I wish all my readers a Happy New Year. I am happy to predict that the world, the way we know it now, a global system that has been deliberately designed and constructed in such a way that the black person on earth should not succeed, will come to a shuddering end in 2030. Before…

Following the high and frequent cases of road accidents on the nation’s highways, insurance experts have called on the Federal Government to introduce compulsory insurance cover for all travellers on the nation’s roads. The Managing Director, Top Brackets Insurance Brokers, Alex Onyenike, noted that besides the need for drivers’ carefulness on the wheels, “the need…

The Federal Government has said that the final list of successful insurance companies handling the payment of assurance claims to relatives of dead civil servants will soon be announced after the completion of their selection based on due process in line with the Public Procurement Act. Head of Service, Mrs. Winifred Ekanem Oyo-Ita, represented by…

The Senate resolution on banks in the country imposing excessive and illegal charges on their customers’ ATM transactions is significant and timely. According to reports, the resolution specifically directed the Committee on Banking, Insurance and Other Financial Institutions and Finance to conduct an investigation into the propriety of ATM card maintenance charges in comparison with…

The Consumer Protection Council (CPC) and some experts in the nation’s insurance industry have advised practitioners to collaborate with religious and community leaders to increase penetration.   The experts, made the call at the yearly Insurance Consumers Colloquial that kicked -off in Lagos, with the theme: “Stimulating Insurance Consumers’ Trust in Nigeria”, organised by organised CPC,…

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,…

The sudden change in the transition timetable of the Tier-Based Minimum Solvency Capital (TBMSC) regime to October 1, 2018, by the National Insurance Commission (NAICOM) has unsettled insurance sector players, as they lament the lack of consultations before the decision. NAICOM had earlier put the deadline for the implementation of this exercise at January 1,…

The Guardian is holding its Finance Awards on Friday, September 14, 2018 at the Grand Ball Room of Eko Hotel & Suites, Victoria Island Lagos by 5pm. The event would recognise, reward and celebrate organisations, institutions and individuals that have contributed and still contributing to innovations, achievements, progressive and inspirational changes in the sector and…

Lasaco Assurance Plc has introduced an instant rescue solution, which provides free towing service for vehicles with severe damage, particularly for vehicle owners insured by the company and generally, for motorists operating within major parts in Lagos State. Besides, as a strategy of boosting its customer satisfaction, it has evolved a speedy and more responsive…

Continental Reinsurance Plc said the group’s consolidated gross premium rose by 27 per cent, from N15.19 billion in the second quarter of 2017, to N19.26 billion in the corresponding period of 2018. According to a statement from the group, the good momentum in volume growth was a reflection of a supportive market environment. “Despite a…

In his recent hit song, the Nigerian hip-hop juggernaut, David Adeleke aka Davido, promises his lover, Chioma, ‘assurance’. But what does this mean? An assurance is some kind of protection against something that is guaranteed to happen like death. Insurance, on the other hand, protects you against unforeseen events that may or may not happen.…

To break the poverty cycle and ill-health in Nigeria, there is a need for federal government to make insurance adoption a priority, stakeholders in the industry have said. The stakeholders, who spoke at just concluded 2018 National Insurance Conference, with the theme: “Insurance Industry & Financial Inclusion,” in Abuja, noted that insurance remains one of…