NHIA reports 18.7 million Nigerians now covered by health insurance, surpassing targets by 11%. Director-General Dr. Kelechi Ohiri highlights progress and challenges, emphasizing NHIA’s commitment to achieving universal health coverage.
Yetunde Ilori outlines her ambitious agenda as the incoming President of CIIN, focusing on Education, Professionalism, Institutional Recognition, and Capacity Building (EPIC). She aims to elevate CIIN into a premier Business School for the insurance sector, emphasizing collaboration and innovation.
LASU’s Actuarial Science and Insurance Students’ Association (ASISA) hosted its first Insurance Awareness Day, featuring a campus walk and highlighting insurance’s importance, sponsored by Veritas Kapital Assurance and other industry leaders.
President Bola Tinubu appoints new heads for key Nigerian regulatory bodies, including the CCT, PenCom, ICRC, and NSITF, pending Senate confirmation.
AIICO Insurance Plc surpasses N200 billion in claims payments over five years, demonstrating strong commitment to customer satisfaction and financial security. The milestone underscores AIICO’s excellence in claims management and future plans for enhanced efficiency.
Sovereign Trust Insurance Plc announces its annual Table Tennis Tournament at Ikoyi Club 1938, starting July 15, 2024. The event promotes sportsmanship, community bonding, and showcases competitive talent, supported by STI’s commitment to corporate social responsibility and sports development.
Universal Insurance Plc aims for a N20 billion premium income in 2024, showing strong growth despite challenges, as highlighted by MD Ben Ujoatuonu at NAIPE’s AGM, emphasizing stakeholder relations and service excellence.
Update on a crucial closed-door meeting at the National Assembly Complex in Abuja. Stakeholders are discussing the Insurance Consolidated Bill 2024, previously known as the Insurance (Consolidated) Bill 2020, focusing on issues that led to its rejection and strategizing for its successful passage.
NAICOM has promoted Rasaaq Salami to Director of Human Resources & Administration and restructured its organization to enhance efficiency. This includes new directorates focused on key areas like innovation, legal, and finance.
Cornerstone Insurance Plc achieved significant revenue growth, reaching N17 billion in 2023 under new MD/CEO Stephen Alangbo. The company also won the AIO’s Insurance Company of the Year 2024 award.
This article explains the differences between insurance brokers and agents, highlighting their roles, responsibilities, and loyalties. It outlines how brokers represent clients with access to multiple insurers, while agents represent insurance companies. The article also covers regulation by NAICOM, choosing between the two, and their respective benefits.
NCRIB has launched a market awareness campaign to increase insurance adoption among artisans, commercial transporters, and market traders, particularly to protect against fire and burglary incidents.
Send forth ceremony celebrating Olusegun Omosehin and Yetunde Ilori for their contributions to the Nigerian Insurers Association (NIA), highlighting their leadership and future roles.
NAICOM directs African Alliance Insurance Plc to expedite claim settlements following increased grievances. The company’s Board must prioritise outstanding payments and submit a turnaround plan or face further regulatory actions.
Agboola Pius emphasized that high costs hinder insurance penetration in Nigeria, highlighting the need for incentives and reduced operational costs to encourage brokers to operate in rural areas.
African Alliance Insurance Plc paid over N43.4 billion in claims under Dr. Joyce Ojemudia’s leadership, significantly improving financial health and operational efficiency through strategic initiatives.
This article is a comprehensive guide for startups and new businesses, highlighting the importance of insurance, the types needed, and tips for choosing the right policies. It emphasizes risk mitigation, legal compliance, and business continuity, offering practical advice for securing adequate coverage and ensuring long-term success.
This article explains the advantages of endowment insurance, highlighting its combination of savings and life coverage. It details benefits such as financial security, savings discipline, maturity benefits, tax advantages, loan facilities, low-risk investment, and customizable terms, emphasizing how endowment insurance can secure one’s financial future and protect loved ones.
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