Insurance

An insurance expert, Mr Ekerete Gam-Ikon says if passengers in the recently attacked Abuja-Kaduna train by terrorists are insured, there will be less burden on government and the victims’ families. Gam-Ikon made this known in an…

The governor of the Central Bank Of Nigeria (CBN), Godwin Emefiele has spoken up about the current ban of cryptocurrency in the country. Godwin Emefiele, who appeared before the Senate Joint Committee on Banking, Insurance, and other…

An insurance company, AIICO Insurance Plc, says it recorded a Gross Premium of N62.0 billion for its financial period ended Dec. 31, 2020. The insurer said this in a statement released on the floor of the Nigerian…

The Nigerian Labour Congress (NLC), says it will work with the National Association of Nigeria Nurses and Midwives (NANNM), to follow up insurance cover for health workers that died of COVID-19. President of NLC, Mr Ayuba…

Mr Muftau Oyegunle, Chairman, Governing Council, Insurance Industry Consultative Council (IICC), on Friday called for more support from the media to increase insurance penetration in Nigeria. Oyegunle, also…

The National Insurance Commission has issued licence to a reinsurance company for the first time in 35 years. The commission also issued licences to four insurance companies and two takaful insurance companies for the first…

Dr Sam Onyeka, an insurance expert has appealed to the Federal Government to establish a specialist insurance tribunal to handle cases associated with insurance in the country. Onyeka, also the Lead Director, Transparent…

 The maritime sector has the capacity to generate more than 1.6 trillion dollars annually if properly harnessed, Mr Bashir Jamoh, Director-General, Nigerian Maritime Administration and Safety Agency(NIMASA), has said. Jamoh…

The National Insurance Commission (NAICOM), has appealed to state governments to domesticate compulsory group life insurance and other insurances in their states. Mr. Sunday Thomas, the Commissioner for Insurance of NAICOM,…

The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc), has developed a Hybrid Multi-Peril Crop Indemnity-Index Insurance (HM-II). Speaking during the launch of the product in Abuja, NIRSAL’s…

Lloyd’s, the Insurance marketplace of London has said its members are set to pay out claims worth $4.3bn (£3.5bn) due to the COVID-19 outbreak. It also warned that the entire industry may stand to lose a record $200bn. Lloyd’s of London…

You can’t work because of illness. Or your wedding has to be cancelled. Or you’ve been made redundant and can’t pay the mortgage due. Or your tenant is unable to keep paying the rent. These and hundreds of other situations are often covered…

Gov Ifeanyi Ugwuanyi of Enugu State has approved Group Life/Group Personal Accident Assurance Policy for all medical doctors in the state Ministry of Health and hospitals. SEE ALSO: Senate Committee Solicits Improved Funding for Federal…

Insurance in Africa, especially Nigeria, will grow stronger in the next decades due to the demographic transition, combined with a growing insurance penetration, an insurance expert, Mr Ceonraad Vrolijk, has said. Vrolijk, who is the…

Esmeralda Aravel Flores Acosta has been arrested by the Police for leading a gang of women who reportedly murder their husbands for insurance. Police revealed that Esmeralda led a group of women who are recruited from shopping centers…

Workers in banks and insurance companies on Wednesday urged law enforcers to demand insurance documents for articulated vehicles as a strategy to develop insurance industry and ensure healthy truck on the roads. The workers made the call…