Leave a comment and share Chuks Udo Okonta The insurance industry is deprived of billion of Naira yearly due to dearth of professionals in marine business. Inspen gathered that there is reduced knowledge of marine insurance amongst insurers, paving way for unethical practices and low profitability in the business. According […]
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Thomas left indelible footprints in NIA – Efekoha
From left: Immediate past Director-General, Nigerian Insurers Association (NIA) Sunday Thomas; Director-General, Mrs Yetunde Ilori and Chairman, Eddie Efekoha at the event. Leave a comment and share Chuks Udo Okonta The immediate past Director-General, Nigerian Insurers Association (NIA) Sunday Thomas, has left indelible footprints in the annals of the association, […]
Chartered Insurance Institute of Nigeria partners Babcock University to establish insurance department
CIIN President, Mrs. Funmi Babington-Ashaye (2nd left) makes a presentation to the Dep. Vice-Chancellor, Babcock University, Prof. Sunday Owolabi (2nd right) alongside CIIN Council Member; CIIN DG, Richard Borokini (1st left; M.O Oyegunle (2nd left) and Prof. Patrick Enyi, Dean Faculty of Management, (right) during Collaboration/Partnership meeting by the University […]
Group calls on underwriters to pull out of brokerage, loss adjusting businesses
Leave a comment and share Chuks Udo Okonta For underwriters to uphold high professional standards they must relinquish their interest in loss adjusting; brokerage; loss assessing and pre-loss survey firms, a group has canvassed. The Fire Office Committee of the Nigerian Insurers Association (NIA) made the recommendation in a report […]
Leadway partners NBA, provides N1m cover for members
Leave a comment and share Chuks Udo Okonta Leadway Assurance Limited has sealed a partnership deal with the Nigerian Bar Association (NBA), which will provide insurance cover up to N1 million for member of the legal profession. The deal was sealed during the week long 2017 NBA General Conference which […]
Insurers pay brokers, agents N31.56bn commission
Leave a comment and share Chuks Udo Okonta Insurance companies paid N31.56 billion as commission to brokers and agents in 2015, Inspen can report. According to a report obtained from the Nigerian Insurers Association (NIA), Non-Life operators paid N22.27 billion out of gross premium income of N178.49 billion and Life […]
Law Union & Rock Insurance appoints Sogelola as executive director
Sogelola Law Union and Rock Insurance Plc. has notified the Nigerian Stock Exchange (NSE) and the investing public of the appointment of Olasupo Sogelola as an Executive Director (Operations/Technical). The appointment has been approved by the National Insurance Commission (NAICOM)Inspen can report. Sogelola is an accomplished Executive who has over […]
Insurers in Nigeria advised against reliance on brokers
By Marianne Lehnis The tendency for most insurance brokers to focus on big ticket government business is responsible for the low level of insurance penetration in the country, the Executive Vice Chairman of Insurance Brokers of Nigeria, (IBN), Prosper Okpue, said in an interview with Financial Vanguard. The IBN executive […]
Brokers eye software to enhance regulatory compliance
From left: President of the Nigerian Council of Registered Insurance Brokers (NCRIB) Kayode Okunoren; Managing a Director Zenith-Prudential Insurance Life Limited, Chuks Igumbor; Yeside Kazeem of Prudential and Managing Director Zenith Insurance Company Limited, Ebelechukwu Nwachukwu at an event. Leave a comment and share Chuks Udo Okonta The governing board […]
Allianz acquires Ensure Insurance Plc
Leave a comment and share Chuks Udo Okonta • Allianz now present in 17 countries across Africa • Acquisition in line with Allianz’s growth ambition in Africa • Pending regulatory approvals, transaction expected to close end of 2017 Allianz Group announced today a binding agreement to acquire 98 percent of […]
