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 sanction insurance firms for non-implementation of corporate governance guidelines
The National Insurance Commission (NAICOM) has said that it will sanction insurance companies that fail to implement the corporate governance guidelines which became effective this month. Speaking to Vanguard on the sidelines of the 2021 annual seminar for insurance journalists in Lagos, Commissioner for Insurance, Mr. Sunday Thomas said that the absence of sound corporate […]
NAICOM unveils strategic plans to boost public trust
The National Insurance Commission (NAICOM) has unveiled its 2021-2023 strategic plans for efficient service delivery, protection of trust, and confidence in the industry. NAICOM Head, Corporate Strategy and Special Duties Department, Mr Usman Jankara, announced the plan while delivering a lecture at the annual seminar for insurance journalists in Lagos on Friday. The theme of […]
Insurance experts seek policies to grow real sector
Experts in the insurance and pension sectors have called for policies that will facilitate the investment of insurance and pension funds in sectors such as manufacturing, agriculture and aviation.
IEI-Anchor Pensions grows AuM by over 18%
IEI-Anchor Pension Managers Limited said that it’s Asset under Management (AuM) rose by 18.6 percent to N109 billion in the 2019 financial year, from N92.9 billion in 2018 financial year.
Digital platform to eliminate fake insurance certificates underway
By Rosemary Onuoha INSURANCE The National Insurance Com-mission (NAICOM) said that it is intensifying efforts to eliminate fake insurance certificates in the country. Consequently, a real-time digital platform to aid the process is in the works. The Commissioner for Insurance and Chief Executive, NAICOM, Mr. Sunday Thomas, who disclosed this, noted that the portal, which […]
Old Mutual supports LASG remote learning drive in communities
By Cynthia Alo In response to the COVID-19 inspired shutdown of schools in Lagos State, the Nigerian subsidiary of the pan-African insurance firm, Old Mutual Limited, has partnered the Lagos State Ministry of Education to promote remote learning for students in less underprivileged communities. In a statement made available to Vanguard, it was learnt that […]
Anchor Insurance grows premium to over N4bn
Anchor Insurance Company Limited said that it recorded a gross premium written of N4.2 billion for the 2019 financial year.
Mutual Benefits grows GWP by 18 per cent
Mutual Benefits Assurance Plc has recorded an 18 per cent growth in Gross Written Premium for the 2019 financial year at N18.7 billion from N15.8 billion in 2018. The company stated that the performance was driven by a significant 41 per cent growth in its life business which stood at N8.5 billion in 2019 from […]
Insurance sector can be successful despite COVID-19 ― Oyegunle
The new President of the Chartered Insurance Institute of Nigeria, CIIN, Mr Muftau Oyegunle has said that despite the ravaging effects of the COVID-19 pandemic, the insurance sector can achieve greater successes if professionalism and ethics are reinforced in reaction to the new order. Oyegunle stated this on the occasion of his Investiture as the […]
