The Board of Directors of AIICO Insurance Plc has pursuant to the powers vested in it by the provisions of section 426 of the Companies and Allied Matters Act (CAMA 2020) of Nigeria proposed a final dividend of 3 kobo…
The National Insurance Commission (NAICOM) and Insurance operators have decided to publish all outstanding claims in Nigerian newspapers. This development came to light during a press briefing after the 14th Insurers’ Committee meeting held in Lagos while the Head of…
The Pension Funds Administrators reduced the funds under the Contributory Pension Scheme that was invested in fixed deposits and bank acceptance to N1.6trillion in February. This was as the total funds under the scheme hit N15.49trillion in the period under…
By Olumide David Afrexim Bank Insurance Management Company (AFREXInsure) – a subsidiary of African Export – Import Bank (AfreximBank) of African Export-Import Bank (Afreximbank) – has secured its first insurance policy, facilitating the issuance of construction insurance cover to Oman Shapoorji…
The National Pension Commission (PenCom) has approved the withdrawal of over N1.72 trillion for Pension Fund Administrators to pay Retirement Savings Account (RSA) holders from inception to 31st December 2022. According to PenCom in its 2022 4th quarter report, retirees…
Leadway Assurance Limited, stated in its 2022 financial year, records a total premium collection of N104.4 billion of which Gross Written Premium (GWP) was N92.5 billion; N10.8 billion from its Savings & Investment subsidiary and another N1.1 billion from its…
Insurance Industry paid claims worth N318.2billion in the fourth quarter of 2022, representing a 31.2 per cent growth. According to Statistic Department Quarterly Report Of the Insurance Market Fourth Quarter, 2022 released by the regulatory body of the industry, National Insurance…
Some experts in the insurance industry have commended the consistent increase in gross income and settlement of claims by insurance companies. Some of the experts who spoke to journalists in Abuja during the week attributed the successes to improved policyholders’…
By Olumide David Mutual Benefits Assurance has appointed Alhaji Lateef Akande Bakare, Mrs. Wunmi Eniola-Jegede and Mr. Joseph Oladokun as Directors. This was made in a disclosure to the Nigerian Exchange Limited, shareholders and the publics. It was further stated by…
By Olumide David The Chartered Insurance Institute of Nigeria, president, Mr. Edwin Igbiti, along with, Mrs. Yetunde Ilori decorated the new ambassador of insurance 2023/2024, Amb. Aderonke Faidat, a Staff of Linkage Assurance Plc, Winner of the nite and CIIN…
