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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…

Compulsory insurance: NAICOM wants states to partner insurers

Compulsory insurance: NAICOM wants states to partner insurers

By Sola Alabadan Senior Correspondent   The National Insurance Commission (NAICOM) is making efforts to ensure that the state governments collaborate with the insurance companies to enforce the compulsory motor…

Shareholders commend management of Niger

By Sola Alabadan Senior Correspondent Shareholders of Niger Insurance Plc have commended the management and board of the insurance company for the impressive results achieved during the operating year 2013.…

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…

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