By Esther Agbo The third instalment of Insurance Meets Tech (IMT), a premier insurtech and insurance conference in West Africa, will take place on Friday, September 27, 2024, at the Balmoral Event Center in Victoria Island, Lagos, Nigeria. Organised by…
By Esther Agbo Leadway Assurance, a leading insurance provider in Nigeria, has announced a strategic partnership with Octamile, a top digital insurance management solutions company in Africa, to introduce PayCover. PayCover aims to simplify the payment process, improve cash flow…
By Esther Agbo AIICO Insurance Plc has reaffirmed its commitment to fostering a healthy community and potentially saving lives. As part of this commitment, the company’s employees donated blood to the Lagos State Blood Bank in celebration of World Blood…
By Esther Agbo The Nigerian Council of Registered Insurance Brokers (NCRIB) has congratulated Barrister Mrs. Laide Osijo, the Council’s first female President, on her recent appointment as a Council Member of the Federal University of Dutsin-Ma in Katsina State. Osijo’s…
…Microinsurance products receive boost By Esther Agbo As Nigeria navigates through the first year of Tinubu’s administration, various sectors have experienced shifts and transformations. Among them, the insurance industry stands as a critical yet often overlooked sector that plays a…
By Esther Agbo The National Insurance Commission (NAICOM) has unveiled plans to increase the number of insurance agents in Nigeria to boost insurance penetration, which in 2022 industry survey by Augusto and Co, stands at less than 1 percent, one…
By Esther Agbo The Nigerian Deposit Insurance Commission (NDIC) has begun the liquidation process of failed Heritage Bank, with verification and payment of deposits to the bank’s customers. This is happening after its appointment as liquidator of the Bank, by…
The Commissioner For Insurance, Mr Sunday Thomas, says recent efforts by NAICOM to review status of claims in the books of insurance companies and findings during onsite examination, reveals worrisome number of outstanding claims. The commissioner also charged Boards of…
The National Insurance Commission (NAICOM) on Friday warned insurance operators against dealing with unlicensed brokers and agents to facilitate insurance businesses. Mrs Ebelechukwu Nwachukwu, Chairman, Sub-Committee on Publicity of the Insurers Committee,said this while briefing newsmen on the outcome of…
By Matthew Denis The Chairman of Heirs Holding Group and United Bank of Africa (UBA), Chief Tony Elumelu has proposed an increment for the capital base of Life Insurance companies to N20billion and that of Non Life Insurance to N30billion.…
