Nigeria Insurers Association
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…
Insurers’ management expenses hit N264.15bn in five years
Some insurance companies are struggling to remain afloat amid the harsh economic, which had pushed them into incurring huge management expenses above their premium income generated.
NIA gets new DG, others to drive industry growth
The Nigeria Insurers Association (NIA) has announced the appointment of Yetunde Ilori as its new Director General while the Managing Director of NEM Insurance Plc, Tope Smart, is Deputy Chairman.
NAICOM, others to sanction defaulters of public buildings insurance
On his part, the Comptroller General, Federal Fire Service, Anebi Joseph Garba, noted that fire had caused a lot of havoc nationwide, adding that most of the edifices affected by fire disaster had no fire insurance covers.
Forex scarcity stifling insurance operations, NIA, CIIN lament
Even as insurance practitioners are complaining about the prevailing apathy by the public towards its services, operators have lamented the negative effects of the foreign exchange crisis ...
Insurers to focus on risk management at yearly retreat
The Corporate Affairs Committee of the Nigeria Insurers Association (CAMCONIA), the body consisting of the Corporate Affairs Managers of insurance companies in Nigeria, is set to host its 2016 annual retreat...