In 12 years, only 3.5m of 14m vehicles are insured
More than 10 years after the introduction of the Nigerian Insurance Industry Database (NIID) by the Nigeria Insurers Association (NIA), insurers are yet to capture
Category : Insurance
Air Peace partners AIICO Insurance to compensate air travellers
Air Peace has introduced an insurance package from AIICO Insurance Plc., to compensate unpleasant experiences of domestic travellers. A statement by Mr Segun Olalandu, Head,
Domestic airlines struggle to pay insurance premium –NAICOM
Nigerian airline operators are finding it extremely difficult to pay the premium on their assets such as aircraft and others, the Director, Policy and Regulations,
Consolidated bill and future of insurance sector
The Consolidated Insurance bill has been on the table of Nigerian lawmakers for over 12 years waiting for passage. Ebere Nwoji looks at the impact
Liquidation: Standard Alliance drags NAICOM to court
Standard Alliance Insurance Plc has dragged the insurance industry’s regulator, the National Insurance Commission, to the Federal High Court in Lagos over the cancellation of
NAICOM gives licences to new companies
After several years of not granting licences to new insurance and reinsurance companies, the National Insurance Commission (NAICOM) has given reasons it granted FBS Reinsurance,
Claims plods AXA mansard Insurance profits
With mounting gross claim expenses and increase in gross premium written, Axa Mansard Insurance Plc reported decline in profits to underline a challenging operating environment.
Anchor insurance launches local passengers’ flight welfare insurance scheme
Anchor Insurance has made provision for air passengers’ legal liabilities need through the launch of a retail travel insurance package tagged local passengers’ flight welfare
NCDMB, NAICOM unveil insurance services guidelines
The Nigerian Content Development and Monitoring Board (NCDMB) and the National Insurance Commission (NAICOM) have signed insurance services guideline which will oblige the oil and
FG targets 70% local content in insurance, unveils guidelines
The Executive Secretary, Nigerian Content Development and Monitoring Board, Simbi Wabote, has said that the agency and the National Insurance Commission’s guidelines will help to
