INSURANCE

The Minister of Finance, Mrs. Kemi Adeosun on Monday expressed the determination of the current administration to lead in the reforms of a more vibrant Nigeria insurance market. The Minister in her opening remarks at the National Insurance Conference in Abuja explained that a developed and active insurance market would...

ABDUL-KHALIQ OLALEKAN National Association of Nigerian Student (NANS), has nominated and conferred National Outstanding Leadership Award 2016 on President, Nigerian Council of Registered Insurance Brokers (NCRIB), Mr. Kayode Okunoren. The award which was presented to Okunoren at the NCRIB Secretariat in Lagos by the NANS President ably represented by NANS...

  By ABDUL-KHALIQ OLALEKAN Nigeria insurance industry lost N82.44 million to fake insurance racketeers in the 2015 financial year, Business 247 Online News has learnt. The Nigerian Insurers Association (NIA) in the 2015 financial year made N20.61 million from its initiative, the Nigerian Insurance Industry Database (NIID) revealed that about...

By ABDUL-KHALIQ OLALEKAN In spite of the harsh operating environment, Royal Exchange Plc said it was able to generate a gross written premium of N10.7 billion from its business activities for the financial year ended December 31, 2015. This, it said, represents an increase of 14 per cent over the...

By ABDUL-KHALIQ OLALEKAN Insurance stakeholders are expected to converge to discuss possible ways to increase insurance adoption and acceptance in the country. The meeting which will hold under the flagship of the 2016 Insurance Industry Consultative Council (IICC) in Abuja between 10th and 13th of July, 2015, would be a...

By ABDUL-KHALIQ OLALEKAN A total of 58 insurance companies in the country were able to record N350 billion premiums from insurance businesses they undertook in the 2015 financial year. This was a 19 per cent increase from N249 billion posted in the 2014 financial year. Disclosing this at the 45th...

By ABDUL-KHALIQ OLALEKAN Sovereign Trust Insurance (STI) Plc has extended its Corporate Social Responsibility (CSR) initiative to a Lagos-based Non-Governmental Organization, Teenage Life on partnership aimed at strengthening youth development in the country. A statement from the company and made available to Business247, noted that the Coordinator of Teenage Life,...

By ABDUL-KHALIQ OLALEKAN Experts have called on the President Muhammadu Buhari-led administration to unveil friendly policies that will aid insurance adoption in the country, noting that his policies, since he took over the presidency was making Nigerians uncomfortable, as disposable income continue to drop on daily basis. Mr. Lanre Sotunde,...

By ABDUL-KHALIQ OLALEKAN The Lagos chapter of the Nigerian Institute of Public Relations, NIPR, has sought for collaboration of the Corporate Affairs Managers of Insurance Companies (CAMCONIA) on driving professionalism in the country. CAMCONIA, at its monthly meeting, played host to the Lagos Chapter of NIPR, at the Nigeria Insurers...

BY ABDUL-KHALIQ OLALEKAN No fewer than 3000 insurance textbooks were distributed by the Chartered Insurance Institute of Nigeria (CIIN) to secondary schools in 10 states of the federation through their respective Ministry of Education. The President, Chartered Insurance Institute of Nigeria (CIIN), Lady Isioma Chukwuma, who disclosed this at a...