By Clement Nwoji The National Insurance Commission (NAICOM) has made a u-turn by reinstating the operating licences of Glanvill Enthoven Nigeria (GEN), a firm of incorporated insurance brokers. With this turnaround, the company is again authorised to operate general insurance, life & pensions business as well as reinsurance brokerage services […]
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Insurance, pension record 5,000 complaints at CPC
By Favour Nnabugwu INSURANCE industry is continuing to struggle with adverse image as it recorded lowest customer complaints redress amongst other sectors in 2016 at the Consumer Protection Council, CPC. Insurance Consumers’ Association of Nigeria (INSCAN), a body established with the objective to protect the general interest of the insurance […]
Japanese insurance firm replaced 30 workers with IBM’s artificial intelligence technology
ibm watson Ben Hlder / Getty Images A future in which human workers are replaced by machines is about to become a reality at an insurance firm in Japan, where more than 30 employees are being laid off and replaced with an artificial intelligence system that can calculate payouts to […]
‘Trumpcare’ a mystery as insurance battle looms
By Kimberly Atkins REPEAL AND REPLACE? Vice President-elect Mike Pence, right, speaks to the media yesterday with Paul Ryan. WASHINGTON — Republicans and Democrats have honed their warring Obamacare messages, but there are few clues about what happens after the GOP-controlled Congress and President-elect Donald Trump follow through with their […]
Insurance companies urged to increase subscriber base
Aaron Anafure (2nd left) with Ms Lydia Bawa (middle) at the get-together CHARLES ANDOH The Commissioner of Insurance has urged insurance companies to put pragmatic measures in place to increase their subscriber base. Ms Lydia Lariba Bawa also urged them to do more to be able to reach out to […]
Group life insurance: Police present N15.4m to families of 30 deceased, maimed officers
By Kingsley Omonobi The Police in Zone 5, with headquarters in Benin, Edo State, have presented cheques of N15.4 million to families of 30 police officers who were either killed or maimed in the line of duty especially in their confrontation with armed robbers, kidnappers, militants and oil thieves. The […]
Insurance sector needs whoa effect – Expert
Leave a comment and share Chuks Udo Okonta The insurance sector needs a whoa effect that would enable the public to willingly buy its products, the Chief Executive Officer, JSP Communications, Dr. Phil Osagie, has canvassed. He disclosed this in Lagos, stressing that for the sector to take its rightful […]
FBNInsurance gives N14.5m cover to insurance, pension journalists
From left: Festus Izevbizua – CFO FBNInsurance, Val Ojumah- MD/CEO FBNInsurance, Omobola Tolu-Kusimo- President NAIPCO, Ngozi Onyeakusi – Financial Secretary NAIPCO, Emeka Dibia- CHRO FBNInsurance) at the event. Leave a comment and share Chuks Udo Okonta FBNInsurance Limited, has provided a Group Family Shield cover valued at N14.5million for 39 […]
Uncertainty over the future of Obamacare may drive insurers away
By Kris B. Mamula / Pittsburgh Post-Gazette Bethel Park health insurance broker Dave Scott tells clients that it’ll be two, three, even four years before the Affordable Care Act is dismantled, which congressional Republicans call a high priority in the new year. “It’s a very delicate situation,” said Mr. Scott, […]
Insurance lobby groups to merge amid Brexit push
Some London-based insurers signalling they may transfer their businesses to Ireland Joe Brennan Ireland’s two insurance lobby groups are planning to merge as the industry prepares for a surge in business from London following the decision by UK voters to quit the European Union. Members of the Dublin International Insurance […]
