Cornerstone Insurance launches AI-powered assistant
By Rosemary Iwunze Cornerstone Insurance Plc said that its newly launched AI-powered virtual assistant called Cici will help customers make smarter decisions. Speaking at the media parley held in its head office in Victoria island, Deputy Chief Technology Officer of Cornerstone, Mr. Oluwarotimi Adediji, explained that the new digital assistant “Cici” was designed to enhance […]
NAICOM to begin annual ranking of insurance companies
The National Insurance Commission (NAICOM) says it will commence the ranking and rating of insurance companies in line with the number of claims received and settled on annual basis. The Commissioner for Insurance, Mr Sunday Thomas, said this at the 2022 retreat for financial correspondents in Uyo on Saturday. Thomas said the Commission would also […]
2021 premium income for insurance industry hits N630bn — NAICOM
The 2021 Gross Premium Income (GPI) for the insurance industry has hit N630,362.35 billion, according to the National Insurance Commission (NAICOM). Mr Rasaaq Salami, the Head, Corporate Communications and Market Development of NAICOM, stated this in Abuja, on Monday. Salami said that the 2020 GPI was N514 billion, noting that the total assets of the […]
INSURANCE: AIO picks holes in regulatory capacity against decline in penetration
Insurance industry leaders in Africa have picked holes in the regulatory capacity to deal with the declining insurance penetration in the continent.
Nigeria’s diaspora remittances may beat World Bank’s projection, rise 10% to $14.2bn
By Babajide Komolafe Nigeria’s diaspora remittances inflow is set to beat the World Bank’s projection for 2021, as it rose to $14.2 billion in the nine months ending September 2021, up 10 per cent Year-on-Year, YoY, from $12.9 billion in the corresponding period of 2020, reflecting the impact of post-COVID economic recovery measures. This is […]
Sigma Pensions projects improvement in external balance in 2022
Sigma Pensions Limited has projected that Nigeria’s external sector balance and the oil sector would rebound in 2022.
PFAs to submit marketing campaign plan on micro pension by month end
Pension Fund Administrators, PFAs, are expected to submit their 2022 marketing campaign plan on micro pension to the National Pension Commission, PenCom, by end of January 2022.
AIO president calls for unification of efforts to tackle challenges
President of the African Insurers Organisation, AIO, Mr. Tope Smart, has called on African insurance industry stakeholders to unite and address the challenges bedeviling insurance growth in the continent.
AIO calls for structured insurance market across Africa
By Rosemary Iwunze Africa Insurance Organization, AIO, has called for a structured insurance market across the continent. AIO President, Mr. Tope Smart made this call when the Executive Committee of the AIO met with the executive members of the Nigerian Insurers Association, NIA, on behalf of the Nigerian insurance market. Speaking at the meeting, Smart […]
Linkage Assurance pays N2.45bn claims in 8 months
By Rosemary Iwunze Linkage Assurance Plc has paid out N2.45 billion claims in the last eight months of 2021 to its numerous customers that suffered losses during the period under review. According to the figures made available by the Company, between January 2021 to August 2021, fire claims accounted for N869 million of the total […]
Linkage Assurance pays N2.45bn claims in 8 months
By Rosemary Iwunze Linkage Assurance Plc has paid out N2.45 billion claims in the last eight months of 2021 to its numerous customers that suffered losses during the period under review. According to the figures made available by the company, between January 2021 and August 2021, fire claims accounted for N869 million of the total […]
