Nigerian insurers bleed on Egina FPSO loss claims
Claims expense by insurers on the Egina FPSO Oil Field has been described as the largest ever recorded in the Nigerian insurance industry.
Broken into tranches according to loss…
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Nigeria looks to benefit from Africa Trade Insurance $5b premium potential in 2020
If the awaited formalization of Nigeria’s membership of the Africa Trade Insurance (ATI) is concluded before the end of this year, the country is looking to benefit from an estimated $5…
Anchor in the next 5-years wants to be a place where insurance works – MD
Austine Ebose was about a year ago appointed the managing director/CEO of Anchor Insurance Ltd, and within the period he has repositioned the company for greater growth and contribution to…
Insurers lose N220bn to rate-cutting in 5yrs on motor, fire business
The nation’s insurance industry may have lost an estimated N220 billion in the past five years to rate-cutting on its two major business lines, fire and motor businesses, BusinessDay learnt.…
Investing in coaching capable of generating 500% returns on investment
Experts in the coaching industry claims that investment in coaching both for individuals and corporate organisations have proven to boost returns on investment by up to 500 percent.
They…
Christian Women Group holds 6th anniversary with free shopping spree
Inter-denominational Christian women group, Women of Wisdom will be holding its 6th annual conference, The Love Party on Saturday, April 13, 2019 in Lagos.
Founded and led by Folasade…
36.8m financial access gaps may hamper micro pension’s 80m target
Nigeria’s pension industry will need to create the needed awareness and education to bring in an estimated 36.8 million currently excluded from any form of financial services, to realise…
Pension industry to block 36.8m financial access holes to achieve informal sector…
Nigeria’s pension industry will need to create the needed awareness and education to bring in an estimated 36.8 million currently excluded from any form of financial services, to realise its…
IFRS 9 adoption will not have significant negative impact on insurers – NAICOM
The adoption of IFRS 9 in insurance industry will not have any significant negative impact on the bottom-line, the industry regulator, National Insurance Commission (NAICOM) has said
The…
Benefits of insurance, actually for the living
A new television commercial launched weekend by Axa Mansard Insurance Plc has changed the narrative, bringing to the fore that insurance is not for death, but actually for the living.
The…