims in Q1 2019
Mrs. Folashade Joseph Leave a comment and share Chuks Udo Okonta The Nigerian Agricultural Insurance Corporation (NAIC) has paid N464 million claims in the first quarter of 2019 to its insured farmers across the country. A statement by the firm’s Head, Corporate Affirms, Magdalene Omosimua, noted that the Managing Director/Chief […]
Brokers, agents get N38.89bn commission from insurers
Leave a comment and share Chuks Udo Okonta Insurance brokers and agents were paid N38.89 billion as commissions by underwriters in 2017, Inspenonline can report. Data obtained from the Nigerian Insurers Association (NIA) revealed that the insurance intermediaries received N24.70 billion from general business operators and N14.18 billion from life […]
AIICO Insurance celebrates Children‘s Day, donates beds, foodstuff, generator
Members of staff of AIICO Insurance with some Children of the Hearts of Gold Children’s Hospice, Surulere, Lagos. Leave a comment and share Chuks Udo Okonta AIICO Insurance Plc., yesterday, joined the rest of the world to mark the 2019 Children’s Day, which it celebrated with Children of the Hearts […]
FBNInsurance pays N4.8bn claims in 2018, declares dividend
Leave a commend and share FBNInsurance Limited, one of the leading life insurance companies in Nigeria, has presented its annual report to shareholders at the company’s Annual General Meeting (AGM) which held in Lagos recently. Addressing the members of the press, the Managing Director/Chief Executive Officer, FBNInsurance Limited, Val Ojumah, […]
Linkage Assurance strengthens customer service centre to enhance complaints resolution
Braie Leave a comment and share Chuks Udo Okonta Linkage Assurance Plc has strengthened its Customer Service Centre to ensure customers get the best of attention and are able to resolve their complaints without going through hassles. The service centre, which has been equipped with state of the art technological […]
Insurance sector seeks N463bn capital as firms may reduce to about 25
Leave a comment and share Chuks Udo Okonta Insurance and reinsurance firms operating in the country in line with the new capital regime announced by the National Insurance Commission (NAICOM) would have to shop for N463 billion to enable them remain afloat. Data obtained from the Nigerian Insurers Association (NIA) […]
Insurance sector paid-up share capital may hit N666bn
Leave a comment and share Chuks Udo Okonta The new capital regime announced by the National Insurance Commission (NAICOM) may shore-up the paid-up share capital of insurance sector to N666 billion, that is if the 55 insurance and 2 reinsurance firms were able to scale the recapitalisation hurdles. The composition […]
Shareholders to seek legal counsel on NAICOM’s new capital for insurance sector
Coordinator Emeritus, Independent Shareholders Association of Nigeria (ISAN) Sir Sunny Nwosu and a shareholder at an event. Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) and shareholders of insurance companies may embark on another rounds of legal battle as the investors have resolved to seek […]
