How N9.92 billion claims settlement will boost policyholders’ confidence
Determined to regain confidence back to the nation’s insurance industry, underwriters are beginning to explore digital avenues to aid the settlement of claims in the country.
How N5.4b claims settlement will boost shareholders’ confidence
The modern insurance claims process is increasingly complex. More variables and data are constantly coming into play, but carriers must determine appropriate settlements and flag potential fraud faster than ever.
FBNInsurance eyes 30 per cent growth in 2019, assures prompt payments
FBNInsurance Limited has projected a 30 per cent growth in its business in 2019, despite the uncertainty associated election year. The Managing Director/Chief Executive Officer, Val Ojumah, in an interview with The Guardian over the weekend, said the company grew by over 40 percent in 2018 and is optimistic that this growth trajectory would be…
Industry’s endless losses and another N30 billion from transport sector
The nation’s insurance sector has been awash with series of losses arising from defiance to laws, poor business structures and the inability of the regulators and stakeholders to enforce rules.
FBNInsurance profit rises by 70%, gets N3 billion
FBNInsurance Limited has announced a Profit Before Tax (PBT) of N3.13 billion in its 2016 operations, representing 70 per cent increase compared to N1.8 billion achieved in the previous year.
FBNInsurance woo clients with affordable products
In a bid to enlarge their market shares, FBNInsurance Limited and FBN General Insurance have developed customised and affordable products that are targeted at the top, middle and lower classes of the society.
Industry posts N350 billion premium
The Nigerian Insurers Association (NIA) has said the volumeof business underwritten by the insurance industry in 2015 reached N350 billion, against N294 billion in 2014. This represents an increase of about 19 per cent.