From left: Deputy President of the Nigerian Council of Registered Insurance Brokers (NCRIB), Mrs Bola Onigbogi; Managing Director, AIICO Insurance Plc, Mr Edwin Igbiti; Paramount Ruler of Uyo, His Royal Majesty Edidem Sylvanus Okon JP, Nsobom Uyo the 7 in handshake with the President, NCRIB, Mr Shola Tinubu; Vice President, […]
Spotlight
FBNInsurance rewards outstanding salesmen with car, trip to Dubai
From left: Ndubueze Onyekachi of Aba Sales Region, overall winner, 2017 FBNInsurance Retail Awards, receiving the keys to a brand new car from Val Ojumah, MD/CEO, FBNInsurance at the firm’s annual retail awards in Aba. Leave a comment and comment Chuks Udo Okonta The management of FBNInsurance, in line with […]
Old Mutual partners Ecobank on bancassurance
From left: Head, Consumer Products, Ecobank Nigeria Limited, Aderemi Sanusi; Head, Retail Mass Market, Old Mutual Nigeria Life Assurance Company Limited, Kayode Odetola; Head, Personal Banking, Ecobank Nigeria Limited, Ayo Osolake; Managing Director, Old Mutual Nigeria Life Assurance Company Limited, Keith Alford and Chief Transformation Officer, Ecobank Nigeria Limited, Unwana […]
Insurers post N363bn premium in 2017
New NIA Chairman, Tope Smart, taking oath of office * Tope Smart now NIA Chairman Leave a comment and share Chuks Udo Okonta The volume of business written by insurance companies grew from N315.96 billion in 2016 to an estimated N363 billion in 2017, the former Chairman, Nigerian Insurers Association […]
African insurance firms urged to embrace digitization to curb fraud
African companies should collect and digitize their data with a view to ending fraud, improving product designs and offering tailored premiums, a Kenyan expert said on Tuesday. Kenya’s former ICT Permanent Secretary Bitange Ndemo told the Africa Insurance Summit underway in Nairobi that there is no legal fragment in Kenya […]
FIRS refunds N1bn erroneous tax deductions to insurance companies
From left: Director General, Nigerian Insurers Association, Mrs Yetunde Ilori and Chairaman, Eddie Efekoha at the event. By Rosemary Onuoha THE Federal Inland Revenue Service, FIRS, has made tax refunds in excess of N1 billion to insurance companies. Chairman of Nigerian Insurers Association, NIA, Mr. Eddie Efekoha disclosed this at […]
Linkage Assurance names Daniel Braie Acting MD/CEO
Leave a comment and share Chuks Udo Okonta The Board of Directors, Linkage Assurance Plc has named Daniel Braie Acting Managing Director/Chief Executive Officer of the Company. He takes over from Dr Pius Apere whose appointment with the Company ended 21st June 2018. The decision follows an emergency board meeting […]
Eddie Efekoha tenders Scorecard
From left: Controller, InfoTech, Research & Statistics, Nigerian Insurers’ Association (NIA), Mrs Bola Omole; Director General, NIA, Mrs. Yetunde Ilori, and Chairman, NIA, Eddie Efekoha at the event. *NIA towers to gulp N1.5 billion Leave a comment and share Chuks Udo Okonta The outgoing Chairman of Nigerian Insurers Association ( […]
Osibanjo, Ovia, others to grace 2018 IICC confab
From left: Director-General, Chartered Insurance Institute of Nigeria, Richard Borokini, Chairman, Planning Committee, National Insurance Conference, Femi Hassan and Managing Director, LAKEG Nigeria Limited, Muftau Oyegunle at the event. Leave a comment and share Chuks Udo Okonta The 2018 National Insurance Conference (NIC), to be organised by insurance operators under […]
1 July 2018 confirmed as the commencement date of the Insurance Act in South Africa
On 21 June 2018 Kuben Naidoo, the Chief Executive Officer of the Prudential Authority, published a communication which confirms that the Insurance Act, 2017 will take effect on 1 July 2018, as anticipated (“Communication”). The Communication provides that the Minister of Finance has signed the notice of commencement of the […]
