Insurance and You

AXA Mansard records 19% growth in GPW

AXA Mansard records 19% growth in GPW

By Rosemary Iwunze AXA Mansard Insurance Plc, a member of the AXA Group, has recorded 19 per cent Year-on-Year, YoY, growth in Gross Written Premium for the third quarter ended September 30, 2022. Speaking on the result, the Chief Financial Officer of the company, Mrs. Ngozi Ola-Israel, said, “2022 has been a challenging and dynamic […]
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Non-Claims Payment: Why we can’t revoke licence of weak insurers— NAICOM

Non-Claims Payment: Why we can’t revoke licence of weak insurers— NAICOM

The National Insurance Commission, NAICOM, has attributed its inability to revoke the operating license of illiquid (weak) insurance firms consistently defaulting in claims settlement due to the provision of the law that allows companies with assets in excess of liabilities to remain in operation.

FBN Insurance rewards retail agents

FBN Insurance rewards retail agents

FBN Insurance Limited has rewarded her outstanding financial advisors, sales managers, senior sales manager and area sales managers as part of measures to motivate its retail sales force in line with its corporate strategy.

Law Union rebrands to Tangerine General

Law Union rebrands to Tangerine General

The company stated that the development is in line with its earlier acquisition by Verod Capital Management Limited, through the Verod Capital Growth Fund III, adding that with the move, Tangerine General joins other associated companies under the Tangerine Financial Africa brand of companies.

Universal Insurance celebrates 60 years of growth

Universal Insurance celebrates 60 years of growth

Universal Insurance Plc is celebrating 60 years of operating in the Nigerian insurance industry and has rolled out the drums to that effect. Speaking at the event which was held in Lagos last week, Chairman of the event and core investor, Engr. Cyril Ajagu, narrated his encounter with the company.

Growing insecurity scaring away investors — NCRIB

Growing insecurity scaring away investors — NCRIB

By Rosemary Iwunze The Nigerian Council of Registered Insurance Brokers, NCRIB, has decried the spate of kidnappings and other forms of violent crimes in the country, lamenting that the development is scaring investors away from the country. President of the Council, Bola Onigbogi said this at the February edition of Members Evening sponsored by African […]

Growing insecurity scaring away investors  — NCRI

Growing insecurity scaring away investors — NCRI

The Nigerian Council of Registered Insurance Bro-kers, NCRIB, has decried the spate of kidnappings and other forms of violent crimes in the country, lamenting that the development is scaring investors away from the country.

Challenges, prospects of increasing access to insurance

Challenges, prospects of increasing access to insurance

By Rosemary Iwunze In 2012, the Central Bank of Nigeria, CBN, launched the National Financial Inclusion Strategy with the aim of increasing the number of adults that have access to financial services to 80 per cent by 2020. To achieve this, different targets were set for each sector of the financial system. For the Insurance […]

WAICA Re to support winner of CSR project with $100,000

WAICA Re to support winner of CSR project with $100,000

WAICA Reinsurance Corporation has promised to support the winner of its maiden edition’s annual Corporate Social Responsibility (CSR) competition project and ambassadors for 2021/2022′ with $100,000, across all its operating countries.

SUNU Assurance private placement records 100% subscription

SUNU Assurance private placement records 100% subscription

Sunu Assurances Nigeria Plc has announced a 100 percent subscription for its private placement exercise. Disclosing this in a statement, Managing Director of the company, Mr. Samuel Ogbodu said that the private placement exercise of 3,010,800,000 ordinary shares of 50 kobo each at N1.00 per share, with respect to the Private Placement Memorandum dated Monday, January 4, 2021 has been successful.

Linkage Assurance attributes growth to brokers’ support

Linkage Assurance attributes growth to brokers’ support

Linkage Assurance Plc has attributed its continuous growth and market expansion to good relationships with the insurance brokers. The company said its focus going into 2021 and beyond will be to strengthen the relationship by continuously providing efficient services and meeting claims obligations promptly.

FBN Insurance donates to less-privileged

FBN Insurance donates to less-privileged

FBN Insurance Limited has donated various items to homes and hospice in Lagos and Port Harcourt. In a statement, the company said it visited children at the Heritage Homes Orphanage (Lagos) and Rhema Orphanage Home (Port Harcourt).