insurers Archives - Vanguard News

SUNU Assurance private placement records 100% subscription

FBN Insurance donates to less-privileged

On February 23, 20213:00 pmIn Insurance and Youby Oboh

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).

Don’t shun insurance despite inflation, harsh business environment— NAICOM

Local insurers losing out on big ticket transactions, NAICOM laments

On February 17, 20211:48 pmIn Insurance and Youby Rasheed Sobowale

By Rosemary Iwunze The National Insurance Commission, NAICOM, has lamented the declining participation of local insurers in big ticket businesses such as aviation, annuity as well as oil and gas risks underwriting. Expressing this concern while speaking in Lagos at a directors’ conference, Commissioner for Insurance and Chief Executive of NAICOM, Mr Sunday Thomas, noted
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WAICA Re to support winner of CSR project with $100,000

Recapitalization: NIA seeks regulatory protection for local Insurers

On December 10, 20196:08 pmIn Business, Newsby Nwafor

As the recapitalisation of insurance sector continues, the Nigerian Insurance Association has call for enactment of laws that will protect the local insurers from complete take over by foreign players.

Insurers link petrol tanker disasters to weak insurance cover

On November 5, 20192:17 amIn Businessby Nwafor

Industry operators have linked the rising incidences of petroleum tanker accidents to the near absence of insurance services in that unit of the transport sector.

Group life: Private sector earnings sustain insurers as public sector fails

On September 2, 20196:35 amIn Business, Finance, Newsby Nwafor

FOLLOWING the failure of public sector group life business segment in their income portfolio, insurance companies may have created a bigger income stream in their group life policy in the private sector.

Insurers should take up intensive awareness on benefits of micro insurance to SMEs

On December 31, 20183:56 amIn Business, Finance, Newsby vanguard

In this interview, Head, Agric & Micro Insurance at Leadway Assurance, Mr. Ayoola Fatona suggests ways to deepen micro insurance acceptance among SMEs.

Local insurers can take up energy risks on strength of capacity — Continental Re

On November 12, 20189:52 amIn Business, Finance, Newsby vanguard

Capacity is of two fold, which are technical capacity and financial capacity.

Recapitalisation: Law Union shareholders accept new investor’s offer

Insurers jittery as Lagos State renege on policy renewal

On November 5, 20187:55 amIn Business, Finance, Newsby vanguard

THERE is apprehension among insurance practitioners over the reluctance of the Lagos State government to renew its insurance coverage for the 2017/2018 business year.

TBMSC: consumers besiege brokers for possible change of insurers

On August 27, 20184:55 amIn Business, Finance, Newsby vanguard

The Tier Based Minimum Solvency Capital, TBMSC, recently announced by the National Insurance Commission, NAICOM, is breeding apprehension among insurance consumers in the country.

Insurers to be categorized into tiers from next year

On July 26, 20182:24 amIn Businessby Nwafor

The National Insurance Commission, NAICOM, yesterday, said that as from January 2019, insurance companies in Nigeria will be categorized into Tiers as obtained in the banking sector.