Insurance Archives — Page 2 of 4

December 3, 2022 No Responses

Coscharis Motors, AIICO, Tangerine, Seal Auto Insurance Partnership

Coscharis Motors has signed a Memorandum of Understanding (MoU) with AIICO Insurance Plc and Tangerine Life as part of measures to incorporate insurance into its automobile sales. Speaking at a joint news conference in Lagos, General Manager, Marketing and Corporate...

November 9, 2022 No Responses

NDIC Invites Depositors Of Liquidated Banks For Verification, Claims Settlement

The Managing Director, Nigeria Deposit Insurance Corporation (NDIC), Mr Bello Hassan, has asked depositors, creditors and shareholders of 20 liquidated banks to avail themselves of its verification platforms to claim their funds. Hassan, who made the cal...

October 27, 2022 No Responses

Heirs Insurance Firms Record N14.8b Premium In Q3

Heirs Insurance Ltd. (HIL) and Heirs Life Assurance (HLA) have generated a total of N14.8 billion Gross Written Premium (GWP) in the third quarter. Mr Niyi Onifade, Managing Director, Heirs Life Assurance, said this at a press briefing on Wednesday...

October 9, 2022 No Responses

Customers Laud AIICO Insurance’s Annuity Policy

Annuity policyholders of AIICO Insurance Plc, have lauded the company for its excellent and satisfactory services. In a statement issued on Saturday, the company’s spokesman, Mr Segun Olalandu, explained that the underwriter marked the 2022 Customer Servic...

October 8, 2022 No Responses

Insurance Industry’s Assets Hit N2.3trillion In Q2

Nigeria’s insurance industry’s total assets grew to about N2.3 trillion in the second quarter of 2022, indicating an increased growth rate of 11.9 per cent over the first quarter. The National Insurance Commission (NAICOM) made this known on Friday i...

August 7, 2022 No Responses

AIICO Insurance Declares N45.5b Gross Premium In Six Months

For the first half of 2022, AIICO Insurance Plc has declared Gross Written Premium (GWP) of N45.5 billion. The company’s unaudited report showed that the GWP increased by 21.4 per cent compared with the N37.481billion recorded in the corresponding peri...

July 1, 2022 No Responses

Heirs Insurance Sponsors $30,000 Tony Elumelu Storytellers Fund

Africa No Filter, a donor collaborative working to transform stereotypical narratives of Africa has launched the Tony Elumelu Storytellers Fund of $30,000 sponsored by Hiers Insurance and Hiers Life Assurance for journalists and artistes. A statemen...

June 12, 2022 No Responses

NDIC Reiterates Commitment To Financial Stability

Managing Director, Nigeria Deposit Insurance Corporation (NDIC), Mr Bello Hassan, has said the corporation would continue to monitor the banking sector to address challenges it might be facing. Hassan said this at a retreat for members of the Senate...

May 21, 2022 No Responses

FG Tasks NAICOM On Prompt Claims Payment

The Federal Government has called on the National Insurance Commission (NAICOM) to put in place measures that will ensure insurance companies meet their obligations to policyholders by paying claims promptly. Dr Zainab Ahmed, the Minister of Finance, Bud...

May 5, 2022 No Responses

AIICO Partners HACEY Health Initiative , To Tackle Malaria In Vulnerable Communities

To mark the 2022 World Malaria Day, AIICO Insurance Plc recently partnered HACEY Health Initiative. In a statement on Thursday, Head, Strategic Marketing and Communications, AIICO, Mr Segun Olalandu, explained that the partnership was c...

February 9, 2022 No Responses

Insurance Industry Generates N508b Premium In 2021, Pays N224b Claims

The Chairman, Nigerian Insurers Association (NIA), Mr Ganiyu Musa, on Tuesday said the insurance industry generated N508 billion Gross Premium in 2021, out of which N224 billion was paid as claims. Musa, who said this at a news briefing in...

October 23, 2021 No Responses

AIICO Insurance Director Resigns

By Moses Ebosele, ebosele@hotmail.com — The Executive Director of AIICO Insurance Plc in charge of Retail Business, Mr. Olusola Ajayi has resigned from the Board of the Company. A notice sent to the Nigerian Exchange (NGX)...

September 21, 2021 No Responses

AIICO Insurance Unveils One-Stop Mobile Application

AIICO Insurance Plc has launched a one-stop mobile application ‘AIICO Express’ for easy distribution of its products and services, for agents to serve customers better and faster. Mr Segun Olalandu, Head, Strategic Marketing and Communications, in a ...

August 24, 2021 No Responses

AIICO Insurance Unveils Artificial Intelligence Powered WhatsApp Service

AIICO Insurance Plc on Monday said it had launched an Artificial Intelligence (AI) powered service via the WhatsApp platform called ELLA, to improve service delivery. Head, Strategic Marketing and Communications of the firm, Mr Segun Olalandu, announced ...