Underwriter declares N772 million profit before tax
Despite worries about economic challenges in the country, Consolidated Hallmark Insurance (CHI) Plc has recorded profit-before-tax (PBT) of N772 million in its financial year ended December 31, 2020.
Insurers raise investors’ hope with rights issue scorecards
Determined to increase shareholders’ confidence in the insurance sector, and hope of better return on investments, the nation’s insurers are making inroads in securing various regulatory approvals.
CIIN canvasses united front in tackling pandemic
The President of the Chartered Insurance Institute of Nigeria, Eddie has called for joint effort by industry stakeholders to support the fight against the global pandemic, COVID-19.
‘Why mergers and acquisition will top insurers’ agenda for recapitalisation’
Following the ongoing recapitalisation in the industry, the National Insurance Commission (NAICOM), is planning a palliative mechanism for underwriters, who could not recapitalise before the December 31st, 2020 deadline.
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.
Experts see financial inclusion as boost to policy adoption
Insurance industry captains have said that improved financial inclusion of the country would serve as a catalyst for insurance penetration.
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 bow to sector’s recapitalisation pressure, commend regulator
Key players in the nation’s insurance industry have finally agreed to recapitalize the sector, saying it will streamline and strengthen underwriting firms that will survive the new capital regime.