Category: Insurance

Heirs Insurance Sponsors $30,000 Tony Elumelu Storytellers Fund 
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 statement issued by the underwriting firms...
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NDIC Reiterates Commitment To Financial Stability 
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...
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FG Tasks NAICOM On Prompt Claims Payment 
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...
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AIICO Partners HACEY Health Initiative , To Tackle Malaria In Vulnerable Communities
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...
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Insurance Industry Generates N508b Premium In 2021, Pays N224b Claims
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...
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AIICO Insurance Director Resigns
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)...
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AIICO Insurance Unveils One-Stop Mobile Application
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 ...
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AIICO Insurance Unveils Artificial Intelligence Powered WhatsApp Service
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 ...
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Heirs Insurance, Heirs Life Confirm Purchase Of Insurance In Five Minutes
August 4, 2021 No Responses

Heirs Insurance, Heirs Life Confirm Purchase Of Insurance In Five Minutes

Dr. Adaobi Nwakuche, Ag. MD/CEO, Heirs Insurance Limited  (Left) and Niyi Onifade, MD/CEO, Heirs Life Assurance Limited  Digital insurance companies, Heirs Insurance Limited (HIL) and Heirs Life Assurance (HLA), have confirmed that customer...
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Cornerstone Insurance Attains N17.53b Gross Premium In 2020
July 28, 2021 No Responses

Cornerstone Insurance Attains N17.53b Gross Premium In 2020

For the year ended December 31, 2020, Cornerstone Insurance Plc, attained a Gross Premium of N 17.53 billion    Addressing shareholders on Tuesday at the 29th Annual General Meeting/30th anniversary of the insurer in Lagos, chairman of the company, Mr Segun...
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Standard Alliance Insurance Demands N10b Damages From NIA
July 10, 2021 No Responses

Standard Alliance Insurance Demands N10b Damages From NIA

Standard Alliance Insurance Plc. has demanded N10 billion from Nigeria Insurance Association (NIA) as damages for loss of reputation that resulted from its purported expulsion by the association.  This is contained in a letter sent to NIA by the solicitor...
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Sovereign Trust Insurance Declares N687m Profit In 2020
April 11, 2021 No Responses

Sovereign Trust Insurance Declares N687m Profit In 2020

For the financial year 2020, Sovereign Trust Insurance Plc recorded Profit After Tax (PAT) of N687 million, against N503 million attained in 2019.  A statement issued on Saturday by Mr Olusegun Bankole, the insurer’s Deputy General Manager/Head, Sales a...
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China Takes New Foreign Investment Top Spot From US
January 25, 2021 No Responses

China Takes New Foreign Investment Top Spot From US

China has overtaken the US as the world’s top destination for new foreign direct investment, according to UN figures released on Sunday.  New investments into America from overseas companies fell by almost half last year, leading to the loss of...
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AIICO Insurance Shareholders Back N20b Share Capital
December 10, 2020 No Responses

AIICO Insurance Shareholders Back N20b Share Capital

AIICO Insurance plc on Wednesday said it had surpassed the December 2020 deadline expectations of the National Insurance Commission (NAICOM).  Managing Director /Chief Executive Officer (CEO), Mr Babatunde Fajemirokun, in a statement explained that the co...
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