Insurance

Old Mutual Limited has renewed efforts to deepen insurance in Nigeria, through  a strategic partnership with Newhomes.ng, an innovative online real estate market hub, on digital insurance products.   The underwriter noted that the collaboration serves as an opportunity for it to provide insurance protection for property owners and homeowners.    The Executive Head, Marketing…

Universal Insurance Plc has donated insurance books worth over N2million to the Institute of Management Technology (IMT), Enugu, Enugu State.   The books, covering various areas of insurance, would boost the knowledge-base of students of insurance, the company noted, while addressing the students of insurance department of the institution.   At the ceremony that attracted the top…

Sanctions await underwriting companies that fail to upload sold motor policies on the Nigerian Insurance Industry Database (NIID), that would allow policyholders to authenticate their policy, Nigerian Insurer Association (NIA) has warned.     The NIID is an information technology-based system that facilitates easy collation and dissemination of statistical and other information relating to insurance.…

About 55 life and non-life underwriting companies in the country have paid N36.5 billion as tax to the government through the Federal Inland Revenue Service (FIRS) in the last five years.   The Guardian reliably gathered that between 2013 and 2017 financial years, these underwriters generated N100.4 billion as Profit Before Tax (PBT) and were left…

Indigenous Islamic model insurance operator, Noor Takaful, has distributed surplus worth over N12 million to its policyholders across the country. The National Insurance Commission (NAICOM), licensed Noor Takaful, in April 2016, and started operation in 2017, by providing ethical type of insurance. The Chairman of the company, Ambassador Shuaibu Ahmed, said at the distribution exercise…

AXA Mansard has launched a new brand campaign entitled “Stay In The Picture”. This is a through-the-line campaign including a television commercial, online video, massive out-of-home advertising, print advertising and product advertising.

The tasks of building the nation’s economy has been that of twists and turns, facilitated by obvious inefficiency of public institutions that are charged with overseeing most critical areas of development.  Many of these institutions, appear to be constrained by lack of robust enabling legislations to address the constantly emerging challenges that characterise the socio-economic…

AIICO Insurance Plc has said its financial results for the year ended December 31, 2018, recorded an increase of 17.4 per cent in gross written premium to N37.7 billion from N32.1 billion in 2017.   This outstanding performance was predominantly driven by growth in both the Life and Non-life businesses of the company.   According…

Custodian Investment Plc has said it will pay its shareholders 45 kobo dividend for the 2018 financial period, its Chairman, Dr. Omobola Johnson, said this during the 24th yearly general meeting in Lagos.   “The board recognises the importance of dividends to shareholders and therefore sustained the company’s practice of regular dividend payment by rewarding shareholders…

Policyholders in the nation’s insurance industry, between 2013 and 2018 have received claims worth N713 billion after they suffered from insured...

FBNInsurance Limited has posted a gross premium written of N26 billion in its financial report for the 2018 financial year, which has been...

Lagos State Government upped its reforms in pension administration, as it emerged the first state to issue Electronic Identification Cards...