Tuesday, 18th January 2022
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Insurance

NCRIB-Fellows-
1 Mar 2015
… NAICOM lauds level of penetration EFFORTS of industry regulators and market self-regulatory associations to entrench transparency in the conduct of insurance transactions, especially in claims settlement, are beginning to yield positive results, as a number of professional bodies in the country have embraced group life assurance scheme for their members.    Industry chieftains expressed…
1 Mar 2015
CONTINENTAL Reinsurance Plc, Africa’s largest private reinsurer outside of South Africa has reiterated its commitment to create platforms for dialogue amongst leaders in the insurance industry for the advancement of the continent.   In a statement from the firm on Friday the company announced its plans to create an opportunity for dialogue amongst leaders during…
1 Mar 2015
THE National Insurance Commission has given Anchor Insurance Company Limited and Universal Risk Management and Actuarial Services approval to jointly introduce a new product for workers called URFANS Loss of Employment Insurance Scheme.   According to a statement from the firm, the Managing Director and Chief Executive Officer, Anchor Insurance, Mr. Ademayowa Adeduro said the…
1 Mar 2015
THE Nigerian Council of Registered Insurance Brokers (NCRIB) has promised to create avenues for insurance brokers to attain the pinnacle of their career in insurance profession.  The President of the council, Ayodepo Shoderu, speaking at the 2015 Fellows  award in Lagos said  I am particularly elated and fulfilled that this great event is holding in…
1 Mar 2015
THE Chairman ,Nigeria Council of Registered Insurance Brokers ( NCRIB), Abuja Chapter, Bar. Ifeanyi Okpara  has  given reasons why Nigerians should get insurance cover for their businesses and other areas of insurance coverage.    To him it is no longer business as usual that an insurance companies would deny them the payment of their claims…
NAICOM
22 Feb 2015
THE regulatory environment in the nation’s insurance industry may be increasingly too hot for corrupt  underwriting, brokerage companies to contend, as the National Insurance Commission (NAICOM) in partnership with other regulatory bodies in the financial services sector are  on the offensive to reduce sharp practices in the underwriting of insurance business in the country.   …
22 Feb 2015
...Pays N3.5b claims last year IN a bid to take advantage of the untapped potential demands and stimulate business for operators in the insurance industry, the Group Managing Director of Industrial and General Insurance Plc, Rotimi Fashola, has said it was high time for the market players to come together as group and encourage healthy…
22 Feb 2015
THE Federal Emergency Management Agency is working to settle lawsuits by hundreds of Hurricane Sandy victims who challenged denials or alleged underpayments of flood insurance claims.   Brad Kieserman, deputy associate administrator for insurance at FEMA, disclosed the settlement talks during a break in a court hearing Wednesday over whether an insurer, Wright National Flood…
22 Feb 2015
THE World Bank estimates that 2.5 billion adults do not have formal bank accounts and the majority of the world’s unbanked citizens reside in emerging markets. It therefore urged insurers to work for the inclusion of the unbanked in the continent.    A paper by the bank’s Development Research Group concludes that only 24 percent…
22 Feb 2015
LEADING indigenously-managed Nigerian financial services firm, Asset & Resource Management Company Ltd (ARM) and South African-based fund managers, Harith General Partners (Pty) Ltd (Harith) have restated their commitment to provide much needed long term equity capital for funding infrastructure in Nigeria and West Africa.    This they intend to do through their joint venture initiative,…
22 Feb 2015
THE Management of International Energy Insurance Plc demonstrated social empathy towards the less privileged at the weekend by visiting the Heritage Homes  Orphanage, assuring the children that there is still hope for the future. Giving hope to the less privileged is part of the company’s Corporate Social Responsibility activities which stem from its core business…
22 Feb 2015
PAN Africa Insurance Holdings expects full-year profits for 2014 to fall by at least a quarter on reduced gains from its investment at the Nairobi Securities Exchange (NSE).   The insurer said that gains from the Nairobi bourse last year were lower compared to 2013, which was further compounded by reduced deals in the property…

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