INSURANCE

 Mr Muftau Oyegunle, President /Chairman, Governing Council, Chartered Insurance Institute of Nigeria (CIIN), has charged directors of insurance companies to groom manpower that would be top-class. He said that this was necessary for improved performance and growth of the industry. Oyegunle advised the directors while delivering his address at the...

  Nigerian Council of Registered Insurance Brokers (NCRIB), on Sunday, advised Nigerians to patronise only registered insurance brokers for all their underwriting businesses. The NCRIB President, Barr. Rotimi Edu, gave the advise while speaking with the News Agency of Nigeria ( NAN), on the sidelines of the NCRIB’s Special Day...

Insurers Committee on Friday said plans were being concluded to enable the National Insurance Commission (NAICOM) announce a new price for the third party motor Insurance policy by Jan. 1, 2022. The Chairman of its Sub-Committee, Publicity and Communication, Mrs Ebelechukwu Nwachukwu, said this at a media briefing on the...

President Muhammadu Buhari has urged insurance companies in the country to take advantage of the government’s efforts to grow the non-oil sector of the economy through innovation. President Buhari made the call Monday during a virtual opening ceremony of the 47th African Insurance Organization (AIO) Conference and Annual General Assembly....

    Stakeholders in the African insurance industry are working hard to ensure insurance contributes to ongoing efforts to rebuild economies seriously impacted by the coronavirus pandemic. Hence, Mr Sunday Thomas, Commissioner for Insurance, is liaising with various ministries and agencies to support the 47th Conference and Annual General Meeting...

  The National Insurance Commission (NAICOM) has unveiled its 2021-2023 strategic plans for efficient service delivery, protection of trust and confidence in the industry. NAICOM Head, Corporate Strategy and Special Duties Department, Mr Usman Jankara, announced the plan while delivering a lecture at the annual seminar for insurance journalists in...

 The Federal Executive Council (FEC) has approved the sum of N9.2billion as premium to insurance companies that will manage the group life insurance for federal civil servants in the country.Minister of Information and Culture Lai Mohammed revealed this when he briefed State House correspondents on the outcome of the Council...

 The National Insurance Commission (NAICOM) has inaugurated the Sub Working Groups (SWGs) of the Insurance Industry Financial Reporting Working Group (IIFRWG). Commissioner for Insurance, Mr Sunday Thomas, inaugurated the group on Monday in Lagos. Thomas said that the SWG was expected to provide guidance to the IIFRWG for the seamless adoption of...

The Nigerian Insurers Association (NIA) has said insurance companies have so far paid N4 billion claims from the estimated losses from #EndSARS protests in October last year. The Chairman of NIA, Mr Ganiyu Musa, disclosed this during a virtual press briefing in Lagos on Thursday. He said, “The number of...

  A bill for a law to provide life pension for the former governor and deputy governor of Enugu state has scaled through first reading at the Enugu State House of AssemblyThe Executive bill, which was presented for first reading during the plenary in Enugu on Thursday, sought to provide...