Kindly leave a comment and share Chuks Udo Okonta Coronation Insurance Plc has once again provided nuggets on how businesses can leverage insurance to survive and prosper, especially in challenging economic environments. The nuggets were provided in a webinar which examined the critical role of insurance in helping businesses to […]
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NCRIB to embark on nationwide insurance awareness campaign
Kindly leave a comment and share Chuks Udo Okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) has vowed to permeate all nooks and crannies of Nigeria to propagate the gospel of Insurance. Its President Babatunde Oguntade, said this yesterday at the December 2023 Edition of Members’ Evening in Lagos, […]
Why insurance is key partner for business success in challenging environment – Coronation
Kindly leave a comment and share Chuks Udo Okonta Amid economic headwinds, Coronation Insurance Plc, has continued to project insurance as a vital key partner for business success in challenging environment. The underwriting firm through its webinar series has being providing assistance to individuals and corporates on how they can […]
Heirs Insurance Group lights up Nigeria Immigration Service, Lagos Office to aid 24hr passport production
Kindly leave a comment and share Chuks Udo Okonta Heirs Insurance Group has donated a 30KVA solar power station to the Ikoyi Passport Office, of the Nigeria Immigration Service (NIS), to facilitate 24-hour passport production, a major challenge of the Service. Through this project, Heirs Insurance Group demonstrates its commitment […]
Book: Essentials of Insurance Law to transform underwriting practice
Kindly leave a comment and share Chuks Udo Okonta Understanding laws governing insurance practice and adhering to them has remained a major challenge to the growth and development of the underwriting industry. To ensure practitioners operate according to stipulated laws, the insurance industry regulator, National Insurance Commission (NAICOM) has continued […]
African Re’s underwriting performance threatened by adverse forex movements
Kindly leave a comment and share African Reinsurance Corporation’s performance in 2023 and prospectively is expected to be in line with the trend in recent years, supported by strict underwriting, though adverse foreign currency movements are expected to weigh negatively on overall earnings, says AM Best. African Re has a […]
COP 28: African Development Bank’s $1 billion insurance facility to protect millions of farmers in Africa
Kindly leave a comment and share Chuks Udo Okonta “Over 97% of farmers in Africa do not have agricultural insurance. Their only insurance is to pray”— Adesina The African Development Bank Group (www.AfDB.org) has presented its planned $1 billion facility to provide insurance to more than 40 million farmers across […]
NAICOM bars MDAs from engaging unlicenced brokers, agents in insuring government assets
Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) in a move to ensure ethical practices in the insurance of government assets and liabilities has enjoined all Ministries, Departments and Agencies (MDAs) not to interact, engage or transact any insurance business with any insurance institution […]
Nigerians spend N265.39bn on life insurance amid economic maladies
Kindly leave a comment and share Chuks Udo Okonta Nigerians have continued to take refuge in life insurance as a means of wealth security for their families, as they spent N265.39 billion in nine months, amid tough economic realities. According to the National Insurance Commission (NAICOM) in a document entitled: […]
Guild of Marine Surveyors expands group life insurance cover for members
Kindly leave a comment and share Chuks Udo Okonta The Guild of Marine Surveyors has opened up space for more members to be integrated into its group life insurance scheme. President of the Guild Wale Adetoro, at an Annual General Meeting (AGM) held yesterday in Lagos, said the group life […]
