Despite the cancellation of the Tier Based Minimum Solvency Capital (TBMSC), insurance companies with N3 billion capital base will still lose the businesses they used to underwrite, as policyholders are now attracted to insurers with requisite financial strength.

Consolidated Hallmark Insurance (CHI) Plc will seek approval to raise N734.5 million additional capital, at its  Extraordinary General Meeting (EGM), slated for November 28, 2018, in Lagos.   Shareholders will, at the meeting, formally give their approval to shore up the company’s capital through private placement of 1,130,000,000 units, at the price of 65 Kobo per share, which will…

The Chartered Insurance Institute of Nigeria (CIIN) has unveiled plans to deepen insurance education through the universities, as well as equipping young professionals to lift the sector to a greater height. The President of CIIN, Eddie Efekoha, who disclosed this at a media parley in Lagos, said the initiative is open to professionals between 21 and 30 years,…

Before the nation’s insurance industry could be viable like others sectors of the economy in the country, there is need for stakeholders to embrace retail insurance business that has been neglected.

In line with plans to register fresh 3,000 members that would spread the gospel of insurance benefits to the doorsteps of Nigerian before the end of the year 2018, the Chartered Insurance Institute of Nigeria (CIIN), has inducted more fellows and associates into the fold. CIIN at the institute’s 2017 Graduation and Fellowship Awards Ceremony,…

They have also cited the little or no enforcement of the compulsory insurance policy by the relevant agencies in addition to the inability of most states to domesticate the laws. They consider the move not realisable.

The event, which held in Lagos, attracted dignitaries from different sectors of the economy, who poured encomiums on the author for her efforts in moving insurance forward especially through the well-researched book.

President/Chairman of Council of the Institute, Lady Isioma Chukwuma, revealed this during a press briefing to highlight the success recorded by the institute in the past 11 months after her investiture as the 47th President. 

Guinea Insurance Plc (GI) has resolved to support growth and development in the industry, the company strategically partnered with the Chartered Insurance Institute of Nigeria ...