Insurance Archives

Why insurance sector needs repositioning - FG

Why West Africa’s insurance sector needs upgrade – Finance Minister

Nigeria’s Minister of Finance, Dr. Zainab Ahmed, has urged insurance stakeholders in West Africa to update their operations in order to take advantage of the African Continental Free Trade Agreement and expedite intra-African trade. According to Nairametrics, the Minister made this announcement on Monday during the “Repositioning Insurance Industry in West Africa for Global Competitiveness” […]

bfatoyepdnlimited-com
9th May 2023
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the Commissioner for Insurance, Mr. Sunday Thomas

Business

Insurance claims hit N1.5tn with increased awareness

Insurance industry statistics has revealed that Nigerian underwriting companies have paid N1.5tn claims to their customers over a six-year period. The National Insurance Commission reports that claims paid by underwriters have increased with intensified awareness and premiums. Industry experts say prompt claims settlement is the most significant promotion needed to encourage insurance […]

oojopdnlimited-com
24th April 2023
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Insurance

Why stakeholders must create sustainable insurance policy

Vanessa Anetoh The Institute of Loss Adjusters of Nigeria has stressed the need for stakeholders to develop sustainable insurance policies in Nigeria’s risk industry. This was disclosed over the weekend at the ILAN’s 13th president’s investiture in Lagos State. Guardian reported that the approach aims to equip industry players with the necessary tools to […]

bfatoyepdnlimited-com
28th March 2023
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163 Views

At least 20 companies have been forced to pay approximately N211.5 million in accumulated interest charges on unremitted pensions of their employees in the second quarter of 2022.

Insurance News

Pension remittances: 20 firms default, pay N211.5m penalty

At least 20 companies have been forced to pay approximately N211.5 million in accumulated interest charges on unremitted pensions of their employees in the second quarter of 2022. According to The Nation, this is a 28.4% decrease from the N295.5 million in similar charges paid by employers in the first quarter of 2022. However, in […]

oamudipepdnlimited-com
20th September 2022
1 Comment
180 Views

News

Companies insure top executives against kidnapping

Some companies, especially multinationals in Nigeria, are obtaining insurance for their top executives in case they are taken hostage as kidnappings soar in the country. A report by SBM Intelligence revealed that an average of 13 people were kidnapped in Nigeria every day in the first half of 2021. Business Day reported that as of […]

oamudipepdnlimited-com
4th July 2022
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150 Views

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Tag: Insurance

Why West Africa’s insurance sector needs upgrade – Finance Minister

Insurance claims hit N1.5tn with increased awareness

Why stakeholders must create sustainable insurance policy

Pension remittances: 20 firms default, pay N211.5m penalty

Companies insure top executives against kidnapping

No oil exports until further notice – Iran

Comedian Acapella slams ₦78,000 airport parking fee as.

Trump waives oil sanctions to slash global prices.

JAMB: CBT centres decry ₦700 fee as inadequate.

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