Follow Us On:

Home » Archives by category » Business » Insurance

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…

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…

Page 1 of 22123Next ›Last »