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.…
The Yobe state government through the Commissioner of Housing and Urban Development, Arch. Ahmed Buba Abba has tasked the National Insurance Commission (NAICOM) to formulate policies and Programmes that will make the insurance sector attractive to Nigerians. The Honourable Commissioner…
The Commissioner of Insurance and Chief Executive Officer of National Insurance Commission (NAICOM), Olorundare Sunday Thomas has disclosed that the total assets of the insurance sector grew at an average of 12 percent from an asset base of N827.5 Billion…
Some financial experts have charged operators in the insurance and pension industries to adopt more creative and innovative ways in their business approaches. They gave the advice at the 8th annual national conference of the Nigerian Association of Insurance and…
