Kindly leave a comment and share The National Insurance Commission (NAICOM) has accepted to lead discussion at the 2023 National Conference on Building Local Content Synergy between the Insurance Industry and Oil and Gas Sector. A statement by the Chief Executive Officer, STANMEG Communications, Margaret Yemisi Izuora, said the Commissioner […]
Spotlight
Old Mutual Nigeria celebrates parent company’s 178 years of financial service heritage
Kindly leave a comment and share Old Mutual Nigeria Life Assurance Company Limited and Old Mutual General Insurance Company Nigeria Limited, subsidiaries of Old Mutual Limited (OML), Africa’s foremost provider of innovative financial, investment and insurance solutions, joined other African subsidiaries and affiliates to celebrate the parent company’s 178 years […]
NAICOM woos insurance brokers for five core mandates
Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) is seeking the understanding of insurance brokers so as to achieve five core mandates. According to NAICOM the mandates include: Projecting the additional values created by the new regime of third-party motor insurance cover; the NAICOM […]
Top 15 insurance companies in Africa
Kindly leave a comment and share 1. Sanlam Group (South Africa) Sanlam is a leading African insurance company with a rich history spanning over a century. With a diverse range of insurance products and financial services, Sanlam has built a strong reputation for its solid financial standing and customer-centric approach. […]
Subsidy removal could relegate insurance demand, NAICOM warns
Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has said the recent subsidy removal by the federal government exacerbates the need to project the value proposition of insurance beyond the conventional perception, as there will be a “complex rationing” which could further relegate insurance […]
Vehicles should be parked at insurance risk not owners – Igbrude
Kindly leave a comment and share Chuks Udo Okonta The National Coordinator Independent Shareholders Association of Nigeria (ISAN) Moses Igbrude, has charged insurance practitioners to rephrase the caution sign – ‘Vehicles parked at owners risk’ to ‘Vehicles parked at insurance risk’ as it is their obligations to provide cover for […]
AIICO Insurance Shareholders applaud N7.55bn profit, 3kobo dividend
Kindly leave a comment and share Chuks Udo Okonta Shareholders of AIICO Insurance Plc, have applauded the growth trajectory achieved by the firm, as it recorded N7.55 billion Profit After Tax (PAT) in the year 2022, as against N4.92 billion achieved in 2021. Speaking at the company’s 53rd Annual General […]
NSIA Insurance educates customers via roadshow, outdoor campaign
Kindly leave a comment and share NSIA Insurance Limited is increasing brand recognition and engagement with potential customers through its roadshow and outdoor campaign. The campaign also serves to reiterate the brand strategy for the year – It’s I-Time – which aims to communicate the advantages of NSIA Insurance product […]
Sanlam, aYo offer Nigerians N125 premium per month insurance cover
Kindly leave a comment and share Chuks Udo Okonta Sanlam, Africa’s biggest insurer, has partnered the continent’s emerging microinsurance fintech, aYo Holdings, to revolutionise insurance in Nigeria in support of Sanlam’s drive to offer local consumers affordable life and hospitalisation cover, which is as low as N125 premium per month. […]
Royal Exchange General Insurance Company posts N14.20bn GWP in 2022
Kindly leave a comment and share Chuks Udo Okonta Royal Exchange General Insurance Company (REGIC), one of Nigeria’s leading insurance companies offering general and special risks protection policies, has declared a Gross Written Premium (GWP) of N14.20 billion of the financial year ended December 31, 2022, reflecting a 10 per […]