Insurance Archives - The Business Intelligence

#[email protected]: Insurance companies unveil report, pay N9bn claims on deaths, property

Our Reporter October 20, 2021

by Our Reporter October 20, 202104

Insurance companies under the aegis of the Nigerian Insurers Association have paid N9bn in claims to customers who suffered losses during the public protests against

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[email protected]: How insurance industry is doing — Insurers

Meletus EZE October 2, 2021October 2, 2021

by Meletus EZE October 2, 2021October 2, 2021028

As Nigeria turns 61, the Managing Director/Chief Executive Officer (CEO) FBNInsurance Limited, Mr Val Ojumah, says the contribution of the insurance sector to the nation’s

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16 insurance firms pay N67.12bn claims in six months

Our Reporter August 7, 2021August 7, 2021

by Our Reporter August 7, 2021August 7, 2021056

The total claims paid by sixteen insurance companies in the country rose by 36.48 per cent in the first half of this year from N49.18bn

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31 states lack insurance cover for workers

Our Reporter June 20, 2021

by Our Reporter June 20, 20210150

Thirty-one states in the federation have no insurance cover in place for workers as of March, despite the provision of the requirement in the Pension

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19 Insurance firms fail PenCom compliance for CPS

Our Reporter May 18, 2021

by Our Reporter May 18, 2021090

The National Pension Commission, PenCom, has awarded compliance certificates to 39 insurance companies out of 58 operating in the sector. The fate of the remaining

Insurance

Insurers Engage States in Fight against Fake Motor Insurance

Our Reporter May 12, 2021May 12, 2021

by Our Reporter May 12, 2021May 12, 2021055

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

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Only 2.9 million vehicles registered by insurance firms –NIA

Our Reporter May 9, 2021

by Our Reporter May 9, 20210216

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.

Insurance

#EndSARS: Insurance companies pay N4bn claims – NIA

Our Reporter May 7, 2021

by Our Reporter May 7, 2021049

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

Insurance

NCRIB seeks more steps to deepen insurance penetration

Aliyu DANLADI April 29, 2021April 29, 2021

by Aliyu DANLADI April 29, 2021April 29, 2021055

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

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NAICOM revokes UNIC Insurance’s operational licence

Shile GIWA April 22, 2021April 22, 2021

by Shile GIWA April 22, 2021April 22, 2021068

The National Insurance Commission (NAICOM) on Wednesday announced the cancellation of the operational licence issued to UNIC Insurance Plc. The operational licence – RIC 043,

April 2019 Edition