NIA boss becomes IOD Fellow
The Chairman of Nigerian Insurers Association (NIA) and Managing Director of Consolidated Hallmark Insurance Plc,Eddie Efekoha, has been honoured among 41 eminent professionals and business leaders conferred with the fellowship of the Institute of Directors Nigeria in Lagos.
Risk management, insurance vital to economic growth
Stakeholders in the nation’s insurance sector have called on governments at all levels, and the private sector to support the insurance industry to play its role in galvanising the economy.
‘Eight million motorists parade invalid papers’
Of the 16 million registered vehicles plying Nigerian roads, about eight million have genuine motor insurance certificates captured by the Nigerian Insurance Industry Database (NIID), while the remaining eight million have not been validated.
2017 challenges offer opportunities for year 2018
Amidst other sectors in the Nigerian economy – banking and finance, energy, manufacturing, aviation or agriculture, the insurance industry had its share of the effects from the recession.
Consolidated Hallmark pays N1.29b claims in nine months
The Consolidated Hallmark Insurance Plc said it paid over N1.296 billion as claims to its customers within the past nine months ending 30th September 2016, thereby affirming ...
NIA set for risk-based supervision regime
The Nigerian Insurers Association (NIA) has stressed the need for its members to be equipped for the much anticipated Risk-Based Supervision (RBS) regime, which would take off soon at due time.
‘How economic recession reduces premium sector profit’
The economic downturn in the country, has triggered huge setback to the insurance industry.