Akinboye Codewit.com What is your vision for Standard Alliance Insurance following your return to the insurance industry? Having worked in the insurance industry for thirteen years, I needed to take a break and reappraise my carrier. While away, I also tried one or two things and went back to school […]
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Nigerian hajj stampede victims not insured
The 64 Nigerians confirmed dead in the Mina stampede in Saudi Arabia, plus the 71 injured and the 244 missing pilgrims do not have valid insurance cover. According to Saturday Punch, majority of the 76,000 Nigerians, who participated in this year’s Hajj in Mecca, did not have travel health insurance […]
Okunoren to become 18th NCRIB President
Leave a Comment Chuks Udo Okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) the umbrella body of registered insurance brokers in the country will on Thursday, October 15, 2015, witness a change in leadership as Emmanuel Kayode Okunoren becomes its 18th President. A statement by the Assistant Manager Corporate […]
Ekpre-Olomu expected to be first to collect on loss of draft value insurance
Former Oregon cornerback Ifo Ekpre-Olomu, who is of Nigerian descent is expected to be the first player to collect on a loss of draft value insurance, according to the man who underwrote the policy. Keith Lerner told CBS Sports Thursday night that Ekpre-Olomu is in the process of collecting a […]
Britain to set time limit for insurance mis-selling claims
Britain’s financial regulator is to impose a two-year deadline for customers to claim compensation for mis-sold loan insurance, drawing a line under Britain’s costliest consumer finance scandal. Banks have already set aside more than 28 billion pounds($42.41 billion) to compensate customers for mis-sold payment protection insurance (PPI) policies. These were […]
Standard Alliance Insurance Plc posts N4.33bn premium income
Leave a Comment Chuks Udo Okonta Standard Alliance Insurance Plc recorded a gross premium of N4.33 billion last year as against N3.78 billion in 2013, its Chairman Dominic Oneya, has said. He disclosed this at the company’s annual general meeting in Lagos, adding that the firm’s underwriting profit stood at […]
Life insurance penetration should be through banks: report
As less than 10 per cent of Indians have life insurance cover, the way forward to increase life insurance penetration is through bancassurance, according to Anuj Mathur, CEO, Canara HSBC Oriental Bank of Commerce Life Insurance. The bancassurance channel involves banks selling life insurance to their clients. “We should ensure […]
Insurance giant to link premium discounts to customer behaviour
The Netherlands’ biggest insurance company Achmea plans to offer premium discounts to customers who agree to have their behaviour at home and in the car monitored, the Financieele Dagblad says on Thursday. For example, Achmea is working with Google Nest to develop a meter which will be linked to […]
NAICOM wants zero tolerance for unethical vices
Leave a comment Chuks Udo Okonta The National insurance Commission (NAICOM) has called on insurance operators to henceforth exhibit zero tolerance for unethical vices or face the law. The Commissioner for Insurance Mohammed Kari, who said this at an event in Abeokuta, said the call has become necessary as most […]
Insurers Urged to Reach Rural Areas
By Mariam Said The insurance industry grew at an average rate of 18 per cent in the last five years, but the services were mainly concentrated in urban centres. During the 18th Annual Insurance Day in Dar es Salaam at the weekend, the Minister of State in the President’s Office […]
