Leave a comment and share Chuks Udo Okonta Twenty three out of 56 insurance companies in the country recorded losses in 2015, Inspen can report. According to a report obtained from the Nigerian Insurers Association (NIA) only 33 companies were able to surmount economy challenges and made profits. Some of […]
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CIIN elects Funmi Babington-Ashaye 48th president
Mrs Funmi Babington-Ashaye Press release The Chartered Insurance Institute of Nigeria (CIIN) has elected Mrs Funmi Babington-Ashaye as its 48thPresident. The new President, a former Managing Director of Cornerstone Insurance and NICON, is the sixth female president of the Institute. Her investiture comes up on Tuesday, July 25 at the […]
FBNInsurance celebrates outstanding retail agents
Managing Director FBNInsurance Val Ojumah Leave a comment and share Chuks Udo Okonta The management of FBNInsurance recently celebrated her outstanding retail agents at a brief ceremony held in the company’s Ikeja branch office. A statement by Ajibola Liyide of the firm’s corporate communications unit, said the overall best newly […]
Funmi Babington-Ashaye to become CIIN’s 48th president
Mrs. Funmi Babington-Ashaye Leave a comment and share Chuks Udo Okonta The Managing Director/ CEO of Risk Analyst Insurance Brokers Limited, Mrs. Funmi Babington-Ashaye, will on Tuesday, July 25, 2017 become the 48th President of Chartered Insurance Institute of Nigeria (CIIN). The investiture ceremony which is expected to attract dignitaries […]
Holistic implementation of MDRI is panacea to insurance growth
Soladoye The Managing Director Riskguard-Africa Nigeria Limited, Yemi Soladoye, in this interview said without implementing the MDRI as a holistic Industry Master Plan and in a coordinated manner, the Nigeria Insurance industry cannot occupy its position of strategic importance in Nigeria economy as it obtains in South Africa, U.S.A, India […]
Lady Chukwuma unveils scorecard amid encomium
From left: Former President, Chartered Insurance Institute of Nigeria, Seyi Ifaturoti; outgoing President, Lady Isioma Chukwuma and Incoming President, Funmi Babington-Ashaye at the event. Leave a comment and share Chuks Udo Okonta There were outpour of praises on the outgoing President of the Chartered Insurance Institute of Nigeria (CIIN) Lady […]
Insurers post N1.72trn gross premium in 6 years
Efekoha Leave a comment and share Chuks Udo Okonta Insurance companies generated about N1.72 trillion gross premium in six years, Inspen can report. According to the Nigerian Insurers Association (NIA) the premium was generated between 2011 and 2016. The association noted that between 2011 and 2015 life insurers posted N447.59 […]
Insurance sector grows assets to N941.28bn
Chairman NIA, Eddie Efekoha Leave a comment and share Chuks Udo Okonta The insurance industry’s total assets stand above N941.28 billion, Inspen can report. According to the Nigerian Insurers Association (NIA), the total assets of underwriters in 2015 was N894.88 billion, while those of reinsurers stood at N46.40 billion, amounting […]
NIID: NIA generates N160.47m from data uploads in 2016
Leave a comment and share Chuks Udo Okonta The Nigerian Insurers Association (NIA) says it got N160.47 million as proceeds from data uploads on Nigerian Insurance Industry Database (NIID) in 2016. According to the association’s 2016 financial report, the balance in the account of the NIID as at the beginning […]
A.M. Best Places Credit Ratings of African Reinsurance Corporation Under Review With Negative Implications
A.M. Best has placed under review with negative implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of African Reinsurance Corporation (Africa Re) (Nigeria). These Credit Rating (rating) actions follow further analysis of the corporation’s capital structure, namely the rights of shareholders to […]
