AIICO Insurance Plc has recorded a profit before tax of N1.4 billion in the financial year 2015 as against the N3.1 billion it recorded in 2014. This was made known in the company’s 2015 full year audited financials posted on its website. The company held its 46th Annual General Meeting […]
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NAICOM intensifies battle against rate cutting
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) said it would continue to fight the menace of rate cutting through enactment of stricter regulations. The Commissioner for Insurance Mohammed Kari, disclosed this at the 2016 Risk Management Conference and Awards Ceremony in Lagos. He noted […]
Ghana takes steps to strengthen insurance industry
Market reforms to reduce fragmentation and improve solvency, alongside the gradual expansion of bancassurance, should improve the medium- and long-term prospects of Ghana’s insurance industry. The coming months will likely see mergers across the sector, after the National Insurance Commission (NIC) raised capital requirements for insurers late last year. Consolidation […]
Great Nigeria Insurance donates learning kits to schools
Leave a comment and share Chuks Udo Okonta Great Nigeria Insurance Plc, one of Nigeria’s foremost insurance and financial services provider, as part of its Corporate Social Responsibility (CSR), recently donated educational learning kits to pupils of Wesley Schools 1 & 2, Surulere Lagos, for the hearing impaired. Speaking during […]
FBNInsurance widens retail network, opens four new offices
Leave a comment and share Chuks Udo okonta In order to further reach the uninsured in Nigeria, leading insurance company, FBNInsurance Limited, has opened four new retail offices in Umuahia, Eket, Orlu and Abraka. A press statement released by the Marketing and Corporate Communications department of the company reads in […]
RIMSON inducts Ojumah as fellow
From left: Val Ojumah, MD/CEO, FBNInsurance Limited receiving his commemorative plaque from Barr. Luke Aghedo of Luke Aghedo and Associates. The Managing Director and Chief Executive Officer of FBNInsurance Limited, Val Ojumah, has been inducted as a Fellow of the Risk Managers Society of Nigeria (RIMSON). His induction is a […]
RIMSON inducts 14 fellows, 54 associates
The associates Leave a comment and share Chuks Udo Okonta The Risk Managers Society of Nigeria (RIMSON) today inducted 14 fellows and 54 associate members. The induction was part of the ongoing 2016 Risk Management Conference and Awards Ceremony holding in Lagos. Some of the fellows are: Commissioner for Insurance […]
African Life rebrands to Sanlam Life Insurance
AFRICAN Life Assurance, which has paid over K300 million in claims since 2002, has now rebranded to Sanlam Life Insurance Company, with a commitment to improve service delivery of its quality products. South Africa-based financial services group, Sanlam, owns a 70 percent stake in African Life Assurance through the Sanlam […]
WHEN A GOOD MAN DEPARTS! TRIBUTE TO LATE YINKA LIJADU
The insurance firmament has lost another star with the death of Late Yinka Lijadu, former MD of Nicon Insurance and past President of the the Chartered Insurance Institute of Nigeria. Even though late Lijadu had been unwell for a while, the announcement of his demise still came to many as […]
Nigeria, 20 other markets are ripe for insurance growth says Swiss Re
A sigma study from Swiss Re highlights the markets that present some exciting opportunities for insurance companies. The report looks at ‘frontier markets’ which have the right mix of conditions for insurance growth. While the potential of China, India and Brazil are well known, the report looks at 21 other […]
