The French life insurance market remains resilient, although the macro-economic environment has led to uncertainty, according to new research from A.M. Best. Despite the current economic pressures affecting France, the country continues to have one of the highest rates of household savings in Europe. Life insurance products – in particular […]
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Cornerstone plans robust mobile insurance
From left: Head, Technical & Risk Management Division, Cornerstone Insurance Plc, Martins Uwuilekhue and Group Managing Director/Chief Executive Officer, Ganiyu Musa at the event. Leave a comment and share Chuks Udo Okonta Cornerstone Insurance Plc, says it will soon unveil robust mobile insurance products to carter for two critical identified […]
Wapic Insurance launches five unique products
From left: Rantimi Ogunleye, Managing Director/Chief Executive Officer, Wapic Life Assurance Limited; Olufemi Obaleke, Executive Director, Wapic Insurance Plc; Yinka Adekoya, Managing Director/Chief Executive Officer, Wapic Insurance Plc and Bode Ojeniyi, Executive Director, Wapic Insurance Plc at the introduction of Wapic Insurance Smart Life Products in Lagos. Leave a comment […]
Don’t Offer Products with Insurance Features, CBN Warns Banks
Obinna Chima The Central Bank of Nigeria (CBN) has advised banks under its regulation not to offer products that incorporate insurance features. The banking sector regulator also urged the financial institutions not to offer free premium payments as a feature of any of their products. The CBN stated this in […]
Wapic Insurance Profit Falls By 28% to N1.193bn
Wapic Insurance Plc’s audited financial results for the period ended 31st December, 2016, have shown that its profit before tax (PBT) dropped by 28 per cent to N1.193 billion, from the N1. 668 billion recorded in 2015. Also, its underwriting profit reduced by 74 per cent to N381 million. This […]
Wapic Insurance Plc’s audited financial results for the period ended 31st December, 2016, have shown that its profit before tax (PBT) dropped by 28 per cent to N1.193 billion, from the N1. 668 billion recorded in 2015. Also, its underwriting profit reduced by 74 per cent to N381 million. This […]
BusinessToday unveils nominees for award
The management of BusinessToday online, a business online news channel, has unveiled the nominees for 2016 Nigerian insurance and pension awards. A statement by the Publisher/Editor-in-Chief, NKECHI NAECHE said 23 firms drawn from the insurance and pension sectors have been selected for various categories and will be voted for by […]
Efekoha reaffirms vision to reposition insurance
Efekoha Leave a comment and share Chuks Udo Okonta The Chairman, Nigerian Insurers Association (NIA), Eddie Efekoha, has reaffirmed his commitments to take the insurance industry to lofty heights. He disclosed this at the just concluded 2017 Chief Executive Officers (CEOs) Retreat organised by the NIA in Lagos. He pledged […]
NCRIB faults force merger for brokers
Leave a comment and share Chuks Udo Okonta The President of the Nigerian Council of Registered Insurance Brokers (NCRIB) Kayode Okunoren, has said force merger cannot be the panacea for insurance brokers to remain afloat. Okunoren, who disclosed this at a press parley in Lagos, noted that it would be […]
Linkage Assurance boosts “Motor Third party Insurance Policy” with extra benefits
Apere Leave a comment and share Chuks Udo okonta Linkage Assurance Plc, has enhanced the consumer benefits in the existing compulsory “Motor Third Party Insurance Policy” under the Insurance Act 2003 with additional protection for the insured’s vehicle. The existing compulsory “Motor Third Party Insurance Policy” does not cover the […]
