By Asishana John NICON Insurance Limited has refuted recent media reports which alleged that the company has been summoned by the Senate over failure to remit N17.4billion to the Pension Transitional Arrangement Directorate (PTAD). NICON in a statement said it…
By Asishana John Fitch Ratings has said as underwriter reported substantially higher segment claims losses in 2020 compared to the years before, property and casualty insurers that write cyber coverage face increasing profit pressure, especially with increasing premium rate and…
By Asishana John Some experts in the insurance industry have commended the National Insurance Commission (NAICOM) for the cancellation of the operational license of UNIC Insurance Plc. The insurance experts, who spoke in Abuja on Wednesday, said the commission acted…
By Asishana John Great Nigeria Insurance Plc (GNI) said it paid a total of N501.6 million claims in the first quarter of this year. Great Nigeria Insurance spokesperson and corporate communications/brand manager, Oyinkansola Sobande, in a statement on the total…
By Asishana John A total of 44 companies dominated by insurance firms alongside other companies – listed on the Nigerian Exchange Limited (NGX) may be penalized for not filing their 2020 audited financial statement by the due date of March…
An Insurance Undertaker in Benin, Mr Tella Adekunle, has identified shop owners insurance and micro credit insurance as products to help secure Micro Small and Medium Enterprises (MSMEs) in the country. Adekunle made the disclosure in an interview with journalists…
The National Insurance Commission (NAICOM) on Wednesday announced the cancellation of the operational licence issued to UNIC Insurance Plc. The operational licence – RIC 043, was revoked with effect from March 25. The commission made the announcement in a notice…
In line with its vision targeted at leading insurance company and non-banking financial solutions provider in Nigeria, Leadway Assurance is adding value to clients and other stakeholders in an efficient and reliable manner in the industry through its various programmes…
