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Insurance

NIA works on cover, rate for electric vehicles

Kindly leave a comment and share The Nigerian Insurers Association (NIA) has set up a sub-committee to come up with appropriate cover; rate and documentations for underwriting of electric vehicles. The Chairman, Motor Technical Committee, Nigerian Insurers Association, Dr. Joyce Odiachi, said this in a report of the committee submitted […]

Insurance

How early Christians benefited from insurance

Kindly leave a comment and share Chuks Udo Okonta Insurance could be said to be one of the pillars that held the early Christians together and helped managed their risks and stemmed poverty among them. According to the following Bible verses; Acts 4:32: And the multitude of them that believed […]

Insurance

Hallmark HMO to hold stakeholders’ engagement

kindly leave a comment and share Hallmark Health Services Limited (Hallmark HMO), a subsidiary of Consolidated Hallmark Insurance Plc has finalised arrangements to hold the 2023 edition of the company’s Annual Stakeholders’ engagement on Wednesday, July 5th in Lagos. The event which is the second in the series, is scheduled […]

Insurance

How to share risks, profit with takaful insurance

Kindly leave a comment and share Chuks Udo Okonta Lovers of insurance who often complained of not getting cash back after years of no claims, can find succour in takaful insurance that allows risks and profits sharing by Policyholders. Takaful is a form of Islamic insurance, and ii is different […]

Insurance

Growing insurance premium with deferred annuity

Kindly leave a comment and share Chuks Udo Okonta The insurance industry would have earned more than the N726.2 billion it recorded in 2022, if all available opportunities were explored, of which deferred annuity is one. Since part of pension business was removed from the insurance industry and its asset […]