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The chairman of Premium Pension Limited, Aliyu Dikko, has urged the incoming government of President-elect, Muhammadu Buhari to embark on the diversification of the economy with increased focus on agriculture and mining; as well as power sector reforms; overhaul of the petroleum sector; youth employment generation...

By Sola Alabadan  - Lagos   The Director-General of Nigerian Insurers Association (NIA), Mr. Olorundare Thomas has expressed the association’s readiness to collaborate with any institution in developing the human capacity needs of the nation’s insurance market. Thomas stated this while receiving a delegation of CICA Re led by its technical advisor, Mr. Aristide-Emile...

Leadway Assurance Company Limited has launched a new life assurance product called the Leadway Family Benefit Plan Plus (LFBPP). The product is a multi-life policy designed to cover funeral expenses for the assured lives (spouse, parents and/or parents-in-law that are named in the policy) and the policy holder (person who purchased the policy). The policy helps to alleviate...

More than 700 insurance operators from Africa will be converging on Gammarth, Tunisia from May 24 to 27, 2015 for the 42nd Conference and General Assembly of the African Insurance Organisation (AIO) to deliberate on issues affecting the insurance industry in the continent. The conference will hold under the theme “African Insurance in the face of Mass Events,” says...

By Sola Alabadan / News Editor, Sunday   As part efforts to ensure that majority of Nigerians embrace insurance as a way of life, the National Insurance...

The Chairman of Nigerian Insurers Association (NIA), Godwin Wiggle, has appealed to the National Insurance Commission (NAICOM) to sustain its efforts in the enforcement of the compulsory insurances stipulated in the Insurance Act 2003. He gave this charge during a meeting between the Commissioner for Insurance, Fola Daniel, and Chief Executive Officers of NIA member companies...

The board of Nigerian Agricultural Insurance Corporation (NAIC) has put strategies in place to increase the corporation’s market penetration and premium income, the company’s Chairman, Barr. Chioma Ohakim, said. She stated that the move was in furtherance of the Agricultural Transformation Agenda of the Federal Government through efficient and effective agricultural...

The board and management of Standard Alliance Insurance Plc have initiated a process of restructuring and rightsizing as part of its corporate strategy for growth and efficiency. According to the company’s Corporate Communications Manager, Nelson Egboboh, “the restructuring and rightsizing exercise involved the reshuffling of some key staff to fill specific positions...

By Sola Alabadan, Lagos   Nigerian insurance operators are excited that the Federal Government has now started including premium for group life insurance...

In readiness for smooth implementation of Risk Based Supervision (RBS) in full scale, the National Insurance Commission (NAICOM) has organised a seminar to increase the level of awareness among insurance operators in Lagos. Speaking at the seminar hosted by Munich Re Africa, NAICOM’s Deputy Commissioner (Technical), Muhammed Kari, affirmed that arrangements have been...