Efekoha Leave a comment and share Chuks Udo Okonta The Nigerian Insurers Association (NIA) hopes to share knowledge with Judicial Officers, Magistrates and Judges on the workings of insurance business and to fully equip them towards responding adequately to the rising cases of fraudulent claims, it Chairman, Eddie Efekoha, has […]
Spotlight
Africa Re gears up to boost insurance awareness
Africa Reinsurance Corporation, Africa Re, is set to embark on a Corporate Social Responsibility, CSR, initiative to boost insurance awareness and knowledge in Nigeria. Addressing journalists at the company’s head office in Lagos, Deputy Managing Director/Chief Operating Officer of Africa Re, Mr. Ken Aghoghovbia said that the initiative is tagged, […]
NAICOM woos professionals from other fields
Kari Leave a comment and share Chuks Udo Okonta The National Insurance (Commission) has urged insurance operators to allow professionals from other fields of endeavour on their management boards to enhance performance. Commissioner for Insurance Mohammed Kari, who gave the admonition in Lagos, enjoined insurers to engage the professionals to […]
Great Nigeria Insurance pays over N0.7bn claims in six months
Osipitan Leave an comment and share Chuks Udo Okonta Great Nigeria Insurance Plc, has again shown avowed commitment towards prompt claims settlement, as its released claims record, revealed that over N700 million was paid to claimants between January and June 2016. A statement made available by the Corporate Communications and […]
NAICOM creates window for disqualified directors
Kari Leave a comment and share Chuks Udo Okonta A director disqualified by the nine years rule as stated in the code of corporate governance, may be reappointed to the same board after a cooling period of three years, the Commissioner for Insurance, Mohammed Kari, has said. Kari who disclosed […]
Insurers lose capital base to wrong investments – NAICOM
NIA’s Chairman, Eddie Efekoha Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has said some insurance companies have eroded their capital base and miss-matched assets and liability cover to wrong investment decisions. Commissioner for Insurance, Mohammed Kari, disclosed this in Lagos, noted that such firms […]
Workers in 32 states are without group life insurance – PenCom
Efekoha Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) said 32 out of the 36 states in the nation are yet to initiate group life insurance for their workers. According to the commission, only Lagos, Osun, Rivers and Niger states had commenced implementation of the […]
Indian insurance in future will be fully digitally driven
Insurance in India has transformed to become a digitally driven buyers’ market from being a sellers’ market, industry chamber CII said on Sunday, citing a report prepared jointly with British professional service firm Ernst and Young (EY). “Insurance in India has moved from being a sellers’ market to that of […]
10 Top African Insurance Markets Account For 92% Of Premiums – Report
By Kevin Mwanza Only 10 African countries contributed 92 percent of the total premiums that insurance firms enjoyed across the continent in 2014, with six of them surpassing the $1 billion threshold in non-life premiums. The nations are South Africa, Morocco, Egypt, Nigeria, Kenya, Algeria, Angola, Namibia, Tunisia and Mauritius. […]
Old Mutual completes £183 million investment
By Louie Bacani Old Mutual completes £183 million investment British insurer Old Mutual has completed its previously announced multimillion transaction with leading US investment firm Landmark Partners. The company revealed in June that it had signed an agreement to acquire 60% of Landmark Partners, a global private equity, real estate […]
