Insurance

The Nigeria Labour Congress (NLC), Trade Union Congress and the Nigerian Employers Consultative Association (NECA) are threatening to withdraw their members’ contributions to the Nigeria Social Insurance Trust Fund (NSITF) and the National Pension Commission (PENCOM)

The Nigeria Deposit Insurance Corporation (NDIC) has appealed for the continued support of external solicitors’ of the Corporation in facilitating debt recovery and assets realisation of failed banks. Mr Hassan Bello, the Managing Director of NDIC, made the appeal at the 2024 Sensitisation Seminar for External Solicitors of the NDIC in Abuja on Thursday. Bello,…

One of the most exciting aspects of the pension contributory system is its investment-driven approach. Your monthly contributions are strategically channelled into essential sectors like infrastructure, Money and capital markets. By embracing additional voluntary contributions to your already existing pension account, your funds can achieve significant milestones while confidently planning for the future you deserve!…

The National Insurance Commission (NAICOM) and the Federal Road Safety Commission (FRSC) are collaborating to enforce the car third-party insurance policy. Speaking during the partnership meeting in Abuja, the Commissioner for Insurance and Chief Executive Officer of NAICOM, Olusegun Omosehin, said the two organisations will also work closely to ensure safer motoring, road safety, and…

The Nigerian Senate has passed the 2024 Nigerian Insurance Industry Reform Bill. This followed the adoption of the report from the Committee on Banking, Insurance, and Other Financial Institutions at plenary on Tuesday. The report was presented by the Chairman of the Committee, Senator Abiru Adetokunbo (APC-Lagos). Senator Adetokunbo, while presenting the report, noted that…

Stakeholders in the country’s insurance industry need reforms to position the sector for growth and contribute significantly to the economy. The industry players who gathered at the 2024 edition of the Business Journal Lecture themed, ‘Repositioning the Insurance Industry to Drive Sustainable Economic Growth in Nigeria’, at the weekend in Lagos, also urged underwriting firms…

The Managing Director of Cornerstone Insurance Plc, Stephen Alangbo, has over 30 years of experience in the insurance industry. His professional contributions to the industry came to limelight when he won the ‘Top 25 CEOs Award,’ in the BusinessDay award,

Despite the hard economic situation ravaging the operating environment in the country, the Board of Directors of Noor Takaful Insurance

The National Insurance Commission (NAICOM) has removed the board and management of African Alliance Insurance Plc, citing ongoing financial instability and unmet obligations to annuitants and policyholders. The Commissioner for Insurance, Segun Omosehin, announced the decision at a press briefing held at NAICOM’s Lagos office. [Ad] During a press briefing at NAICOM’s Lagos office, Commissioner…

The Managing Director of Enterprise Life Assurance Ltd, Funmi Omo, has called for a radical transformation in the insurance sector, challenging practitioners to rethink outdated business models. Speaking at the Leadership Summit organised by the Nigerian Council of Registered Insurance Brokers (South-South Area Committee), Omo said technology has disrupted a lot of things and urged…

NSIA Insurance has strengthened its nationwide retail expansion via its 2024 Roadshow, a major initiative designed to enhance customer engagement and raise awareness about insurance services across Nigeria. The roadshow organised by NSIA Insurance made stops in key cities, including Onitsha, Benin, Ibadan, Kaduna, and Kano, where the company connected with diverse communities and emphasised…

In a move ahead of the proposed insurance industry recapitalisation exercise, Lasaco Assurance Plc has revealed plans to raise N11.1 billion in fresh capital through a private placement of 9.25 billion ordinary shares of 50k each at 1.20k per share.