Kindly leave a comment and share Chuks Udo Okonta Association of Registered Insurance Agents of Nigeria (ARIAN) in a bid to ensure deeper insurance penetration in Nigeria, is set for 2024 Annual Insurance walk tagged: ‘No Gree For Risk’ billed to take place tomorrow, Friday, March 8, 2024. The walk […]
Spotlight
Sovereign Trust Insurance celebrates womenfolk for impactful contributions
Kindly leave a comment and share Chuks Udo Okonta As the world gets set to celebrate this year’s edition of the International Women’s Day on March 8, 2024, the Managing Director and Chief Executive Officer of Sovereign Trust Insurance Plc, Olaotan Soyinka, has reiterated the company’s commitment to providing an […]
FIN Insurance bags N7.1bn profit in 2023, strengthens relationship with brokers
Kindly leave a comment and share Chuks Udo Okonta FIN Insurance Company Limited, has sustained its growth milestone with increase in Profit Before Tax (PBT) from N649, 568 million in 2022 to N7.1 billion in the 2023 financial year, with total assets rising to N21.1 billion when compared to N12.7 […]
Why insurers should esteem prompt payment of individual claims
Kindly leave a comment and share Chuks Udo Okonta Retail insurance, which is prominently dominated by individual policies, remains the master key to open insurance space in Nigeria, hence, should be given the needed attention, especially, prompt settlement of all genuine claims. Of the billion of Naira, doled out as […]
NAICOM, insurers chart way forward for IFRS 17 implementation
Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) in collaboration with the Nigerian Insurers Association (NIA) Accounting Technical Committee (ATC) are charting ways on how to ensure IFRS 17 is implemented effectively. At a one-day interactive session with key stakeholders on IFRS 17 implementation […]
African Alliance reaffirms commitments to paying valid claims, settles N1.1bn in 2024
Kindly leave a comment and share African Alliance, a stalwart with over 63 years of expertise in the life assurance sector, is presently charting a course to illuminate the lives of both shareholders and customers alike. In a resounding affirmation, the Managing Director of the winner of the 2022 “Claims […]
Former CFI, Eugene Okwor to be buried April 12, 2024
Insurers lose billion of naira to poor KYC on motor business
Kindly leave a comment and share Chuks Udo Okonta Insurance operators’ inability to effectively know their motor insurance customers is costing them huge premium loss, Inspenonline can report. According to experts, having complete data of motor insurance policyholders would enable insurers communicate directly and also sell other policies to them, […]
NCRIB implores govt to tackle insecurity, food scarcity
Kindly leave a comment and share Chuks Udo Okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) has asked the federal and state governments to tackle challenges of insecurity and food scarcity bedeviling the country. The President of NCRIB Babatunde Oguntade, disclosed this today at the February Edition of NCRIB […]
How insurers should manage exchange rate risk – Dr. Yusuf
Kindly leave a comment and share Chuks Udo Okonta The Chief Executive Officer Centre for the Promotion of Private Enterprise (CPPE) Dr. Muda Yusuf, has identified investment in hedged assets, currency forwards, diversification of investment portfolio and more as means insurance companies could adopt to manage the volatile exchange rate […]
