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NHIS re-accredits IHMS as HMO

NHIS re-accredits IHMS as HMO

The National Health Insurance Scheme (NHIS)has re-accredited International Health Management Services (IHMS) to continue operating as one of the Health Maintenance Organisations (HMOs) in Nigeria. This was sequel to the…

Insurers sidelined in disaster management – NCRIB

Insurers sidelined in disaster management – NCRIB

By Sola Alabadan  -  Senior Correspondent   The Nigerian Council of Registered Insurance Brokers (NCRIB) has lamented that the insurance industry, which had the professional obligations of risk mitigation, had…

NIA lists threats to insurance industry’s survival

The Nigerian Insurers Association (NIA) has identified the poor standard of living of Nigerians and their low disposable income as threats to survival of insurance industry in the country. Addressing…

Epa as ‘enslavement partnership agreement’

In a newspaper report titled “Nigeria rejects EPA over $1.3tn Revenue Loss” (Daily Independent of 15/8/2014, Pg. 30), the Director General of Manufacturers’ Association (MAN), Mr. Remi Ogunmefun commended the…

Experts proffer solution to dearth of actuaries

For a country like Nigeria to tackle the shortage of actuaries, the nation’s insurance industry has been advised to investigate how greater use could be made of volunteers from actuarially…

Insurers take war against Companies Income Tax to FG

Insurers take war against Companies Income Tax to FG

By Sola Alabadan Senior Correspondent   The Nigerian Insurers Association (NIA) has appealed to the Federal Government to suspend or waive some sections of the Companies Income Tax Act (CITA)…

NIA reviews activities at licensing offices

By Sola Alabadan Senior Correspondent Due to the devastating effects of the activities of fake insurance operators at vehicle licensing offices, the Nigerian Insurers Association (NIA) has been reviewing the…

Custodian unveils mobile insurance application

By Sola Alabadan Senior Correspondent Custodian and Allied Insurance Limited has unveiled a mobile insurance application that enables customers to take charge of their insurance transactions from start to finish…

Goldlink moves to avoid being delisted by NSE

By Sola Alabadan Senior Correspondent The management of Goldlink Insurance plc has assured that it was doing the needful to ensure that the company is not delisted by the Nigerian…

FRSC charges insurers on fake operators

FRSC charges insurers on fake operators

The Federal Road Safety Commission (FRSC) has urged the Nigerian Insurers Association (NIA) to step up efforts aimed at putting an end to the activities of fake insurers in the…

SA Life pays N2.78b claims

Standard Alliance Life Assurance Limited (SA Life) paid N2.78 billion claims to its policyholders in 2013 as against N2.65 billion paid in 2012, the company’s Chairman, O’tega Emerhor, said. Out…

Airlines operators tasked on adequate insurance cover

By Sola Alabadan  / Senior Correspondent   Managing Director, Alphachoice Insurance Brokers, Sunny Adeda, has advised airline operators in Nigeria to make sure that their aircrafts are insured in the country…

Royal Exchange earns N9b income

Royal Exchange Plc generated a gross premium income of N9.08 billion in 2013 in comparison with N7.61 billion recorded in 2012, representing a growth of 19 per cent, the Group…

NIA moves to standardise motor insurance rates

As motor insurance contributes about 26 per cent of the insurance industry’s gross premium, the Nigerian Insurers Association (NIA) is working to standardise the premium rates being charged on motor…

Insurers charged to increase contribution to GDP

Insurers charged to increase contribution to GDP

By Sola Alabadan / Senior Correspondent   The various arms of the Nigerian insurance industry have been charged to set up a committee to develop a more dynamic strategy in deepening…

A.M. Best reaffirms Nigerian insurers’ ratings

A.M. Best Company has reaffirmed the Financial Strength Rating (FSR) and Issuer Credit Rating (ICR) of the four Nigerian based insurance outfits rated by the organisation. In the latest edition…

Staco covers Lagos street soccer tourney

Staco Insurance plc is providing cover to the MTN Lagos Street Soccer Championship Season Seven as the company has been appointed the official insurer of the tournament, the management of…

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…

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