Managing Director Niger Insurance Plc, Dauda Adedeji; Chairman, Yusuf Abubakar and Company Secretary/Legal Adviser, Taiwo Otuneye at the event. Leave a comment and share Chuks Udo Okonta Niger Insurance Plc posted a Gross Premium Income (GPI) of N5.08 billion in 2016, its Chairman, Yusuf Abubakar, has said. He disclosed this […]
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NIA appoints Mrs Yetunde Ilori Director General
From left: Managing Director, NEM Insurance Plc, Tope Smart; Chairman Nigerian Insurers Association, Eddie Efekoha and Director General, Mrs Yetunde Ilori at the event. Leave a comment and share Chuks Udo Okonta The Nigerian Insurers Association (NIA) has appointed Mrs Yetunde Ilori, as its Director General. The Chairman of the […]
Funmi Babington-Ashaye sets 5-point agenda to reposition insurance
From left: CIIN DG, Richard Borokini, Prof. Taiwo Osipitan, SAN watch, while CIIN President, Mrs Funmi Babington-Ashaye takes the oath of office as she assumes the presidency of the Chartered Insurance Institute of Nigeria during her Investiture in Lagos. .To mould Institute’s workforce towards delivering action plan. Leave a comment […]
AIICO Insurance resumes writing of PenCom annuity business
From left: Head, Life Benefits & Claims, AIICO Insurance Plc, Titilola Okunlola; Head, Group Life Business, Benson Ogunyamoju; Head, Corporate Services, Phil Maduagwu; Head, Retail Life Business, Sola Ajayi; Head, Non-Life Business, Adewale Kadri; Head, Audit Services, Abiodun Adebanjo and Head, Strategic Marketing & Communications Department, Atinuke Jose at the […]
Africa poised to become digital insurance leader, says Allianz CEO Oliver Bäte
Johannesburg, Munich, July 24, 2017: Oliver Bäte, CEO of Allianz SE, today opened the 44th annual Insurance Conference in Sun City, South Africa, with a keynote address on the conference theme “Disrupt, Debate, Deliver”. In his speech, Bäte addressed the profound transformation of the insurance industry wrought by digitalization. “In […]
8 insurers paid N4.16 billion dividend in 2016
Only eight out of over a dozen insurance firms have paid dividends out of earnings to shareholders in 2016 as poor liquidity position and recurring losses by some firms undermine pay-out. Financial services companies often seek to distribute as much excess capital as possible to shareholders in the form of […]
Zimbabwe’s FBC Insurance targets growth with SSP’s Pure Insurance platform
SSP Pure Insurance is a flexible end-to-end core insurance system for all lines of business and all channels JOHANNESBURG, South Africa, July 24, 2017/ — FBC Insurance has chosen to support the growth of its Zimbabwean general insurance business in line with its strategic objectives using SSP’s (www.SSP-worldwide.com) digital insurance […]
Insurance firms with foreign interests, others maintain losses in 3 years
Leave a comment and share Chuks Udo Okonta Old Mutual Insurance Company Limited; ARM Life Plc and Ensure Insurance Plc are amongst insurance firms expected to transform underwriting businesses due to acquisition of their stakes by foreign investors, but the expectations are gradually eroding as they have in three years […]
NAICOM kick-starts plans to abolish brokers annual licence renewal
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has started reviewing brokers licence renewal process which will lead to abolition of the present act of running to the commission yearly for renewals, Inspen has learnt. A source in the commission told this medium that the […]
Insurers pay over N100m claims on banks frauds
Leave a comment and share Chuks Udo Okonta Frauds perpetuated by bankers and their collaborators seem to be on the increase as over N100 million was paid as claims by insurance companies in 2015 to affected banks. According to the Nigerian Insurers Association (NIA), the affected banks include EcoBank Plc, […]
