Insurers Engage States in Fight against Fake Motor Insurance
Insurance operators have opened discussions with five state governments to ensure that motorists get their insurance policy from genuine insurers. The Chairman, umbrella body of
Category : Insurance
Only 2.9 million vehicles registered by insurance firms –NIA
The Nigerian Insurers Association has said out of the estimated 13 million vehicles in Nigeria, only about 2.9 million were registered as of April 26.
#EndSARS: Insurance companies pay N4bn claims – NIA
The Nigerian Insurers Association (NIA) said insurance companies paid N4 billion as claims arising from over 2,000 businesses affected by the #EndSARS protests. Mr Ganiyu
NCRIB seeks more steps to deepen insurance penetration
The Nigeria Council of Registered Insurance Brokers (NCRIB) has called on government at all levels to take more steps to help deepen insurance penetration in
NAICOM revokes UNIC Insurance’s operational licence
The National Insurance Commission (NAICOM) on Wednesday announced the cancellation of the operational licence issued to UNIC Insurance Plc. The operational licence – RIC 043,
Sovereign Trust Insurance records N687m profit after tax in 2020
Sovereign Trust Insurance Plc on Saturday said it recorded a Profit After Tax (PAT) of N687 million in 2020, against N503 million recorded in 2019.
N747.06b claims paid in five years
Insurance firms paid N747.06 billion claims within five years to organisations and individuals who suffered losses, The Nation has learnt. A report by the Nigerian
14 insurers to pay N9.7bn #EndSARS riot claims
A total of 1,036 individuals and corporates that recorded losses during the recent #EndSARS protests across the country have lodged claims through 14 insurance companies;
Five million farmers get N800m insurance claims from FG
No fewer than five million farmers across the nation who suffered various setbacks in their farms as a result of natural disasters have been paid
NAICOM to sanction firms over unsettled claims
The National Insurance Commission (NAICOM) said it is profiling insurance companies with huge unsettled claims for necessary regulatory actions. The Commissioner for Insurance, Sunday Thomas,
