Leave a comment and share Chuks Udo Okonta The Chartered Insurance Institute of Nigeria (CIIN) in a bid to strengthen insurance awareness plans to form insurance clubs in secondary schools. The Managing Director, LAKEG Nigeria Limited, Muftau Oyegunle, said this in Lagos, adding that the initiative is part of the […]
Spotlight
Insurers task NAICOM to create specific help desks
Leave a comment and share Chuks Udo Okonta Insurance operators have called on the National Insurance Commission (NAICOM) to provide specific help desks that would help resolve issues relating to financial reporting. The Chairman Risk Management and Compliance Committee of the Nigerian Insurers Association (NIA), David Igiehon, said this in […]
Policy on rail insurance on the way – NIA
Leave a comment and share Chuks Udo Okonta The Motor Technical Committee of the Nigerian Insurers Association (NIA) is presently working on a draft policy on rail insurance to take advantage of opportunities that would accrue from rail transportation. The Chairman of the committee, Mrs Omolara Posi-Adedayo, disclosed this in […]
Nigeria, six others record $756m premium on micro-insurance
By Favour Nnabugwu Micro-insurance across Africa is beginning to take its rightful place in insurance market as the premiums written from the class stands at $756million in 2014. This was disclosed to Vanguard in Abuja by Microinsurance network and Munich Re Foundation when the duo released the 2015 landscape of […]
China insurance regulator relaxes rules on infrastructure investment to aid economy
China’s insurance regulator has revised rules to make it easier for insurance companies to invest in infrastructure projects in a bid to support a slow economy and create investment opportunities in an environment of low returns. Insurers will no longer need to obtain regulatory approval to invest in infrastructure, and […]
1,300 athletes register for Gov’t insurance plan
Minister of Sports Olivia Grange Nearly 1,300 of the country’s sportsmen and women have already signed up for the Jamaican Athletes Insurance Plan (JAIP), which is being implemented at just under $60 million per annum. The athletes are drawn from 28 of the over 40 sports associations whose members comprise […]
Earthquake insurance policy starts
High school students in Chongzhou, Sichuan province, participate in an earthquake drill. [Provided to chinadaily.com.cn] By Li Xiang(China Daily) Product seen as step in adopting market-driven approach to compensate for disaster losses China on Friday launched the sale of the country’s first earthquake insurance policy, seen by the industry as […]
UK insurer esure says hasn’t received takeover approach
British insurer esure Group Plc has denied a report that it been approached with a potential takeover offer. Sky News reported earlier that buyout groups “thought to include” KKR & Co were considering bids for the car and home insurer. (bit.ly/297hkSz) KKR declined to comment when contacted by Reuters, while […]
Insurers post over N1.22trn gross premium income in 5 years
Chairman NIA, Eddie Efekoha Leave a comment and share Chuks Udo Okonta Pay N348.54bn claims Insurance operators posted over N1.22 trillion gross premium income between 2010 and 2014 and paid N348.35 billion on claims settlement. The statistics was revealed in the Nigerian Insurers Association (NIA) annual report and accounts. According […]
Brexit vote prompts fears over UK insurers’ capital strength
Market falls triggered by Britain’s vote to leave the European Union will hit British insurers’ capital, raising concerns over their ability to pay dividends or hand cash back to investors. New European capital Solvency II rules introduced in January require insurers to account for investment risk, and solvency models to […]
