INSURANCE

Following its recent announcement giving premium refunds to customers with active motor vehicle policies during the lockdown period, Wapic Insurance, one of Nigeria’s leading underwriters, has gone further to offer health workers across Nigeria a 15 per cent discount on new policies taken up in 2020 to help cushion financial...

Wapic Insurance Plc, one of Nigeria’s leading underwriters, has become the first Nigerian motor insurer to offer customers refunds on their insurance premiums. This act of empathy is made in line with Wapic’s understanding that most drivers are stuck at home and unable to drive their motor vehicles in line...

Following the launch of its Coronavirus (COVID-19) initiative, Prudential Zenith Life Insurance has announced some additional benefits designed to address the negative impact of the Coronavirus (COVID-19) pandemic, which has claimed thousands of lives globally. According to a statement released by the company, the benefits which apply for a period...

  Prudential Zenith Life Insurance has launched a payment service which allows mobile phone customers in Nigeria to buy protection policies wherever they are. Customers who dial *5966#  on their mobile phones will be able to purchase a life insurance or hospital cash plan policy in a matter of minutes....

Mr Sunday Thomas, the Acting Commissioner for Insurance, National Insurance Commission (NAICOM), has reiterated call for the amendment of some laws governing insurance practice in the country. Thomas made the call at a retreat organised by NAICOM for members of the House of Representatives Committee on Insurance and Actuarial Matters,...

Two insurance training colleges in Nigeria and Uganda have signed a Memorandun of Understanding (MoU) to provide an effective and orderly framework for collaboration in training, examination and research. The College of Insurance and Financial Management (CIFM), Nigeria, signed the MoU with the Insurance Training College (ITC), Uganda, for collaboration...

  The National Insurance Commission (NAICOM), says the extension of renewal of licences of Insurance Brokers and Loss Adjusters to two years will ensure they transact their businesses with ease. Mr Pius Agboola, the Director, Policy and Regulation, NAICOM said this in an interview with News Agency of Nigeria (NAN)...

The President of Chartered Insurance Institute of Nigeria (CIIN) Mr Eddie Efekoha, says insurance professionals need to embrace creativity and work harder than ever before this year for the future of the industry. Efekoha said this in his New Year message, a copy which was made available to the News...

Shareholders of some Insurance companies on Monday urged the National Insurance Commission (NAICOM) to review its recapitalisation directive issued to the insurers, saying that the June 2020 deadline did not seem feasible. They made the submission while speaking with the News Agency of Nigeria (NAN) in Lagos. Mr Shehu Mikail,...

  The National Insurance Commission (NAICOM) has charged insurance companies to invest in technology in order to effectively key into the financial inclusion target of the Federal Government. Mr Sunday Thomas, NAICOM Acting Chief Executive Officer, gave the charge at the 2019 Insurance Professional Forum organised by the Chartered Insurance...