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Buhari Signs Agreement on African Trade Insurance

By Eric Ojo, Abuja (AFRICAN EXAMINER) – President Muhammadu Buhari has signed the instrument of accession of the agreement for the establishment of the African Trade Insurance Agency. The Agreement and the Agency are registered with the Secretariat of the United Nations in accordance with Charter of the United Nations. The agreement recognizes the fact […]

Sovereign Trust Insurance Settles N1.7bn As Claims In 2013

Kayode Adelowokan Sovereign Trust Insurance Plc has paid a sum of N1, 716,526,202.91, (one billion, seven hundred and sixteen million, five hundred and twenty six thousand, two hundred and two naira, ninety-one kobo) as claims between January and December 2013. The Underwriting Firm recently released its 2013 claims record detailing the total claims paid between […]

Brokers Are Wreaking Havoc On Our Industry —Shareholders’ Scribe

By Kayode Adelowokan, Lagos Independent Shareholders Association of Nigeria (ISAN) has said that insurance Brokers in the country have done more harm to the credibility of the industry in the time past but lauded the policy of ‘No premium, No cover’ of the National Insurance Commission (NAICOM). ISAN General Secretary, Mr. Adebayo Adeleke, said this […]

FBN Life Assurance Acquires Oasis Insurance Plc

Kayode Adelowokan, Lagos FBN Holdings Plc has announced that its subsidiary, FBN Life Assurance Limited has acquired 4,630,595,326 ordinary shares of 50kobo each representing 71.2% of the total issued ordinary share capital of Oasis Insurance Plc. Oasis Insurance Plc is a general insurance company in Nigeria, licensed to carry on non-life insurance business in Nigeria, […]

NAICOM, NLC to Partner On Group Life Insurance

As measures to deepen insurance penetration and provide adequate protection to workers in Nigeria, the National Insurance Commission (NAICOM) and the Nigeria Labour Congress (NLC) are set to collaborate on the implementation of Compulsory Group Life Insurance in Nigeria. This was disclosed recently by both parties when the Commissioner for Insurance, NAICOM, Mr. Fola Daniel, […]

Insurance Brokers Woos Market Women For Microinsurance Growth

Kayode Adelowokan, Lagos Owing to its promise in 2013, the Nigerian Council of Registered Insurance Brokers has given wings to the campaign for microinsurance awareness by taking the crusade to market women. The President of the Council, Mr. Ayodapo Shoderu, during his visit to the Iyaloja-General of Nigeria, Mrs. Folashade Tinubu-Ojo, in Lagos, said market […]

NCRIB Promises To Take Microinsurance To Grass Root

Kayode Adelowokan, Lagos Following the recent unveiling of microinsurance business in Nigeria by National Insurance Commission (NAICOM), the Nigerian Council of Registered Insurance Brokers (NCRIB) has pledged its support to giving wings to the microinsurance initiatives to reach the grass root. President of the council, Mr. Ayodapo Shoderu disclosed this on Monday during his inaugural […]

Sovereign Trust Insurance Gets Double Honors

Kayode Adelowokan, Lagos Sovereign Trust Insurance Plc has again reiterated its commitment to full compliance with operational regulations through its effective Enterprise Risk Management, ERM frame work. In recognition of the exemplary ERM framework that the organisation has put in place, Conrad Clark Nigeria Limited, an Enterprise Risk & Management Consultancy Firm recently honored Sovereign […]

Sovereign Trust Insurance Leads The Pack, Drives Operational Efficiency

Kayode Adelowokan, Lagos Following the release of the results of the 2012 Annual Report & Accounts of some of the Underwriting Firms in the country who have also held their Annual General Meetings, Sovereign Trust Insurance Plc have demonstrated that there are great prospects for the company in the years ahead. The company said of […]

Chartered Insurance Institute of Nigeria Gets New DG

Kayode Adelowokan, Lagos The Chartered Insurance Institute of Nigeria (CIIN) has announced Mr. Kolawole Raheem Ahmed, as the new Director General for the institute following the retirement of the erstwhile Director General, Mr. Adegboyega Adepegba. CIIN told African Examiner that prior to his appointment, Raheem had run the secretariat of the premier professional body in an […]

West African Insurers Hosts International Conference on Monday

Kayode Adelowokan, Lagos The West African Insurers Companies Association (WAICA) has concluded plans to host a three day international educational Conference from November 24 to 26 in Lagos. The theme of the 2013 WAICA Educational Conference is: An Integrated and Harmonised Insurance Industry in West Africa”. The Secretary General of WAICA, William Coker, in a press statement […]

Traditional Ruler Endorses Insurance For Risk Mitigation

Kayode Adelowokan, Lagos The campaign for enhanced insurance awareness in Nigeria has received a boost with the endorsement of insurance as a pivotal risk mitigation device by the Alake of Egbaland, Oba Adedotun Aremu Gbadebo. Speaking while receiving a delegation of the Nigerian Council of Registered Insurance Brokers (NCRIB), led by its President, Mr. Ayodapo […]

NCRIB to NAICOM: Review The Regime Of Penalties Imposed On Erring Brokers

Kayode Adelowokan, Lagos The Nigerian Council of Registered Insurance Brokers (NCRIB) has appealed to the National Insurance Commission (NICOM) to review the regime of penalties imposed on erring brokers. The Council president, Mr. Ayodapo Shoderu, said this during a courtesy visit to the Commissioner for Insurance, Mr Fola Daniel, in Abuja. Shoderu said there is […]

Insurance Agents Urge Insurers To Provide Adequate Training For Their Marketers

Kayode Adelowokan, Lagos Association of Registered Insurance Agents of Nigeria (ARIAN) has appealed to insurance companies to give adequate and continuous training to their marketers so as to improve the level of insurance business, in the country. ARIAN national president, Mr. Kingsley Obuvie, who disclosed this today at a press briefing in Lagos, added that […]

Shoderu Underscores Insurance Roles in Disaster Management

Kayode Adelowokan, Lagos The Federal Government has been advised to recognise the pivotal place of insurance in disaster management in the country. President of the Nigerian Council of Registered Insurance Brokers (NCRIB), Mr Ayodapo Shoderu, said this during a courtesy visit by members of the Council to the  management of the FCT Emergency Management Agency(FEMA)  […]

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