Category: Insurance

Wapic Insurance Unveils 15% Premium Rebates For Health Workers
May 4, 2020 No Responses

Wapic Insurance Unveils 15% Premium Rebates For Health Workers

Following it’s recent announcement giving premium refunds to customers with active motor vehicle policies during the lockdown period, Wapic Insurance, one of Nigeria’s leading underwriters, has gone further to offer health workers across Nigeria a 15% discount on new policies...
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Mutual Benefits Assurance Pays N399m Claims Amidst Lockdown
May 4, 2020 No Responses

Mutual Benefits Assurance Pays N399m Claims Amidst Lockdown

Mutual Benefits Assurance Plc on Monday said it had paid claims of over N399 million to  customers across its businesses amidst COVID-19 lockdown. The company made the disclosure in Lagos  in a statement by Ellen Offo, its Head of Corporate...
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FBN Holdings Explains Divestment From FBN Insurance
April 15, 2020 No Responses

FBN Holdings Explains Divestment From FBN Insurance

FBN Holdings Plc has notified the Nigerian Stock Exchange (NSE) of on-going discussions with its partner Sanlam Emerging Markets to divest 65 per cent equity in FBN Insurance (FBNI) Ltd.The company stated this in a notice sent to the Exchange...
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COVID-19: Prudential Zenith Life Insurance Unveils Additional Benefits For Customers
April 6, 2020 No Responses

COVID-19: Prudential Zenith Life Insurance Unveils Additional Benefits For Customers

Following the launch of its Coronavirus (COVID-19) initiative, Prudential Zenith Life Insurance has announced some additional benefits designed to address the negative impact of the Coronavirus (COVID-19) pandemic, which has claimed thousands of lives globally...
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Prudential Zenith Life Insurance Rolls Out COVID–19 Services
March 31, 2020 No Responses

Prudential Zenith Life Insurance Rolls Out COVID–19 Services

In the face of the coronavirus pandemic and the resulting lockdown, Prudential Zenith Life Insurance is rolling out a range of services to help customers cope with the lockdown.The new services include a range of additional COVID-19 insurance cover enhancement...
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Kia To Unveil Eleven Electric Vehicles, Deploys $25b
January 27, 2020 No Responses

Kia To Unveil Eleven Electric Vehicles, Deploys $25b

As part of ongoing expansion agenda, Kia Motors has revealed its long term strategy called ‘Plan S’ under which it aims to spearhead the global transition to electric vehicles and mobility solutions by 2025.Under this plan, the South Korean automak...
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1,620 Workers To Retire In Lagos
November 7, 2019 No Responses

1,620 Workers To Retire In Lagos

The Lagos State Pension Commission (LASPEC) on Thursday said a total of 1, 620 staff of the Lagos State Public Service and Parastatals were expected to retire in the first half of 2020.Mrs Folashade Onanuga, Director-General, LASPEC, disclosed this at...
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Cornerstone Insurance: Only 2.5m of 12m Vehicles In Nigeria Have Genuine Insurance Cover
November 4, 2019 No Responses

Cornerstone Insurance: Only 2.5m of 12m Vehicles In Nigeria Have Genuine Insurance Cover

Out of 12 million registered vehicles in Nigeria, only 2.5 million have genuine insurance cover, Ikeja branch manager of Cornerstone Insurance plc, Pelumi Akindumusire has said.In a chat with motoring journalists,  Akindumusire explained that most  m...
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Insurance Sector Life Annuity Fund Portfolio Hits N323b
October 6, 2019 No Responses

Insurance Sector Life Annuity Fund Portfolio Hits N323b

The Insurance sector life annuity fund portfolio stood at about N323 billion at the end of the second quarter of 2019. The information was made available by Mr Rasaq Salami, Head, Commissioner for Insurance Directorate of the National Insurance Commission...
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Fajemirokun Resumes As AIICO Insurance New Managing Director
August 16, 2019 No Responses

Fajemirokun Resumes As AIICO Insurance New Managing Director

AIICO Insurance Plc appointed Babatunde Fajemirokun as its new Managing Director. In a notice to the Nigeria Stock Exchange (NSE), the company explained that the appointment takes immediate effect.  In the notice signed by the company secretary, Donald Ka...
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NLNG, Rivers, Bonny Inaugurate Health Insurance Scheme
August 2, 2019 No Responses

NLNG, Rivers, Bonny Inaugurate Health Insurance Scheme

Nigeria LNG Limited (NLNG), Rivers State Government and Grand Bonny Kingdom on Thursday  inaugurated the Governing Board of the Bonny Community Health Insurance Programme, kicking off a scheme to ease financingand access to quality health care in Bonny Ki...
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Firm unveils N14.5m Insurance cover for Journalists
January 6, 2017 2 Responses

Firm unveils N14.5m Insurance cover for Journalists

FBN Insurance Limited has provided a Group Family Shield cover valued at N14.5m for the members of the National Association of Insurance and Pension Correspondents (NAIPCO). Speaking during official presentation of the policy certificate to the leadership of N...
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Remove health insurance funds from TSA, Labour tells Buhari
December 20, 2016 No Responses

Remove health insurance funds from TSA, Labour tells Buhari

Worried that billions of naira meant for the running of the National Health Insurance Scheme (NHIS) has been diverted to the Treasury Single Account (TSA), Organised Labour under the auspices of the Trade Union Congress of Nigeria (TUC) has urged...
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December 7, 2015 No Responses

NAICOM delists 108 insurance brokers

The National Insurance Commission has removes 108 insurance brokers, out of the list of 421 licensed practitioners operating in the country, for failing to renew their licences. Sources from NAICOM told The Punch that the affected brokers had been operating...
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