The National Rifle Association wants to financially cover gun owners who shoot another person, but some critics are asking if the new product is essentially “murder insurance.” Gun-control advocates say the new insurance product could foster more violence and give gun owners a false sense of security to shoot first […]
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NAICOM moves to control insurers huge mgt expenses
Kari Leave a comment and share Chuks Udo Okonta The National insurance Commission (NAICOM) in line with one of its 2017 regulatory priorities, which is to regulate the management expenses of insurance companies, has put a limited on the spending of some firms. The Commissioner for Insurance, Mohammed Kari, told […]
Recapitalisation: 5 Insurance Companies To Raise N20bn
By ZAKA KHALIQ, Lagos – Five of the listed insurance companies on the floor of Nigerian Stock Exchange (NSE) are making frantic move to raise N20 billion from new and existing shareholders, LEADERSHIP investigations have revealed. This, it was learnt, is in a bid to recapitalise and become stronger to […]
Anchor Insurance pays N3.6k dividends
Managing Director/CEO, Anchor Insurance Limited, Adeduro Mayowa; Chairman, Dr. Elijah Akpan and Company’s Secretary/Legal Adviser, Barr. Ime Umoh at the event. Leave a comment and share Chuks Udo Okonta Anchor Insurance Company Limited which held its 27th Annual General Meeting (AGM) recently at the Le Meridian Ibom Hotel and Golf […]
Insurers backtrack after failed attempt to secure N50m rebranding support from NAICOM
Leave a comment and share Chuks Udo Okonta Insurance operators have gone back to the drawing table to brainstorm how to raise parts of the N250 million required to propel the industry’s planned rebranding project after they were unable to convinced the National Insurance Commission (NAICOM) on why it should […]
Trump to end key Obamacare subsidies; insurers likely to flee
In a brash move likely to roil insurance markets, President Donald Trump will “immediately” halt payments to insurers under the Obama-era health care law he has been trying to unravel for months. Before sunrise Friday morning, Trump went on Twitter to urge Democrats to make a deal: “The Democrats ObamaCare […]
NAICOM, PenCom, Lagos State endorse NAIPCO confab
.As Dele Fajemirokun chairs occasion Leave a comment and share The National Insurance Commission (NAICOM), National Pension Commission (PenCom) and Lagos State Government have endorsed the upcoming 2017 Conference of the National Association of Insurance and Pension Correspondents(NAIPCO). The conference is billed to hold on 25th of October, 2017, at […]
NAICOM plans stringent rule for brokers licence renewal
Leave a comment and share Chuks Udo Okonta Barring any change, Insurance brokers with 50 per cent of total income from a client would be denied renewal of their operating licences. Inspen authoritatively gathered that the National Insurance Commission (NAICOM) is planning to evolve a guideline which is in line […]
NAICOM to priorities premium rating in 2018
Commissioner for Insurance Mohammed Kari (6th right); President, National Association of Insurance and Pension Correspondents, Mrs. Omobola Tolu-Kusimo and other participants at the event. Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) said it will channel its energy on instituting appropriate premium rate for the […]
NAICOM seeks partnership with Kaduna State on compulsory insurances
From left: Director, Administration and Human Resources Directorate, National Insurance Commission, Alhaji Adamu Balanti; Commissioner for Insurance, Mohammed Kari and Deputy Commissioner, Technical, Sunday Thomas at the event. Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) is soliciting partnership with Kaduna State government on implementation […]
