Leave a comment Chuks Udo Okonta Finally, invitation has been extended to the Chartered Insurance Institute of Nigeria (CIIN) to partake in the review of the Insurance (consolidated) bill which committee would be inaugurated from 2:00 PM today in Abuja. Inspen gathered that whilst the CIIN was re-considered, having been […]
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NIC urges mergers in insurance industry: As LeapFrog Investments acquires UT Life
Officials of UT Life and LeapFrog Investments after the ceremony The National Insurance Commission (NIC) is pushing for mergers in the insurance industry in a bid to make companies in the sector more efficient. The commission, which is the regulator of the industry, argued that presently many players in the […]
Operators now wary of NAICOM’s rod
Leave a comment Chuks Udo Okonta The National Insurance Commission (NAICOM) fight against unethical practices among insurance operators seems to be yielding results as some firms have resolved to hold their errant employees responsible for fees on infractions. Investigations revealed that some firms in a bid to forestall penalties from […]
Expert canvasses merger for brokers with lapsed licences
Leave a comment Chuks Udo Okonta Embattled insurance brokers whose licences were recently lapsed, have been enjoined to urgently embrace merger to enable them take advantage of the opportunities provided by the National Insurance Commission (NAICOM). An insurance analyst, who is also a lawyer said this in an interview with […]
NAICOM gives soft landing to brokers with lapsed licences
Kari The National Insurance Commission has given consideration to brokers whose licences have expired to enable them to re-register with their old names, an official has said. The Commissioner for Insurance, NAICOM, Mohammed Kari, told the News Agency of Nigeria in Abuja on Monday that the action would enable the […]
ALLIANZ IS THE WORLD’S MOST VALUABLE INSURANCE BRAND 2016
One of the world’s leading independent brand valuation and strategy consultancy, Brand Finance released its annual Brand finance Global 500 report for 2016. According to the report, Allianz tops the list of insurance companies in the world for the third year in a row. “This excellent ranking shows that our […]
FG to inaugurate insurance bill review committee on Thursday
Leave a comment Chuks Udo Okonta The Federal Government will on Thursday, Febraury 4, inaugurate the ten-member committee set to review the Insurance (Consolidated) Bill, Inspen has learnt. The Committee, is chaired by Dr. Omogbai- Omo Eboh, a renowned expert in Insurance Law, while Dr. Talmiz Usman (Head of Legal […]
NAICOM, NCRIB set up six-man committee to review licence renewal requirements
Okunoren Leave a comment Chuks Udo Okonta The National Insurance Commission(NAICOM) and the Nigerian Council of Registered Insurance Brokers(NCRIB) have agreed to set up a six-man committee to review the licence renewal requirements for brokers. The committee, it was learnt, will comprise of three members from each body and would […]
Brokers with lapsed licences could re-register in old names – NAICOM
Kari Leave a comment Chuks Udo Okonta The National Insurance Commission (NAICOM) said brokers whose licences were recently lapsed could re-register in their old names, Inspenonline learnt. This, it was learnt, was an outcome of a meeting which held today in Abuja between the executives of NAICOM and the Nigerian […]
Lloyd’s entry will be beneficial: Mahindra Insurance Brokers
The entry of Lloyd’s of UK will be better for Indian insurance brokers as the reinsurance business could be placed with Lloyd’s in India, a top official of Mahindra Insurance Brokers Ltd. said. “Lloyd’s is like a market place where various syndicate operate like an insurance company underwriting reinsurance business. […]
