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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…

CHI grosses N4b income

Consolidated Hallmark Insurance (CHI) grew its Gross Premium Income to N4.15 billion in 2013 from N3.83 billion achieved in 2012, representing an increase of 8 percent. The company, however, made…

WAICA Re wins CFI award

WAICA Reinsurance Corporation Plc (WAICA Re) has won Capital Finance International Company’s (CFI.co) award for insurance industry innovation in West Africa, the management of the organisation said. According to the…

Fashola tasks insurers on enlightenment campaign

Governor Babatunde Fashola of Lagos State has counseled the insurance operators in Nigeria to embark on aggressive public enlightenment campaign so that majority of the populace will appreciate the essence…

Sovereign Trust pays N1.7b claims

Sovereign Trust Insurance Plc paid claims amounting to N1.751 billion in 2013 in keeping faith with its promise to pay all genuine claims promptly. The company’s Chairman, Dr. Ephraim Faloughi,…

NAIC to offer weather index insurance

The management of Nigerian Agricultural Insurance Corporation (NAIC) has been empowered to develop new products such as weather index insurance, as well as embark on business re-engineering, upgrade its ICT…

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 by charlatans in the insurance industry and discourage the…

Insurers urged to implement enterprise risk management

Insurers urged to implement enterprise risk management

African insurance companies have been charged to implement Enterprise Risk Management (ERM) so as to be able to identify, monitor, mitigate and control the risk inherent in their business and…

NAICOM urges IGI to sustain Olowude’s legacies

NAICOM urges IGI to sustain Olowude’s legacies

The National Insurance Commission (NAICOM) has called on the management and staff of Industrial and General Insurance Company (IGI) not to allow the death of the IGI’s founder, Remi Olowude,…

Guinea Insurance pays N324m claims

Guinea Insurance Plc paid claims amounting to N324 million in 2013 as against N281 million recorded in 2012, representing an increase of about 15 percent. The company’s Chairman, Sir Emeka…

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