Insurers restate plans for industry’s recapitalisation
As insurers show commitment to the ongoing recapitalisation exercise in the industry, they explain that a process is a form of a corporate reorganisation, which involves making substantial changes to a company’s capital structure.
NAICOM tasks brokers on presence to accelerate insurance penetration
The National Insurance Commission (NAICOM), has urged insurance brokers to establish their presence in all the nooks and crannies of the country, to accelerate insurance penetration and financial inclusion.
Underwriters target higher premium in 2020
The nation’s underwriters are optimistic that the industry would make more premium income from Group Life Insurance business in Year 2020, as opposed to previous years.
Insurers’ earnings performance raises recapitalisation hopes
Recapitalisation is a form of a corporate reorganisation, which involves making substantial changes to a company’s capital structure.
IICC moves to sustain enforcement of compulsory insurances policy- uptake
Determined to regain Nigerians’ confidence in insurance policy uptake, Insurance Industry Consultative Council (IICC) has continued to drum the need for enforcement of the various compulsory insurances in Nigeria.
FG proposes N15b for MDAs group life policy
The Federal Government has proposed N15 billion for payment of group life insurance of its employees.
Police seek waiver on industry ‘no premium no cover’ for officers
The Federal Government’s inability to promptly pay insurance premium for group life cover of officers of the Nigeria Police has caused a call on the National Insurance Commission...
NAICOM assures of refund to investors of failed operators
The National Insurance Commission (NAICOM) has said funds raised from investors in the ongoing recapitalisation would be refunded if the insurance operators failed to scale through.
How N3.4 billion premium is raising investors recapitalisation hopes
Recapitalisation is a form of a corporate reorganisation, which involves making substantial changes to a company’s capital structure. It is one of the strategies companies use to improve their financial stability. Currently, the insurance industry is undergoing the process.