Business Journal has won international recognition as ‘Best Financial Newspaper in Nigeria’ in the 2015 International Finance Awards by Wealth & Finance International Magazine of the United Kingdom (UK). In the award letter to Business Journal, Jonathan Hicks, the Editor of Wealth & Finance International said: “Business Journal: You Are […]
Spotlight
AIG mulls spinning off mortgage insurance: Report
By Jacob Pramuk | @jacobpramuk American International Group is considering spinning off or selling its mortgage insurance segment amid shareholder pressure to split, The Wall Street Journal reported Thursday, citing sources. The insurance giant’s directors have discussed plans for the business for “a while” but have not made a final […]
NAICOM urges MDAs to set up insurance desks
Leave a comment Chuks Udo Okonta The Commissioner for Insurance and Chief Executive of the National Insurance Commission (NAICOM), Mohammed Kari has advised Ministries, Departments and Agencies of government to set up insurance desks or units in their various offices and ensure compliance with the provisions of extant laws in […]
STI Plc elevates two staff to position of Executive Directors
Foremost underwriting Firm, Sovereign Trust Insurance Plc has announced the elevation of two of its erstwhile General Managers to the position of Executive Directors respectively. The duo who by their recent elevation will automatically become Board Members of the company are Mr. Olaotan Soyinka and Mrs. Ugochi Odemelam. Soyinka before […]
Old Mutual Nigeria rated top employers for Nigeria, Africa
Old Mutual Nigeria has been certified by the Top Employers Institute for its exceptional employee offerings. The Institute awarded Old Mutual Nigeria the Top Employers Nigeria 2016 certification and Top Employers Africa 2016 certification based on the company’s dedication to the development of its people. The annual international research undertaken […]
Swiss Mobile-First Insurance Broker Knip Picks Up $15.7M Series B
The digitisation of legacy industries shows no signs of slowing and nor does the enthusiasm of VCs for startups doing just that. Knip, the Swiss ‘mobile-first’ digital insurance broker, has closed a $15.7 million Series B round led by U.S.-based Route 66 Ventures. Germany’s Creathor Ventures and U.S.-based QED Investors […]
Champion Newspapers insurance day holds Dec 21
Leave a comment Chuks Udo Okonta The 2015 Champion Insurance Day Lecture/Luncheon will hold on December 21, 2015 as against the October 27 date earlier slated for the event. A statement signed by the Group Managing Director/Editor-In-Chief Champion Newspapers Limited (CNL) Dr (Mrs.) Nwadiuto Iheakanwa, said preparation for the occasion […]
Income protection insurance under the microscope as complaints to Financial Ombudsman
The number of people complaining about insurance policies not being paid is on the rise. In the past three years, the number of complaints to the Financial Ombudsman has almost doubled. Steve Holland, 57, thought he was fully covered through his insurance – right up until he made a claim […]
Obamacare Insurance Markets Still Vulnerable to Fraud, Experts Say
By Maggie Fox The Obamacare health insurance exchanges are still easily tricked by fraudulent applications, with fake Social Security numbers and bogus immigration details, more than a year after the weakness was first pointed out, officials say. A Government Accountability Office sting also found that many people were double-covered by […]
Insurance premiums: Is $100 the next Obamacare hurdle?
It’s all about the “Benjamins” for many current and potential Obamacare customers. A large majority of adults say “$100 a month or less” is the highest monthly premium they can afford to pay for health insurance in 2016, according to a survey released Wednesday. The HealthPocket.com report found that 57 […]
