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NIA to deploy marine insurance module on NIID

NIA to deploy marine insurance module on NIID

By Sola Alabadan Senior Correspondent   Determined to put an end to the incidences of fake marine insurance documents in Nigeria, the Nigerian Insurers Association (NIA) is concluding arrangements to…

14m vehicles not insured in Nigeria

By Sola Alabadan Senior Correspondent The Nigerian Insurers Association (NIA) has affirmed that less than 15 per cent of vehicles plying Nigerian roads at present have genuine insurance cover, indicating…

Sovereign Trust creates new dept

By Sola Alabadan Senior Correspondent The management of Sovereign Trust Insurance Plc has announced the establishment of a new department to be known as the Strategy & Corporate Planning Department…

Cornerstone gets nod to acquire Fin Insurance

By Sola Alabadan Senior Correspondent The shareholders of Cornerstone Insurance Plc have authorised the board to acquire 3.3 billion ordinary shares of Fin Insurance Company Limited, which will make Cornerstone…

Ebola forces African insurers to cancel annual forum

By Sola Alabadan  / Senior Correspondent   The African Insurance Organisation (AIO) has called off the 20th African Reinsurance Forum, slated to hold from October 12 to 14, 2014 in Lilongwe,…

Insurers storm Hong Kong for marine conference

Insurance practitioners from across the world will be converging on Hong Kong to attend the 2014 conference of the International Union of Marine Insurance (IUMI) holding from Sunday September 21…

Kenyan investors eye Nigeria insurance market

In appreciation of the fact that the Nigerian insurance market has a huge and unexploited insurance needs, Kenyan investors from Britam Group and Jubilee Holdings plan to enter the nation’s…

LASACO offers products online

In order to make it products and services available to people all over Nigeria, LASACO Assurance plc has now made its products available online real-time. Additionally, the company’s customers can…

CIIN tasks insurers on global standards

The Chartered Insurance Institute of Nigeria (CIIN) has enjoined insurance practitioners to embrace professionalism and make efforts to advance the profession by benchmarking international standards. CIIN’s President, Bola Temowo, gave…

Mansard opens offices in Enugu, Uyo

In keeping with its determination to make insurance products and services readily accessible to Nigerians from all walks of life, Mansard Insurance plc has opened two new ‘Welcome Centres’ in…

NCRIB accuses brokers of not complying with IFRS

In spite of the fact that the road map on the adoption of the International Financial Reporting Standards (IFRS) stipulates that by 2014, all companies in Nigeria must have adopted…

‘Ebola will have adverse effects on insurance industry’

By Sola Alabadan  / Senior Correspondent   The President of the Nigerian Council of Registered Insurance Brokers (NCRIB), Ayodapo Shoderu, has alarmed that the dreaded Ebola Virus Disease will definitely impact…

NIA adds claims, stolen vehicles modules to NIIID portal

NIA adds claims, stolen vehicles modules to NIIID portal

By Sola Alabadan Senior Correspondent   The Nigerian Insurers Association (NIA) has added modules on claims reporting, stolen vehicles reporting and auditors’ platform to the Nigerian Insurance Industry Database (NIID)…

Crashes: Experts predict hike in aviation premium

By Sola Alabadan Senior Correspondent Following a spate of air crashes in recent times, the global airline industry faces the prospect of huge insurance premium increases, experts have warned. While…

NAICOM moves to develop microinsurance

By Sola Alabadan Senior Correspondent As part of efforts to ensure the development of microinsurance in Nigeria, the National Insurance Commission (NAICOM) is concluding arrangements to organise an ‘International Microinsurance…

NIA laments inability to harness annuity market

NIA laments inability to harness annuity market

By Sola Alabadan Senior Correspondent   The Nigerian insurance operators have lamented that they were unable to harness the great business opportunity in the annuity market in spite of the…

Insurers tasked on products for the poor

By Sola Alabadan Senior Correspondent The National Insurance Commission (NAICOM) has charged insurance companies to develop products that meet the needs of the low income earners in order to protect…

NLC urged to ensure employers arrange life insurance

By Sola Alabadan Senior Correspondent The Nigerian Labour Congress (NLC) has been charged to use its influence to ensure that the employers arrange the group life insurance cover for their…

Guinea pays N138m claims

Guinea Insurance Plc paid claims totaling N138 million to its policyholders during the first half of the current year in line with its promise to provide fast and accurate claims…

Cover for entertainment industry soon

The Nigerian Insurers Association (NIA) plans to conclude work on designing the appropriate insurance covers for the nation’s entertainment industry before the end of the current year. Since 2011, the…

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