Insurance

Fresh hope for industry as NIA gets new leadership 
Business Insurance Mohammed Kari NAICOM NEM Insurance Plc NIA Tope Smart

Fresh hope for industry as NIA gets new leadership 

NIA chief and Managing Director, NEM Insurance Plc, Tope Smart Pursues settlement of tanker explosion victims The new leadership of the Nigeria Insurers Association (NIA) may not have officially assumed duties, but has made a strong call on the stakeholders to embrace, as a project, the redemption of the industry’s […]

Ademola Ifagbayi ARIAN Business Insurance NAICOM

ARIAN seeks inputs in new initiative

The Tier-base recapitalisation introduced in the nation’s insurance industry, which deadline was brought forward to October 1, 2018, from January 1, 2019, has generated concerns for the Association of Registered Insurance Agents of Nigeria (ARIAN). The group is therefore, calling on the National Insurance Commission (NAICOM) to extend the deadline […]

Insurance recapitalisation deadline now October 1 – NAICOM
Business Insurance NAICOM Rasaaq Salami

Insurance recapitalisation deadline now October 1 – NAICOM

The National Insurance Commission (NAICOM) on Friday confirmed backdating the insurance companies Tier-based recapitalisation commencement date to Oct. 1, as against January 1, 2019 it earlier announced. Mr Rasaaq Salami, NAICOM’s spokesman, made the confirmation in an interview with the News Agency of Nigeria (NAN) in Lagos. NAN reports that […]

Insurance inclusion policy for 40m adults in rural communities
Business Insurance Mohammed Kari NAICOM NCRIB

Insurance inclusion policy for 40m adults in rural communities

Commissioner for Insurance, Mohammed Kari The traction in the insurance industry remains undaunted and the recent upsurge in policy directions has proved it. Just after the unveiling of a three-tiered recapitalisation plan for the industry, the National Insurance Commission (NAICOM) explained that it has already mapped out development strategies that […]

The Guardian Finance Awards 2018 holds September 14 in Lagos
banking Guardian Finance Awards Insurance Investment Finance Islamic Finance Metro Microfinance Banking News Nigeria Pension funds

The Guardian Finance Awards 2018 holds September 14 in Lagos

The Guardian is holding its Finance Awards on Friday, September 14, 2018 at the Grand Ball Room of Eko Hotel & Suites, Victoria Island Lagos by 5pm.<br />PHOTO/WIKIPEDIA The Guardian is holding its Finance Awards on Friday, September 14, 2018 at the Grand Ball Room of Eko Hotel & Suites, […]

Mutual Benefit, Secure Electronic others top NSE’s N12 billion loss
Business Insurance Mutual Benefit NSE Secure Electronic

Mutual Benefit, Secure Electronic others top NSE’s N12 billion loss

Akin Ogunbiyi, Chairman Mutual Benefits Plc Continued price depreciation in the shares of many blue chip stocks, especially Mutual Benefit Assurance, and Secure Electronic Technology, pulled the All-share index further by 0.09 per cent. Specifically, at the close of transactions yesterday at the Nigerian Stock Exchange (NSE), the All-Share Index […]

Underwriter assures investors of better investment return
benin city Business Edo State Guinea Insurance Plc Insurance Underwriter

Underwriter assures investors of better investment return

Godson Ugochukwu of Guinea Insurance Guinea Insurance Plc has assured shareholders of improved returns on investment, even as the investors applauded the company’s board for outstanding performance in the financial year ended December 31, 2017. Addressing shareholders at the 60th yearly general meeting of the company in Benin City, Edo […]

New capital requirements raise concerns for small operators
Business Insurance NAICOM National Insurance Commission NEM

New capital requirements raise concerns for small operators

Managing Director Consolidated Hallmark Insurance Plc, Eddie Efekoha The new capital base requirements for the insurance industry, officially launched on August 1, 2018, may have sent a warning signal to operators, especially the small ones and increasing the possibility of a new round of mergers, acquisitions or operational scale down. […]

IEI Anchor targets N100 billion pension assets
Business IEI-Anchor Pensions Insurance Pension Fund Administrator

IEI Anchor targets N100 billion pension assets

IEI-Anchor Pensions EI-Anchor Pensions Managers Limited, one of the nation’s Pension Fund Administrator (PFA), said it has concluded plans to grow its Assets Under Management (AUM) to N100billion in next year.   Already, the company has exceeded N80billion in assets under its management, according to the Managing Director, Glory Etaduovie, […]

ARM Life pays N412m claims, restrategises life business
ARM Life Insurance Business Femi Ogundeji Insurance

ARM Life pays N412m claims, restrategises life business

Insurance ARM Life Insurance said it paid a total of N412 million claims to policyholders to further underscore the company’s commitment to prompt settlement of payments and efficient customer services. The subsidiary of Asset and Resource Management Holding Company (ARM), has affirmed its commitment to improve productivity and profitability that […]

Experts task government on insurance adoption to boost economy prosperity
Business Business News economy Insurance Jim Ovia NAICOM Nigeria

Experts task government on insurance adoption to boost economy prosperity

Jim Ovia To break the poverty cycle and ill-health in Nigeria, there is a need for federal government to make insurance adoption a priority, stakeholders in the industry have said. The stakeholders, who spoke at just concluded 2018 National Insurance Conference, with the theme: “Insurance Industry & Financial Inclusion,” in […]

Retirees urge government to settle benefit arrears, review deductions
ARFESPON Association of Retired Federal Senior Public Officers of Nigeria Business Insurance

Retirees urge government to settle benefit arrears, review deductions

Pension The Association of Retired Federal Senior Public Officers of Nigeria (ARFESPON), has called on the Federal Government to pay the pension arrears of its members and address matters affecting them. The Chairman, ARFESPON, Olufemi Odewabi, at a press briefing in Lagos, called on President Muhammadu Buhari to help the […]