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NAICOM moves to ensure insurers create awareness

NAICOM moves to ensure insurers create awareness

By Sola Alabadan  / News Editor, Sunday   In realisation of the fact that the level of insurance awareness is still very low in Nigeria even though the insurance operators always…

A.M Best reviews Mansard’s ratings

Following the recent announcement that AXA S.A. (AXA) had entered into an agreement to acquire 100 per cent of Assur Africa Holdings Limited, which currently holds a 75 per cent…

FBN urges people to embrace insurance

The management of FBN Insurance Limited has called on high net-worth individuals, the political class, schools, religious organisations, professional bodies, affinity groups, open markets and market associations, cooperative societies and…

Mutual Benefits unveils franchise office

As part of efforts to deepen insurance penetration and increase the level of insurance awareness in Nigeria, Mutual Benefits Insurance Plc has unveiled in Lagos, the first ever insurance franchise…

ILO recommends ways to make health microinsurance work

Stories by Sola Alabadan  / News Editor, Sunday   The International Labour Organisation (ILO)’s Impact Insurance Facility has counseled insurance operators to design simple products, offer value-added services, bundle their products…

PILA organises training for women

Determined to ensure that women in the insurance industry compare favoubly with their men counterparts, the Professional Insurance Ladies Association (PILA) organised a capacity building seminar for its members in…

Yayale Ahmed, two others join IGI board

Two former Heads of Service of the Federation in person of Yayale Ahmed and Prof. Oladapo Afolabi as well as a chartered accountant, Kenneth Aigbinode, have been appointed as members…

NCRIB charges brokers on products devt

The President of Nigerian Council of Registered Insurance Brokers (NCRIB), Ayodapo Shoderu, has charged brokers in the northern part of the country to study their environment as well as people’s…

HMO bemoans sharp practices in the sector

The management of Clearline International, a Health Maintenance Organisation (HMO), has underscored the need for professionalism amongst health insurance operators, lamenting that sharp practices is rampant in the sector. The…

INEC plans insurance cover for political office holders

INEC plans insurance cover for political office holders

By Sola Alabadan News Editor, Sunday   The Independent National Electoral Commission (INEC) intends to arrange comprehensive welfare insurance policy for political office holders in the country, Daily Independent can…

NAICOM gives deadline to brokers with lapsed licences

By Sola Alabadan News Editor, Sunday The National Insurance Commission (NAICOM) has warned insurance brokers with lapsed certificates to obtain a form to regularise their status before November 30 or…

Moroccan acquires 40 per cent stake in Unitrust

By Sola Alabadan News Editor, Sunday Saham Finances, a subsidiary of Groupe Saham owned by Moulay Hafid Elalamy, a Moroccan tycoon and current trade and industry minister, has acquired a…

NCRIB wants CAC support on brokers’ registration

By Sola Alabadan News Editor, Sunday In order to ensure that sanity prevails in the insurance broking practice, the Nigerian Council of Registered Insurance Brokers (NCRIB) has solicited the support…

NAICOM laments inability to prosecute fraudulent operators

NAICOM laments inability to prosecute fraudulent operators

By Sola Alabadan Senior Correspondent   In spite of the fact that the National Insurance Commission (NAICOM) is saddled with the responsibility to regulate and supervise the insurance industry, the…

Goldlink wins four awards

By Sola Alabadan Senior Correspondent Goldlink Insurance Plc has so far won four awards during the current year 2014, the company’s Chief Executive Officer, Gbolahan Olutayo, said. According to him,…

NIA vows to enforce market discipline

By Sola Alabadan Senior Correspondent The Nigerian Insurers Association (NIA) has promised to “enforce market discipline by encouraging peer review among member companies with a view to aligning the market…

Niger promises retirees life time income

By Sola Alabadan Senior Correspondent The management of Niger Insurance plc have called on retiring employees to choose the annuity plan being offered by the insurance company, assuring them that…

Royal Exchange partners NGO on youth devt

Royal Exchange partners NGO on youth devt

Royal Exchange Plc has partnered a non-governmental organisation, Foundation for Youth Education, to organise the seventh edition of the leadership training conference for secondary school prefects in Lagos State. The…

NAICOM charged to curb charlatans in insurance industry

Stories by Sola Alabadan  / Senior Correspondent   The National Insurance Commission (NAICOM) has been charged to urgently curb the challenges posed of charlatans in the insurance industry and discourage companies…

AIICO records N2.7b profit

The profit before tax of AIICO Insurance Plc increased by 241 percent from N995 million during the first nine months of 2013 to N3.39 billion at the end of third…

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