Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) says it could not issue the final road map for the Industry’s transition to Risk Based Supervision (RBS) by end of January because it is still considering the inputs from insurers. NAICOM in its regulatory priorities for […]
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Insurers Back Bill To Raise Additional N240bn From Motor Policy
ZAKA KHALIQ Operators in Nigeria’s insurance industry have expressed their support for the ongoing plans to quadruple the country’s third party motor insurance policy from the current N5,000 premium per annum to N20,000. According to LEADERSHIP findings, a bill to increase the insurance premium from N5,000 to N20,000 sponsored by […]
Insurance companies fared well compared to other sectors – Adeduro
Adeduro Mr. Mayowa Adeduro, Managing Director, Anchor Insurance Limited, in this interview with Vanguard Insurance, bares his mind on the operating environment in 2016, expectations in the current year and other issues affecting insurance business in Nigeria. Excerpts: LOOKING back at the business environment in 2016, what are the hopes […]
China regulator warns insurers over investment risks
China’s insurance firms face possible risks from “irrational” stock investments and large-scale overseas mergers and acquisitions, the state-run People’s Daily on Sunday quoted a top regulatory official as saying. In a shift away from low-yielding corporate bonds, Chinese insurers, led by privately owned Anbang Insurance Group and Ping An Insurance […]
‘Media owners should provide insurance cover for investigative journalists’
By Risikat Ramoni Fisayo Soyombo, editor of The Cable, an online newspaper, was adjudged the best investigative reporter in 2016. Soyombo studied Animal Science in the university but his love and passion for journalism has led him to become an investigative reporter. In this interview, Soyombo discusses the challenges of […]
Arik Aircraft Fleet Insurance Cover Expires Today
The entire insurance cover on the fleet of the distressed Arik Air will expire on Sunday, SaharaReporters can reveal. This implies that it will be impossible for the carrier to operate on Monday. SaharaReporters gathered that out of the 28 aircraft in the airline’s fleet, only 10 are airworthy, with […]
Insurers ramp up lobbying for favorable Obamacare fixes
BY TONY PUGH tpugh@mcclatchydc.com Facing an uncertain future as the Affordable Care Act teeters, health insurers have stepped up lobbying efforts to make sure their wish list of policy changes comes true. From Washington’s K Street to Capitol Hill, demand is high for industry operatives who can educate lawmakers, administration […]
Pay-as-you-go car insurance – perfect for the low-mileage driver?
Do you drive just a few miles a year but still end up paying lots for motor cover? Two start-up firms offering pay-as-you-go policies could be the answer Millions of people buy their mobile phone service on a pay-as-you-go contract – and now we are being offered car insurance in […]
NAICOM unveils more sanctions for late submission of accounts
Leave a comment and share Chuks Udo Okonta Insurance firms that failed to submit their financial accounts on or before March 31 will be restricted from engaging on some activities, the National Insurance Commission (NAICOM), has said. The commission said it would also take action against officials accountable for financial […]
UK plans to remove insurance barriers for self-driving cars
Teething problems: The introduction of self-driving cars has been hampered by legal hurdles in several countries. — Reuters Britain plans to introduce new insurance rules to ensure victims of accidents involving self-driving cars are compensated quickly in a bid to remove a major obstacle for the nascent industry. The introduction […]
