ZAKA KHALIQ The insurance industry has lost a whopping N240 billion premium income from the non-insurance of an estimated eight million tricycles and motorcycles which ply Nigerian roads, over a period of 6 years, from year 2010 to 2016, LEADERSHIP investigation has revealed. This figure, according to findings, is only […]
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Committee tackle NAICOM over cumbersome reporting procedure
Leave a comment and share Chuks Udo Okonta The Risk Management and Compliance Committee of the Nigerian Insurers Association (NIA) says the cumbersome report formats issued by the National Insurance Commission (NAICOM) is responsible for delays in submission of companies reports. The committee said this in a report presented to […]
Foreign entrants drive sales of personal line insurance – NAICOM
Leave a comment and share Chuks Udo Okonta The advent of foreign players in the insurance industry has brought a shift from wholesale insurance to personal-line products, Inspen can report. The Commissioner of Insurance, Mohammed Kari, said this at a forum organised by the Nigerian Council of Registered Insurance Brokers […]
Obesity, a ground for claim dismissal at some insurers
‘Swindlers list’ aimed at cutting insurance fraud
By Charlie Weston Eoghan Murphy Photo: Tom Burke The Government is looking at setting up a new database of fraudulent personal injury claims, a sort of swindlers’ list. This would record all those who have made claims which have raised suspicions. It would be shared between the insurance industry and […]
AfDB President calls for insurance of African
Adesina Africa needs urgent global assistance to meet up with insurance premiums which will insure countries against climate change induced catastrophic events which is on the rise. The insurance which will reduce climate induced displacement across the African continent and help curb the diversion of public funds which could have […]
NIA takes annuity battle to National Assembly, Minister of Finance
From left: Chairman, Technical Committee, Insurance Consumers Association of Nigeria, Adewale Adetoro; Director-General, Nigerian Insurers Association, Sunday Thomas and Chief Executive Officer, JSP Communications, Dr. Phil Osagie at the event. Leave a comment and share Chuks Udo Okonta The Nigerian Insurers Association (NIA) has taken its battle with the National […]
NCRIB mourns late Rasheed Gbadamosi
Gbadamosi Leave a comment and share Chuks Udo Okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) has joined numerous Nigerians in mourning the passage of Chief Rasheed Gbadamosi, a business icon and one time Federal Minister of Planning. In a statement, the President of the Council, Kayode Okunoren noted […]
Consolidated Hallmark Insurance Assets hit N7.79bn
Efekoha Leave a comment and share Chuks Udo okonta The Total Assets of Consolidated Hallmark Insurance Plc have grown from N 6,964,209,568 posted in September, 2015 to N7,794,981,035 as at 30th September, 2016 according to the recently approved financials of the company for the 3rd quarter ended. A statement by […]
Malawi to receive USD 8 Million Insurance Payout from African Risk Capacity
PRESS RELEASE The payout will be released to Malawi as soon as the Government’s plan on how the payout will be used to respond to those affected by drought – known as the Final Implementation Plan – is approved by ARC JOHANNESBURG, South Africa, November 16, 2016/ — The African […]
