GOVERNMENT will continue to be deprived of long term fund for infrastructure development, if the rate of malpractices involved in selling compulsory insurance policies is not checked, Managing Director of Standard Alliance Plc, Mr. Bode Akinboye, has said.Read More
THE Jaiz Takaful Insurance Plc has commenced operations in Nigeria with the promise that all policy holders would be paid at the end of every fiscal year either through claims or profit sharing.Read More
INSURANCE companies have jerked up premium rates for flood insurance by 50 per cent, in response to increased flooding incidences across the country.Read More
INSURANCE firms have expressed apathy to underwriting oil and gas risks thus undermining efforts by National Insurance Commission, NAICOM, to ensure that local capacity is exhausted before oil and gas risks are taken abroad.Read More
The volume of completed mergers and acquisitions (M&A) in the global insurance industry continued dropping during the first six months of 2017 to 170 deals, compared to 186 deals reported for the second half of 2016.Read More
LAGOS Chamber of Commerce & Industry (LCCI) has honoured Custodian and Allied Insurance Limited as the ‘Insurance Company of the Year’ at its annual award ceremony held in Lagos.Read More
Mrs. Funmilayo Babington-Ashaye who became 48th President and Chairman of Council of the Chartered Insurance Institute of Nigeria, CIIN, in this interview vowed to confront the lack of awareness which is the greatest challenge facing the profession and the industry.Read More
NIGER Insurance Plc has recorded Gross Premium Income (GPI) of N5.1 billion for the operating year ended December 2016.Read More
THE general notion is that insurance brokers are too many, do you agree with that?
It is wrong to say that brokers are too many. In the business of insurance, there are too many structures. There are the heavy industries like the Dangotes and the oil companies as well as the small businesses that supply to the heavy industries.
HOW did you get into insurance, was that your chosen career from the beginning?
I didn’t want to study insurance and I in fact rejected studying insurance. I wanted to go to Ahmadu Bello University because I was a very staunch Muslim student at secondary school and at HSC levels. So because of Islam, I wanted to go to ABU to study accounting and it was in the days of direct entry – before JAMB.