The insurance index led the gainers’ chart at the end of last week's transactions on the equities sector of the Nigerian Exchange Limited (NGX) with 4.1 per cent, buoyed by buying interest in Sovereign Trust Insurance...
The insurance industry has revealed plans to increase the adoption of the Nigerian Insurance Industry Portal (NIIP) to address the counterfeiting of third-party vehicle insurance. This was disclosed at the 2023 Chartered Insurance Institute of Nigeria – Offices Representatives Committee (CIIN-ORC) Workshop by the Director-General of the Nigerian Insurers Association (NIA), Yetunde Ilori. She said…
Insurance experts have called on underwriting firms to take advantage of technological innovation to drive product penetration for increased contributions to the economy. The need for deeper technology adoption in product management was one of the issues raised by experts, who gathered at the second edition of ‘Insurance Meets Tech’ (IMT) with the theme: “Unlocking…
The Nigeria Civil Aviation Authority (NCAA) has directed all allied aviation service providers to comply with the Nigerian Civil Aviation Regulations (Nig. CARs) 2022 on insurance cover. The directive is contained in a letter referenced by the NCAA/DG/AIR/11/16/369, dated 11th August, 2023 addressed to all airlines as well as allied aviation services providers. The letter…
Heirs General Insurance (HGI) and Heirs Life Assurance (HLA) have introduced multiple digital channels to make insurance transactions easier for customers. The mobile and digital channels include a chatbot called Prince, which resolves customers’ inquiries, a USSD channel for Heirs Life and mobile apps – Simple Life by Heirs Life Assurance and Simple Protect by…
Indications have emerged on how some 8.9 million of the 12 million vehicles on Nigerian roads parade the country with fake insurance policies.
Industry captains in the nation’s insurance and pension industry have revealed plans to review the role of the sector in sustaining economic development and also set agenda for the new administration on how to promote it.
Unless they win their last two games of the ongoing Nigerian Premier Football League (NPFL) Championship Play-off, Bendel Insurance and Remo Stars may not qualify to represent Nigeria next season in any CAF inter-club competition.
Sir: Let’s talk about work, not just for today but more importantly, for tomorrow, which we know often bears pleasant surprises and painful shocks.
Weak economic performance, low confidence and poor patronage have continued to threaten the operations and survival of insurance companies, leading to depreciation and sometimes stagnation of their share prices on the Nigerian Exchange Limited (NGX), which are currently below book value.
In a very ordinary sense and simple context, insurance can be defined as “the assurance that you will not lose.” If and when you’re insured, you’re not shielded from accidents or attacks but assured of relief to live again.