Leave a comment and share Chuks Udo Okonta Insurance operators would have scaled through their N1 trillion premium target, if not that they gave out 80 per cent of their revenue as discount, Inspen has learnt. The Chairman, Mutual Benefits Assurance Plc, Akin Ogunbiyi, who stated this at a forum […]
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Transferring risks to insurance Market ‘ll free govt. funds for developmental projects – Tinubu
Tinubu Leave a comment and share Chuks Udo Okonta The President, Nigerian Council of Registered Insurance Brokers (NCRIB), Shola Tinubu, has called on federal, state and local governments to transfer their risks to the insurance market to enable them free funds for other developmental projects. He disclosed this when he […]
Equity Assurance unveils mobile USSD solution to deepen motor insurance
From left: Karim-Franck Dione, Executive Director, Strategy and Performance; Leke Hassan, GM, Business Development and Sales; Abba Kyari Bukar , chairman; Moruf Apampa, Managing Director/CEO; and Samuel Ogbodu, Executive Director, Technical, all of Equity Assurance Plc during the launch of Equity USSD Mobile Insurance Solution in Lagos. Leave a comment […]
UK financial services watchdog to investigate wholesale insurance brokers
(Reuters) – Britain’s financial services industry regulator is to launch later this week a long-promised investigation into competition in the wholesale insurance broking market, where one top executive has complained of “abusive behavior”. The Financial Conduct Authority said on Monday it would publish the terms of reference for the review […]
U.K. Non-Life Market Remains Well-Capitalised Despite Reserve Strengthening for Personal Injury Claims
LONDON, UK – NOVEMBER 2017 – The U.K. non-life market remains well-capitalised overall, in spite of widespread reserve strengthening associated with the reduction in the discount rate for personal injury compensation. A.M. Best’s analysis of the largest 100 U.K. insurers by non-life gross premium income shows that the average solvency […]
Allianz pioneers blockchain prototype for the captive insurance market
• Allianz Global Corporate & Specialty (AGCS) has successfully implemented a blockchain prototype for an existing global captive insurance program of a client • AGCS line of business Allianz Risk Transfer cooperated with EY, Ginetta and Citi Treasury and Trade Solutions • Prototype demonstrates that international insurance transactions can be […]
NAICOM rejigs directorates, departments
CFI, Mohammed Kari Leave a comment and share Chuks Udo Okonta NOTIFICATION OF MOVEMENT OF SUPERVISION DIRECTORATE AND REDEPLOYMENT OF DIRECTORS Further to efforts aimed at repositioning the Commission for better service delivery, management of NAICOM has announced the following changes in the headship of Directorates and Departments. Mr. Olufemi […]
NAICOM staff return to work after signing MoU with management
CFI, Mohammed Kari Leave a comment and share Chuks Udo Okonta Staff of the National Insurance Commission (NAICOM) who went on strike on Monday this week, today returned to work after signing an Memorandum of Understanding (MoU) with the management, Inspen has learnt. According to the Head, Corporate Affairs NAICOM, […]
Tinubu restores autonomy to NCRIB secretariat
From left: The Executive Secretary of the Nigerian Council of Registered Insurance Brokers, Fatai Adegbenro and President Shola Tinubu at the event. Leave a comment and share Chuks Udo Okonta The newly elected President of the Nigerian Council of Registered Insurance Brokers (NCRIB), Shola Tinubu, has pledged to streamline the […]
NIA shops for underwriters with entrepreneurial mind sets
NIA Chairman, Eddie Efekoha Leave a comment and share Chuks Udo Okonta Underwriters with entrepreneurial mind sets are required to move the insurance industry forward, the Fire Offices Committee (FOC) of the Nigerian Insurers Association (NIA), has canvassed. The Committee in a report submitted to the association, maintained that such […]
