Insurance

The Nigerian Insurers Association (NIA) has commended the National Insurance Commission (NAICOM) for its recent circular on extension of deadline for recapitalisation of insurance and reinsurance companies in Nigeria, describing it as a step in the right direction.

The Nigerian Council of Registered Insurance Brokers (NCRIB) has underscored the pivotal role of insurance in disaster management in the country.

The ongoing recapitalisation exercise in the insurance sector may be getting the required boost as insurers record improved rating outlook by global agencies.

In an effort geared towards boosting insurance penetration to ensure meaningful contribution to the Gross Domestic Product (GDP), the National Insurance Commission (NAICOM) has disclosed that it will focus on market development, among other initiatives, this year.

The quality assurance project targeted across the continent by the African Export-Import Bank (Afreximbank) will raise the confidence of importers, enhance the competitiveness and attractiveness of “Made-In-Africa” products.

The low insurance penetration in the Nigerian market has been a major challenge to underwriting companies, particularly in this period of recapitalisation exercise with June 2020 deadline.

The National Insurance Commission (NAICOM) has said it will commence a two-year license renewal process for insurance brokers and loss adjusters by April 1, 2020.

There are several myths and misnomers when it comes to financial planning, and individuals can take in a lot of advice from many good and not-so-good sources. Misnomers can range from confusing high incomes with wealth to not knowing the importance when choosing investments. For insurers, there is a need to help provide individuals in…

Underwriting companies in the nation’s insurance industry are cutting down on their uptake of N323 billion annuity business as they now considered it volatile and susceptible to inflation trends.

The Federal Government has, through the Executive Finance Bill recently passed by the National Assembly, relieved insurers of assessed “unwholesome tax burden” that had hitherto drained their earnings.

The low insurance penetration in the Nigerian market has been a major challenge to underwriting companies, particularly in this period of recapitalisation exercise with June 2020 deadline.

The Nigerian Council of Registered Insurance Brokers has named the Ooni of Ife, Oba Adeyeye Ogunwusi, as the Insurance Broking Ambassador in Nigeria, in a move aimed at reaching the grassroots.