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Insurance and You

STI pays out over N386m as claims

Sovereign Trust Insurance Plc, STI, has said that it paid out over N386.9 million as claims in the first quarter of the year. In a statement, the company noted that the move is part of efforts to demonstrate avowed commitment towards prompt claims settlement.

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NCRIB MEMBERS EVENING: From left: Deputy President, Nigerian Council of Registered Insurance Brokers (NCRIB), Mr.  Ayodapo Shoderu; President, NCRIB, Laide Osijo and Group Managing Director, Cornerstone Insurance Plc, Mr. Ganiyu Musa at the August 2013 edition of NCRIB Members’ Evening, hosted by Cornerstone Insurance Plc, in Lagos.

NAICOM warns brokers to stop illegal alliances with state govts

THE National Insurance Commission, NAICOM, has warned brokers’ that are into some form of arrangements with various state governments whereby insurance policies are being offered to unsuspecting public to desist from such acts. Commissioner for Insurance, Mohammed Kari, who gave the warning during the 2016 annual chief executive officers retreat of the Nigerian Council of Registered Insurance Brokers (NCRIB) in Osun State, said that such acts are illegal.

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Protest looms in NAICOM as mgt allegedly reneges on agreement

The last may not have been heard of the battle between the executive management of the National Insurance Commission (NAICOM) and the Commission’s staff under the Amalgamated Union of Public Corporations, Civil Service Technical and Recreational Service Employees (AUPCTRE) as the insurance regulator is alleged to have reneged on some of the contending issues agreed upon by both parties.

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