AlHuda Centre of Islamic Banking and Economics has announced African Takaful Forum on 06–07 March, 2018 in Abuja – Nigeria. This mega forum is supported by National Insurance Commission (NAICOM) Nigeria. The objective of the event is to provide adequate knowledge and benefits of Takaful industry to the relevant market. […]
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NCRIB to sanction errant members, as NAICOM accuses brokers of undermining local underwriters
Adegbenro Leave a comment and share Chuks Udo Okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) is set to sanction some brokers for unwholesome practices, Inspenonline can report. Its Executive Secretary, Fatai Adegbenro, told this medium that the unwholesome acts committed by the brokers have been investigated and that […]
3.8million farmers to get Fed Govt’s insurance cover
By: Nduka Chiejina The Federal Government has increased insurance cover for agric primary producers from 500,000 to 3.8 million. To make this happen, local and international partners will train insurance experts that will midwife the index based agricultural insurance introduced by the government. The MD/CEO, Nigeria Incentive-Based Risk Sharing System […]
Cocoa Farmers Enrolled On Life Insurance And Pension Scheme
By Isaac Okyere Over six thousand cocoa farmers across cocoa growing districts in various regions within the country have been enrolled on a life insurance policy. The policy package commenced by Nyonkopa cocoa buying company to support cocoa farmers includes Life assurance, Child education support and Pension among others. Nyonkopa […]
Dangote decries lack of credit insurance products in Nigeria
Dangote Leave a comment and share Chuks Udo Okonta The President/Chief Executive, Dangote Group, Aliko Dangote, has decried the lack of credit insurance products in the country. Credit insurance is an insurance policy and a risk management product offered by private insurance companies and governmental export credit agencies to business […]
NAICOM charges insurance consumers to report claims defaulters
Kari Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has called on insurance consumers with genuine unsettled claims problems to channel their grievances through its Complaint Bureau Unit (CBU) which has been upgraded to attend to aggrieved consumers. The Commissioner for Insurance, Mohammed Kari, disclosed […]
Linkage Assurance names Joshua Fumudoh new Chairman
Fumudoh Leave a comment and share Chuks Udo Okonta Linkage Assurance Plc has announced the appointment of Chief Joshua Benard Fumudoh as Chairman of the Board of Directors, subject to the approval of the National Insurance Commission (NAICOM), and ratification by shareholders. The appointment takes effect from January 31, 2018. […]
NNPC, Dangote, Police, others list expectations from insurers
Kari Leave a comment and share Chuks Udo Okonta Major stakeholders in insurance business have demanded efficient service delivery; prompt claims settlement; robust information technology deployment; engagement of qualified personnel; ethical practices amongst others, from insurance operators. The stakeholders spoke at the first interactive session with major consumers of insurance […]
5 insurers get NAICOM’s nod to sell index-based agric insurance
Eyes 3.8 million agricultural primary producers Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has granted product approval to five insurance companies participating in the Index-Based Agricultural Insurance (IBAI) pilot scheme. The Director, Inspectorate, NAICOM Barineka Thompson, who disclosed this last week at a seminar […]
NAICOM fines insurance firms N1.4b for infractions
Kari By: Omobola Tolu-Kusimo The regulatory body of the insurance sector, the National Insurance Commission (NAICOM), has fined some insurance firms over $4 million (N1.46 billion) as penalties for various infractions. The Commissioner for Insurance, Mohammed Kari, who stated this over the weekend at a two-day seminar for insurance correspondents […]
