Archives for INSURANCE - Page 108
NAICOM, Operators Set To Review Third Party Motor Insurance
NAICOM logo By Ngozi Onyeakusi---The National Insurance Commission (NAICOM) and insurance operators have aggreed to review upward the current N5,000 premium paid by third party motor insurance. This decision was…
Universal Insurance posts N637.9m profit in 2020
Universal Insurance Plc has released its audited financial statement for the year ended December 31, 2020 with 82% increase in group gross premium written to billion from billion in 2019.…
LAW UNION & ROCK INSURANCE NOW TANGERINE GENERAL INSURANCE LIMITED
By Ngozi Onyeakusi--- Law Union and Rock Insurance Limited has announced a name change to Tangerine General Insurance Limited. This development was in line with earlier acquisition of the 100…
Re/insurers should reorient their thinking to become even more data led: Swiss Re’s Ian Haycock
Luke Gallin --- With advancements in technology enabling carriers to leverage data in a more meaningful way, the insurance and reinsurance industry has an opportunity to refocus its thinking, derive…
Alliance and General (A&G) Insurance Unveils Three-Point Growth Agenda
pays N25million in claims settlement. Mr. Abiola Ajibowo, Managing Director/Chief Executive Officer Alliance and General (A&G) Insurance PLC, Nigeria’s forward-looking insurance company, has maintained that its first…
Niger Insurance Pays N1.15bn Claims To Policyholders Between 2020 Till Date
By Ngozi Onyeakusi--- Niger Insurance Plc. has settled claims to the tune of billion to its esteemed policyholers between 2020 till date. The company said it is equally working on…
Sunu Assurance announces resignations of CFO, Company Secretary
Sunu Assurances Nigeria Plc. has announced the resignation of its Chief Financial Officer, Mr Akeem Adamson and Company Secretary, Head of Legal and Chief Compliance Officer, Mr John Akujieze from…
Sovereign Trust Insurance Targets N1.27b pretax profit for Q4 2021
Soyika, MD, STI By Ngozi Onyeakusi--- overeign Trust Insurance Plc, one of the frontline underwriting firms in Nigeria’s insurance sector has released its profit forecast for the fourth quarter 2021…
Inflation to “sharply increase” hurricane claims costs, warns Swiss Re
By Steve Evans ----- Inflation is driving prices higher and while the insurance and reinsurance industry may have been hoping that claims inflation from litigious claims could be close to…
Cyber industry loss ratio at record-high 67% in 2020: Aon
By Matt Sheehan --- A new report on the US cyber market by re/insurance broker Aon shows that the overall industry loss ratio jumped up by percentage points last year…
