CIIN President tells insurance professionals to be creative, work harder in 2020
The President of Chartered Insurance Institute of Nigeria (CIIN) Mr Eddie Efekoha, says insurance professionals need to embrace creativity and work harder than ever before this year for the future of the industry.
CIIN harps on insurance industry’s integrity
The Chartered Insurance Institute of Nigeria (CIIN) has inducted 143 new associates and fellows into its fold, in line with plans to raise knowledge and spread the “gospel” of policy cover to the doorsteps of Nigerians.
IICC moves to sustain enforcement of compulsory insurances policy- uptake
Determined to regain Nigerians’ confidence in insurance policy uptake, Insurance Industry Consultative Council (IICC) has continued to drum the need for enforcement of the various compulsory insurances in Nigeria.
FG proposes N15b for MDAs group life policy
The Federal Government has proposed N15 billion for payment of group life insurance of its employees.
Insurers to discuss digital disruption at confab
The impact of digital disruption, innovations for insurance industry and business will be the central theme at the 2019 National Insurance Conference, slated for June 30 through July 2, 2019, in Abuja.
How insurance firms settled N76b claims
About nine out of the 57 insurance companies in the country have settled a cumulative claims of N76 billion by policyholders, who suffered insured risks, in the 2018 financial year. This was as an improvement from what was witnessed in the 2017 financial year, as virtually all the nine companies recorded an increase in claims…
How insurers’ N37 billion tax affects industry growth
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…
CIIN, NIIA tasks operators on insurance awareness
The Chartered Insurance Institute of Nigeria (CIIN), has stressed the need for operators to tackle the issue of low awareness, which has been a major set-back on patronage in the Nigerian market. The President, of the institute, Eddie Efekoha, who spoke to The Guardian on recent developments in the industry, said: “The level of insurance…