Leave a comment and share Chuks Udo Okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) has felicitated with its Vice President, Rotimi Edu, on his successful completion of course at the Nigerian Institute of Policy and Strategic Studies, Kuru. Edu, a Lawyer and Chartered Insurer, who graduated along other […]
Spotlight
Sovereign Trust Insurance records 352% PAT increase in Q3 2017
From left:,Chairman , Sovereign Trust Insurance Plc, Mr. Oluseun O. Ajayi, MD/CEO, Olaotan Soyinka and Executive Director, Marketing and Business Development, Ugochi Odemelam at the 22nd Annual General Meeting of Sovereign Trust Insurance Plc held in Lagos. Leave a comment and share Chuks Udo Okonta Sovereign Trust Insurance Plc has […]
AIICO Insurance wins 4 Pearl Awards, eyes micro insurance, bancassurance
From left: Creative Manager, AIICO Insurance Pl, Ademola Adenekan, Head, Strategic Marketing & Communications, Atinuke Jose; Head, Corporate Services, Phil Maduagwu; Executive Director, Technical Adewale Kadri and Principal Manager, Non-Life Business) Akinsola Akinsola at the award ceremony in Lagos. Leave a comment and share Chuks Udo Okonta AIICO Insurance […]
46 insurance firms have less than 2% market share – NAICOM
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has revealed that 46 out of 57 insurance and re-insurance firms have less than two per cent of the insurance industry market share. According to the 2016 financial performance of insurance companies published on the website of […]
NAICOM compels all insurers to register with CIIN
Kari Leave a comment and share Chuks Udo Okonta Very soon no staff of insurance company can operate without registering with the Chartered Insurance Institute of Nigerian (CIIN), Inspen can report. It was gathered that the National Insurance Commission (NAICOM) has vowed to issue a guideline that will compel all […]
CIIN eyes 3000 professionals in one year
Mrs Ashaye Leave a comment and share Chuks Udo Okonta We are presently on a drive to achieve an additional 3,000 members for the Institute within the next one year, the President, Chartered Insurance Institute of Nigerian (CIIN) Mrs Funmi Babington-Ashaye, has said. She disclosed this today at a media […]
Law Union & Rock Insurance pays N1.25bn
From left: Olayiwola Olabisi, Chief Financial Officer; Mrs. Eyoanwan, Head, Human Capital Management; Olasupo Sogelola; Executive Director, Technical & Operations; Mrs. Olufolake Afolabi, Chief Technical Officer; Steve Ajudua; Chief Marketing Officer Law Union & Rock Insurance Plc at the event. .Wins awards Leave a comment and share Chuks Udo Okonta […]
Insurance firms to be rattled by RBS, as NAICOM is set to unveil new capital
Leave a comment and share Chuks Udo Okonta As the National Insurance Commission (NAICOM) plans to move to the next phase of implementation of the Risk-Based Supervision (RBS) which is determining the capital requirements for underwriting risks, 16 firms which shareholders’ funds are below or slightly above the statutory capital […]
Insurers agree on sharing formula for multi-million rebranding project
Members of Insurers’ Committee at the event Leave a comment and share Chuks Udo Okonta Insurance operators have agreed to raise 50 per cent of the funds for the industry’s rebranding project from companies gross premium income, and the balance 50 per cent, shared evenly amongst themselves. Addressing Journalists, today […]
Insurance firms need bold internal auditors – Group
NIA Chairman, Eddie Efekoha Leave a comment and share Chuks Udo Okonta A group has called on internal auditors of insurance firms to be bold in engaging senior management to stem the unethical practices prevailing the industry. The call was parts of the takeaways of the annual seminar organised by […]
