From left:Commissioner for Insurance Mohammed Kari; Governor of Ogun State, Ibikunle Amosu and President of the Chartered Insurance Institute of Nigeria, Funmi Babington-Ashaye at the event. .To defray claims from firms’ statutory deposit Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) says it is working […]
Spotlight
Insurers Pay N5bn Claims To Lagos, Benue Flood Victims
By ZAKA KHALIQ As the flood continues to cause havoc across the country, owners of properties affected by the deluge and storms in Lagos and Benue States have been compensated by insurers to the tune of about N5billion, LEADERSHIP has exclusively learnt. While insurers have paid most victims who had […]
NAIC mgt expenses exceed gross premium income
Leave a comment and share Chuks Udo Okonta The Nigerian Agricultural Insurance Corporation (NAIC) in 2015 wrote a gross premium income of N1.04 billion, but had management expenses of N1.10 billion, a ratio of 1.07 per cent, this necessitates the need for the Federal Government to urgently refocus the operations […]
NAICOM vows to apologise, refund ‘unjustified’ fines
Leave a comment and share Chuks Udo Okonta The Commissioner for Insurance and helmsman, National Insurance Commission (NAICOM) Mohammed Kari, has vowed to apologise and refund all ‘unjustified’ fines imposed on insurance companies that have concrete evidence to prove their innocence. He told NAIPCO Trumpet, a flagship Journal of National […]
Linkage ‘SMEComprehensive Insurance Plan’ offers survival for small, medium size businesses
Apere Leave a comment and share Chuks Udo Okonta Linkage Assurance Plc says it is committed to helping small and medium enterprises survive business challenges and grow into the future. The company through one of its newest products ‘SMEComprehensive Insurance Plan’ provides financial protection to small and medium sized businesses […]
MTN To Collaborate With Insurance Companies To Boost Growth Of Insurance Industry In Ghana
By Sammy Heywood Okine CEO of MTN Ghana, Mr. Ebenezer Twum Asante, has stated that the telecommunications giant is ready to partner with insurance companies to leverage technological innovations that will boost the growth of the insurance industry in Ghana. Mr. Twum Asante said this when he gave a speech […]
Almond Productions holds 2017 insurance consumers forum
Leave a comment and share Chuks Udo Okonta Almond Productions Limited, promoters of the Annual Insurance Consumers ‘Forum is set to host the 2017 edition in Lagos. A statement by the Chief Executive Officer (CEO) Almond Productions Limited, Faith Ughwode, said the Insurance Consumers Forum (ICF) which started in 2013 […]
ARIAN gets new secretariat, plans housing estate
. Holds insurance walk on September 28 Gbadebo (5th right) with executives of ARIAN at the event Leave a comment and share Chuks Udo Okonta The Association of Registered Insurance Agents of Nigeria (ARIAN) has secured a befitting secretariat which is located at 187 Ikorodu Road by Shyllon Street Palmgrove […]
Sovereign Trust Insurance holds AGM, eyes N7.5bn share capital
Leave a comment and share Chuks Udo Okonta Sovereign Trust Insurance Plc will on Thursday, September 21, 2017, hold its 22nd Annual General Meeting (AGM). A statement by the firm’s Head of Corporate Communications & Brand Management Segun Bankole, noted that the company has been granted approvals for its 2016 […]
Pricing of motor insurance is a ‘no go area’ – NIA Committee
Leave a comment and share Chuks Udo Okonta The pricing of motor insurance is a ‘no go area’ and this has hindered robust deliberation on the issue, the Motor Technical Committee of Nigerian Insurers Association (NIA), has cried out. The committee in a report submitted to the association maintained that […]
