Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has sought the intervention of the Minister of Labour and Employment, Chris Ngige in the labour unrest in the commission. In a letter entitled: Industrial Action by the NAICOM branch of the Amalgamated Union of Public Corporations, […]
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Kari not arrested by Police, DSS – NAICOM
Kari Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has debunked a report by an online medium that the Commissioner for Insurance Mohammed Kari was today arrested by the Police and officers of Department of State Service (DSS) over allegations of fraud and financial mismanagement. […]
AXA partners with Silicon Valley startup Trov to launch insurance ‘as simple as Tinder’ for British millennials
A promotional shot of how the Trov app works. Trov Major insurer AXA is partnering with Silicon Valley insurance startup Trov to launch an on-demand, mobile-first service aimed at millennials in Britain. California-based Trov lets people buy flexible insurance for single items through their smartphones. If, for example, you have […]
Delay in release of N5.4bn group life insurance funds stalls contract renewal
By Ebere Nwoji The federal government’s delay in releasing about N5.4 billion funds for the payment of premium for the Group Life Insurance of the federal civil service workers is said to be a major factor inhibiting the renewal of the contract which expired three months ago, THISDAY checks have […]
PILA urges FG to initiate life insurance policy
The Professional Insurance Ladies’ Association (PILA) on Monday urged the Federal Government to initiate a bill seeking to compel men – from 18 years – to take life insurance policy. The PILA President, Jocelyn Ogbuokiri, made the appeal in Lagos. Ogbuokiri said that such a bill had become necessary to […]
International media experts to judge Pan-African Re/Insurance Journalism Awards 2017
Leave a comment and share Chuks Udo okonta Continental Reinsurance Plc has today announced the jury members for the second edition of the Pan-African Re/Insurance Journalism Awards. Afif Ben Yedder, Founder of IC Publications, publisher of leading magazines African Business and New African, will chair the jury this year. Other […]
NAICOM kickstarts Lagos inspectorate directorate Office
Leave a comment and share Chuks Udo Okonta The Inspectorate Directorate of National Insurance Commission (NAICOM) that was moved to Lagos Control office, has commenced operations, Inspen can report. Head, Corporate Affairs, NAICOM, Rasaaq Salami, who confirmed this, said the Directorate commenced work last week. According to him, the relocation […]
Insurance sector needs innovation to aid supply-side reform
By Song Jingli Wei Yingning, former vice-chairman of China Insurance Regulatory Commission, delivers a speech at the launch ceremony of the China Insurance and Pension Fund Research Center at the PBC School of Finance at Tsinghua University on Nov 20, 2016. [Photo provided to chinadaily.com.cn] China is likely to surpass […]
China’s online insurance sales surge in 2015
BEIJING – With more Chinese managing their wealth online, insurance policies sold via the Internet more than doubled in China last year. The combined premiums of insurance policies sold online totaled 223.4 billion yuan ($32.5 billion) in 2015, jumping 160 percent from 2014, said an industry report released Sunday by […]
NAICOM forecloses bailout for ailing firms
By Bankole Orimisan Following the financial crisis weighing down the fortunes of some insurance companies in Nigeria, the National Insurance Commission (NAICOM), the industry regulator has foreclosed the possibility of assisting them financially through a bailout to save it from collapse. The regulator said the insurance law did not make […]
