The federal government has expressed its readiness to engage industry professionals for policies that would drive economic sustainable development.

Every year, since 1910, we have been celebrating the International Women’s Day and this year, the message is not different: Everybody should work to engender an environment where more women are given opportunity to be relevant and contribute towards socio-economic development in our communities.

The Nigerian Council of Registered Insurance Brokers (NCRIB) has called on the Ministry of Marine and Blue Economy to make clear to the government the roles of insurance in stimulating and sustaining the economic development of the country.

If the moves by insurance technology (Insurtech) companies are anything to go by, there are glimmers of hope for the insurance industry, which has suffered neglect over the years.

In consideration of the current economic situation in Nigeria, experts in the insurance industry have stressed the need for underwriting firms to examine risks, consolidate gains and invest in new technologies.

The Group Managing Director, Afrinvest West Africa, Ike Chioke, has reiterated the company's commitment to supporting the youth towards achieving their life goals. He spoke ahead of the Bendel Insurance Football Club of Benin match against Rangers International of Enugu. The Afrinvest West Africa chief promised a N2.5m prize to the winning team. The match…

As part of measures to boost insurance penetration in the country, FBN Insurance Brokers (FBNIB) has launched the First Cover, a digital brokering platform aimed at deepening insurance penetration in the country. Speaking at the end-of-year party and launch of First Cover, the Managing Director of FBN Insurance Brokers, Olumide Ibidapo noted that despite the…

The insurance index led the gainers’ chart at the end of last week's transactions on the equities sector of the Nigerian Exchange Limited (NGX) with 4.1 per cent, buoyed by buying interest in Sovereign Trust Insurance...

The insurance industry has revealed plans to increase the adoption of the Nigerian Insurance Industry Portal (NIIP) to address the counterfeiting of third-party vehicle insurance. This was disclosed at the 2023 Chartered Insurance Institute of Nigeria – Offices Representatives Committee (CIIN-ORC) Workshop by the Director-General of the Nigerian Insurers Association (NIA), Yetunde Ilori. She said…

Insurance experts have called on underwriting firms to take advantage of technological innovation to drive product penetration for increased contributions to the economy. The need for deeper technology adoption in product management was one of the issues raised by experts, who gathered at the second edition of ‘Insurance Meets Tech’ (IMT) with the theme: “Unlocking…

The Nigeria Civil Aviation Authority (NCAA) has directed all allied aviation service providers to comply with the Nigerian Civil Aviation Regulations (Nig. CARs) 2022 on insurance cover. The directive is contained in a letter referenced by the NCAA/DG/AIR/11/16/369, dated 11th August, 2023 addressed to all airlines as well as allied aviation services providers. The letter…

Heirs General Insurance (HGI) and Heirs Life Assurance (HLA) have introduced multiple digital channels to make insurance transactions easier for customers. The mobile and digital channels include a chatbot called Prince, which resolves customers’ inquiries, a USSD channel for Heirs Life and mobile apps – Simple Life by Heirs Life Assurance and Simple Protect by…