Archives for INSURANCE - Page 78
Photo: NAICOM & Fed. Fire Service Kick Off Compulsory Public Building Insurance
The National Insurance Commission and the Federal Fire Service have resolved to commence the enforcement of compulsory public building liability insurance in earnest across the country. This was part of…
Leadway Assurance Harps on need to mitigate cyber risks
By Ngozi Onyeakusi--- Corporate entities, institutions, religious organizations and individuals have been urged to provide necessary measures to protect their database and computer networks from attacks by hackers. Speaking recently…
Insurers need to increase reinsurance process efficiency: Sequel
By Matt Sheehan---- Analysts at Sequel have argued that insurers need to rethink their “highly inefficient approach” to reinsurance buying, alongside the release of the latest version of the Sequel Re…
Insured property asset growth outpaces GDP, despite pandemic: PERILS
By STEVE EVANS--- Insured property asset values continues to expand at a rate generally faster than GDP growth despite the effects of the pandemic and the recessions it has caused around…
Great Nigeria Insurance Stays Committed To Claims Settlement: Pays N501 Million In Q1 Of 2021
Cecilia Osipitan, MD/CEO GNI By Ngozi Onyeakusi------ Great Nigeria Insurance Plc, has continued to affirm its willingness and capacity to honour all genuine claims as and when due. The…
AIICO Distances Self From Claims of Non-Remittance of Pension Assets to PTAD
Babatunde Fajemirokun, MD/CEO, AIICO The attention of the Management of AIICO Insurance Plc. has been drawn to a recent report in the media on allegations of non-remittance of pension assets…
Insurance of the fiture must be customer friendly— Leadway
Leadway Assurance Logo By Ngozi Onyeakusi---- Insurance companies that want to remain relevant in the nearest future must conciously create digital channels that are customer friendly, customer-centric and always make…
NAIC Settles N1.7bn Claims to Farmers
The Nigerian Agricultural Insurance Corporation (NAIC) said it paid a total of billion claims to over 5,000 farmers in the past two years. NAIC, which is the only federal government…
Global reinsurance capital up 7% to $658bn in 2020: Willis Re
By Charlie Wood ----- Strong investment market appreciation helped global reinsurance industry capital grow 7% to $658 billion at year-end 2020, according a new report from Willis Re. While new…
SOVEREIGN TRUST INSURANCE GROWS PROFIT AFTER TAX BY 37% IN 2020
Soyika, MD, STI By Ngozi Onyeakusi---- In spite of the challenging operating environment that characterized operations of most businesses in the country in 2020 which was largely due to the…