CHI gets shareholders’ nod to raise fresh capital
The shareholders of Consolidated Hallmark Insurance Plc has authorised an increase in the shares of the company from the current 10 billion units...
CHI settles N2.1 billion claims to Marine customers
Determin ed to remain market leader in the nation’s insurance industry Comsolidated Hallmark Insurance Plc has disbursed a total sum of N2.1billion as claims in the marine segment of its business in October, 2018.thereby affirming its ability to settle genuine claims.
CIIN seals pact with varsities for insurance education
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,…
CIIN moves to boost nation’s GDP through retail insurance market
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.
Insurance is a necessity for every Nigerian – CIIN president
Mr Eddie Efekoha, the President of Chartered Insurance Institute of Nigeria (CIIN), on Monday expressed happiness on ways product creation in insurance industry is having positive impacts on Nigerian lives.
How N363 billion industry premium renews hope
The volume of businesses written by insurance companies in the country grew from N315.96 billion in 2016 to about N363 billion in 2017, representing an increase of about 15 per cent over 2016 figure. The record, which came in the midst lower purchasing, recession and near economic inactivity, is an indication that the sector holds…
Rampaging fake agents threaten fledgling confidence in insurance
The renewed campaign to rev up public confidence in the troubled insurance sector may amount to mere “dress rehearsal”, with no fewer than 13,000 fake insurance agents soliciting policies in the midst of few registered ones.
NIA generates over N1.5b from tax refunds, contributions
The Nigerian Insurers Association (NIA) has secured a tax refund of over N1 billion in the year 2017.
‘Only five million vehicles on NIID have genuine papers’
This was disclosed in Lagos by the Chairman, Nigerian Insurers Association (NIA), Eddie Efekoha, who stressed that the NIID has really impacted positively on the operations of insurance companies.
Why insurers paid N14 billion worth of claims to fire victims, others
The nation’s insurance sector, through its underwriting firms, have disbursed the sum of N14 billion insurance claims to fire victims across the country.