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MUTUAL designs insurance cover for politicians, churches, others

MUTUAL designs insurance cover for politicians, churches, others

Mutual Benefits Assurance Plc (MUTUAL) has launched 36 new insurance products to give insurance protection to politicians, churches and others, to mitigate diverse risks in various segments of the Nigerian…

AIICO targets N31b income in 2014

AIICO targets N31b income in 2014

The management of AIICO Insurance Plc plans to achieve a premium income of N31 billion in 2014 and has put structures in place to achieve this target, Executive Director (Technical),…

FRSC, NIA partner to enforce motor insurance law

FRSC, NIA partner to enforce motor insurance law

Stories by Sola Alabadan Senior Correspondent   The Federal Road Safety Commission (FRSC) and the Nigerian Insurers Association (NIA) are collaborating to ensure effective enforcement of compulsory motor vehicle insurance…

Custodian and Allied records N3.6b profit

Custodian and Allied Plc has released its consolidated audited annual results for the year ended December 31, 2013, indicating that the company achieved a profit before tax and profit after…

Operators raise alarm over quack reinsurance brokers

Operators raise alarm over quack reinsurance brokers

The attention of the National Insurance Commission (NAICOM) has been drawn to the fact that virtually all registered insurance brokers in Nigeria now claim to be reinsurance brokers without due…

MIGA urges investment in economy

MIGA urges investment in economy

Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group, has called for significant investment in Nigeria’s economy to create jobs and…

STI assures on supporting knowledge acquisition initiatives

Sovereign Trust Insurance Plc has promised to continue supporting knowledge acquisition initiatives in promoting the advancement of the Nigerian insurance industry. The company’s Managing Director, Wale Onaolapo, gave this assurance…

NAICOM to sanction insurance operators for overriding commission

NAICOM to sanction insurance operators for overriding commission

Stories by Sola Alabadan Senior Correspondent   The National Insurance Commission (NAICOM) has threatened to henceforth penalise any insurance operators that solicit or offer overriding commission, business acquisition fees and…

Nigerians urged to study insurance documents carefully

By Segun Adeleye – Abeokuta  Nigerians wishing to enter into insurance contracts have been advised to ensure that they study insurance policy documents comprehensively, especially the technical details, in order to…

Insurers may lose annuity to pension operators

Insurers may lose annuity to pension operators

By Sola Alabadan Nigerian insurance operators may soon lose life annuity to pension operators if the plan by the pension managers sees the light of the day, investigation by Daily…

Market fire: Traders charged to embrace insurance

The Nigerian Council of Registered Insurance Brokers (NCRIB) has restated the need for the government and the people to embrace insurance as way of life, saying the incessant market fire…

Sovereign Trust pays N1.7b claims in 2013

Sovereign Trust Insurance Plc paid N1. 71 billion claims in 2013 in keeping faith with its promise to settle all genuine claims promptly. A rundown of the claims composition paid…

CIIN’s College of Insurance takes off June

The Chartered Insurance Institute of Nigeria (CIIN) is concluding arrangements for the take off of its College of Insurance and Financial Management in June this year, the institute’s Director-General, Kola…

Global economic losses exceed $1b in Feb – Aon

Japan snowstorms raised insurance payouts to more than $1 billion globally during the month of February, Impact Forecasting’s catastrophe report has indicated. Impact Forecasting, the catastrophe model development center at…

STI wants insurance to occupy rightful place

The Managing Director of Sovereign Trust Insurance Plc (STI), Wale Onaolapo has assured that the insurance company will continue to execute pacesetting initiatives to promote the advancement of the insurance…

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