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Nigerian aviation risks must be insured locally – NAICOM

Nigerian aviation risks must be insured locally – NAICOM

By Sola Alabadan / News Editor, Sunday   In order to protect policyholders and members of the public, the National Insurance Commission (NAICOM) has ordered that the establishment of underwriting terms…

Insurers focus on modernising core systems – Study

In view of the fact that there is pressure to innovate in today’s fast-paced and changing insurance environment, insurers are responding by focusing their investments in technology on modernising core…

Liberty to finalise Nigerian acquisition soon

Liberty Holdings Limited, the South African insurer controlled by Standard Bank Group, said it may conclude a deal in Nigeria by the end of January. speaking in an interview at…

Goldlink reassures shareholders on investment

The management of Goldlink Insurance Plc has reassured the shareholders of its commitment to secure their investments, informing that the Nigerian Stock Exchange (NSE) would no longer delist the company.…

Insurers tackle capital flight with N720m oil, gas pool

Insurers tackle capital flight with N720m oil, gas pool

By Sola Alabadan  / News Editor, Sunday   As part of efforts to retain capacity in oil and gas underwriting, curb capital flight and grow the local market in energy and…

NCRIB advises politicians to embrace insurance

The Nigerian Council of Registered Insurance Brokers (NCRIB) has advised politicians to embrace insurance especially at this crucial electioneering period, citing cases of recent attacks within the political circles. The…

NIA to launch NIID in Lagos

The Nigerian Insurers Association (NIA) says it is engaging stakeholders in Lagos state including the Motor Vehicle Administration Agency (MVAA), the Vehicle Inspection Officers (VIO), and Ministry of Transport, with…

CHI rewards winners of essay competition

As part of efforts to promote insurance practice and professionalism in the industry, Consolidated Hallmark Plc (CHI) has said it would continue to reward best students in the annual essay…

SON considers stiffer sanctions against substandard goods

Standards Organisation of Nigerian, SON, has said it is considering imposing additional sanctions on importation of substandard goods. The Director General, Standards Organisation of Nigeria (SON) Dr. Joseph Odumodu, who…

Insurers now paying overriding commission into brokers’ personal accounts

Insurers now paying overriding commission into brokers’ personal accounts

By Sola Alabadan / News Editor, Sunday   The insurance companies now pay overriding commission and other illegal fees directly into the personal bank accounts of insurance brokers to prevent the…

FBN Insurance completes acquisition of Oasis

FBN Insurance Limited, a subsidiary of FBN Holdings Plc has completed the acquisition of Oasis Insurance Plc. While FBN Insurance had initially acquired 71.2 per cent equity interest in Oasis…

The insurance for Unity Schools’ students

Insurance for Unity School pupils It is unfortunate that the Boko Haram insurgents have continued to mount a vicious campaign against Western education, students and colleges, with many schools completely…

Archaeologists find Parasite eggs from Celtic period in Switzerland

Archaeologists from the University of Basel discovered eggs of intestinal parasites in samples from the former Celtic settlement, and concluded that its population lived in poor sanitary conditions. As part…

Ensure you have valid insurance cover, CHI urges motorists

Ensure you have valid insurance cover, CHI urges motorists

By Sola Alabadan / News Editor, Sunday   Nigerian motorists have been advised to make sure that their vehicles are properly insured at all times so as to enjoy the benefits…

Leadway accuses customer of insurance fraud

The management of Leadway Assurance Company Limited has denied reports that the insurance company refused to pay claim to one of its customers, saying the affected policyholder was actually trying…

The NBA insurance cover for lawyers

Lawyers require insurance cover Lawyers, just like other professionals like doctors, insurance brokers, and consultants, are required to take out and maintain Professional Liability Insurance (PLI), also called Professional Indemnity…

Eight insurers fail to submit 2013 accounts to NAICOM

Eight insurers fail to submit 2013 accounts to NAICOM

  By Sola Alabadan News Editor, Sunday   With less than 24 hours to the end of year 2014, a total of eight insurance companies are yet to submit their…

IGI, NICON refuse to file 2014 quarterly returns

By Sola Alabadan News Editor, Sunday The National Insurance Commission (NAICOM) has revealed that both Industrial & General Insurance Plc (IGI) and NICON Insurance Limited did not file quarterly financial…

The insurance cover for bus conductors

By Sola Alabadan News Editor, Sunday Bus conductors to get insurance cover  As part of efforts to sanitise and make the bus conducting vocation attractive, President of the Bus Conductors’…

Nigerian insurers in Ghana tasked on new solvency regime

Nigerian insurers in Ghana tasked on new solvency regime

By Sola Alabadan / News Editor, Sunday   The subsidiaries of Nigerian insurance companies in Ghana including Equity Assurance, WAPIC, Regency Alliance, IEI Ghana and NEM Insurance, as well as all…

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