The insurance Industry in Nigeria is taking opportunities provided by digitization to restore disruptions brought about by COVID-19 pandemic and sustain profitable operational activities. Prince Femisayo Soyewo, Executive Chairman, Prestige Insurance Brokers, said that the financial services sector of which…
Transactions on the equities sector of the Nigerian Exchange Limited (NGX) reopened in an upbeat yesterday, as positive sentiments in the shares of many blue-chip companies, especially PZ Cussons and Mutual Benefits Assurance lifted market capitalisation by N27 billion. Specifically,…
Director-General, Lagos State Pension Commission (LASPEC), Mrs. Folashade Onanuga, has called for a better understanding of insurance which she said is key to sustainable business development and growth. She said both insurance and pension are critical elements in planning and…
By Asishana John Following multiple failures being experienced by operators especially in the financial sector, experts are gathering to give insight to business operators on how to maximise business potentials. The recent findings by McKinsey show that many organizations are…
CHI Microinsurance Limited has officially commenced operation with plans to insure about 100 million uninsured grassroots dwellers in the country. A statement issued by the company said that while speaking at the official launching of the micro-insurance firm, the Group…
The board of NSIA Insurance Limited has appointed Dr Adesegun Akin-Olugbade as the new chairman of the company. A statement described Akin-Olugbade as a leading legal, finance and corporate governance expert who holds a doctorate degree and a masters’ degree…
…Expresses worry over uninsured public buildings under construction By Asishana John The National Insurance Commission (NAICOM), in collaboration with industry operators, is targeting January 2022 for the review of third-party insurance premiums. This was disclosed over the weekend by the…
…As Insurers require reinsurers’ approval on pricing rise to 26 By Asishana John The Chief Executive Officer, Adeolu Adewumi-Zer, Allianz Nigeria, has announced an additional capital injection of N9.15 billion from its shareholder, Allianz Africa Holding GmBH (a legal entity…
By Asishana John Guinea Insurance PLC has recorded N1.08bn gross premium written (GPW) in the 2020 financial year. The Chairman of the company, Ugochukwu Godson, said at the 63rd yearly general meeting, which was held virtually, that the firm recorded…
By Asishana John The National Pension Commission has said that only 24,084 employers have pension accounts and insurance covers for their employees as of the end of September 23. PenCom said this in its report titled ‘Schedule of employers issued with…
