Archives for INSURANCE - Page 179
Insurance industry volume of business underwritten hovers N350 bn
Insurance Industry has disclosed that volume of business underwritten by the sector within the 2015 financial year stood at N350 billion. The figure represents 19 per cent surge when compared…
Insurance business to wear a new look
Operators in the Nigerian insurance sector have taken a bold step to revamp the sector such that insurance business in country will be attractive to the younger generation. This, which…
Insurance Expert commends CBN flexible exchange rate initiative
Deputy President, Chartered Insurance institute of Nigeria CIIN Mrs. Funmi Babington-Ashaye, has commended the recent flexible exchange rate initiative introduced by the Central Bank of Nigeria CBN. Babington-Ashaye, while answering questions…
Auwalu Muktari now Royal Exchange GMD
The Board of Directors of Royal Exchange Plc, Nigeria’s leading Insurance and Asset Management Group announced the appointment of Alhaji Auwalu Muktari, as the substantive Group Managing Director, with effect from June 15, 2016. This indication was made…
NCRIB calls for 2016 budget implementation
Practicing insurance brokers in the country, under the aegis of the Nigeria Council of Registered Insurance Brokers (NCRIB) have called for speedy implementation of the 2016 national budget. This, council…
WAICA commends Nigeria on ‘No Premium No Cover’
The Outgoing President, West African Insurance Companies Association (WAICA) Mr. Ivan Avereyireh, has commended Nigeria for implementing No Premium No Cover', a policy that facilitates rapid premium generation. Avereyireh described…
Insurance Penetration: Experts urge operators on innovations
The need to promote insurance penetration took the centre stage yesterday in Lagos as experts urged insurance companies across West African region to embark on initiatives and innovations that would deepen…
NCRIB engages NAICOM over 108 delisted members
Following recent delisting of some brokers by the insurance sector apex regulatory body, the National Insurance Commission (NAICOM), the President, the Nigerian Council of Registered Insurance Brokers (NCRIB), Mr. Kayode Okunoren has expressed optimism that the…
RBS to provide assessment of insurers’ risk
As the National Insurance Commission (NAICOM) plans a successful transition of insurance industry to a Risk-based Supervision (RBS) model this month, the director inspectorate of the commission Mr. Barineka Thompson,…
Guinea Insurance names Ugochukwu as chairman
Guinea Insurance Plc has announced the appointment of Barrister Godson Ugochukwu as the chairman of the company. The company equally announced its board’s approval of appointments of Mr. Anthony Achebe,…
