Insurance Archives — Page 4 of 5

August 22, 2020 No Responses

FBN Insurance Unveils Payment Channels

FBN Insurance Limited has launched new digital platforms that enable its customers to pay their premiums timely with ease amidst the social distancing order. Chief Executive Officer, Val Ojumah, in a statement, explained that the company’s payment channels were upgraded...

May 19, 2020 No Responses

Zenith General Insurance Declares N3.06b Profit For 2019

Zenith General Insurance Limited has released its full-year financial statements for the year ended 31 December 2019. A review of the results showed positive improvements on a year-on-year basis with profit before tax rising by 16% from N3.16bn to N3.67bn...

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% disc...

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...

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...

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...

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...

December 11, 2019 No Responses

Recapitalisation, Technology, Take Centre Stage As Insurance Experts Brainstorm In Lagos

By Moses Ebosele, ebosele@hotmail.com Recapitalisation took the centre stage on Wednesday as Insurance experts and other stakeholders gathered in Lagos to chart the way forward. The event put together by the Nigerian Stock Exchange (NSE) was titled...

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...

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...

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...

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...

June 29, 2019 No Responses

Sunu Assurances Boss Lauds New Capital Base Requirement For Insurance Sector

The Managing Director, Sunu Assurances Nigeria Plc, Mr Samuel Ogbodu, has commended the National Insurance Commission (NAICOM) for increasing the capital base of various categories of players in the industry. According to Ogbodu, the proposal is ex...

August 30, 2017 No Responses

Lagos to enforce compulsory insurance scheme

The Lagos State Government wants effective enforcement of Compulsory Insurance Scheme (CIS) in its territory to mitigate risks resulting from violation of insurance regulations in various sectors. Already, the state has constituted an enforcement team to ta...