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Confab tasked on policy to grow insurance

By Sola Alabadan Senior Correspondent Nigerian insurance operators have charged delegates at the National Conference holding in Abuja to recommend that the government should show more commitment to the policy…

Niger shareholders to get 3.5k dividend

By Sola Alabadan Senior Correspondent Niger Insurance Plc is to pay 3.5 kobo per share as dividend to its shareholders for the financial year ended December 31, 2013. This is in…

Insurers earn N70b income in first quarter

By Sola Alabadan Senior Correspondent • 47 insurers yet to file Q2 returns The insurance companies operating in Nigeria generated a gross premium income of about N70 billion during the…

Dana crash: Insurers move to learn from past mistakes

Dana crash: Insurers move to learn from past mistakes

By Sola Alabadan Senior Correspondent   More than two years after an aircraft belonging to Dana Airline crashed on June 3, 2012 in Iju-Ishaga, Lagos, killing more than 163 people,…

Insurers always guilty of late filing of audited financials – NSE

Insurers always guilty of late filing of audited financials – NSE

By Sola Alabadan Senior Correspondent   The insurance companies have always been found wanting when it comes to submitting their audited financial returns to the regulators even before the International…

New Ecowas brown card effective 2015

By Sola Alabadan Senior Correspondent As part of efforts to eradicate fake Ecowas Brown Card, the sub-regional secretariat of Ecowas Brown Card Insurance Scheme in Lome, Togo has standardised the…

No premium no cover: Insurers get five days to pay claim

By Sola Alabadan Senior Correspondent The subsidiaries of Nigerian insurance companies in Ghana including Equity Assurance, WAPIC, Regency Alliance, IEI Ghana and NEM Insurance, have been directed to pay all…

Aon lauds terrorism insurance law

By Sola Alabadan Senior Correspondent Aon plc, the leading global provider of risk and human resources solutions, has applauded the U.S. Senate for passing the Terrorism Risk Insurance Program Reauthorisation…

STACO pays N1.87b claims

Staco Insurance Plc paid claims amounting to N1.87 billion in 2013 in line with its promise to pay all genuine claims promptly, the company’s Managing Director, Sakiru Oyefeso, said. Addressing…

Brokers accuse banks of incursion into insurance business

By Sola Alabadan / Senior Correspondent The Nigerian Council of Registered Insurance Brokers (NCRIB) is worried by what it called “noxious incursion of some banks into the domain of insurance” and…

AIICO grows income by 11%

AIICO Insurance Plc says its gross premium income grew by 11 per cent to N23.6 billion in 2013 while its net premium income increased about 13 per cent to N18.2…

NIA vows to ensure laws hindering insurance growth are repealed

NIA vows to ensure laws hindering insurance growth are repealed

By Sola Alabadan Senior Correspondent   The Nigerian Insurers Association (NIA) has vowed to ensure that those laws hindering the growth of the nation’s insurance industry are repealed. The new…

Sovereign Trust endorses essay competition

By Sola Alabadan Senior Correspondent As part of its continuing effort in promoting academic excellence amongst youths undergoing post-primary education in the country and beyond, Sovereign Trust Insurance Plc has…

Insurers toy with plan to revive oil, energy pool

By Sola Alabadan Senior Correspondent More than two years after setting up a committee to resuscitate the Nigerian Oil and Energy Insurance Pool as a way of exploring the provisions…

Efekoha elected NIA deputy chairman

By Sola Alabadan Senior Correspondent The Managing Director of Consolidated Hallmark Insurance Plc, Eddie Efekoha, has been elected as the deputy chairman of the Nigerian Insurers Association (NIA). NIA is…

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