Tanker explosion: Only Seven vehicles get compensations from Insurers

Nike Popoola   Seven out of the 54 vehicles that were burnt in the tanker explosion that occurred on the Otedola Bridge end of the Lagos-Ibadan Expressway recently have been confirmed to have comprehensive insurance. Figures obtained from the Nigerian […]

What Shareholders think about NAICOM’s new recapitalisation

Nike Popoola Shareholders in the insurance industry have rejected the change in the recapitalisation deadline given to underwriting firms to recapitalise from January 1, 2019 to October 1, 2018. Some of the shareholders, who spoke with our correspondent in separate […]

Fresh hope for insurance industry as NIA gets new leadership

Pursues settlement of tanker explosion victims The new leadership of the Nigeria Insurers Association (NIA) may not have officially assumed duties, but has made a strong call on the stakeholders to embrace, as a project, the redemption of the industry’s […]

AIICO sets a new milestone on Agric Insurance business

The National Insurance Commission (NAICOM) has given its approval to AIICO Insurance Plc to underwrite agricultural business in the country. The company said it is taking strategic position to be a major player in offering Agriculture Insurance, in a bid […]

Linkage Assurance records N2.89 billion profit

Shareholders of Linkage Assurance Plc who had waited over the years for dividend,finally got received five kobo per share pay out, as the company’s profit after tax increased to N2.89 billion in 2017 financial year. The shareholders, who spoke on […]

ARIAN seeks input on Tier-based Solvency Margin Initiative

The Tier-base recapitalisation introduced in the nation’s insurance industry, which deadline was brought forward to October 1, 2018, from January 1, 2019, has generated concerns for the Association of Registered Insurance Agents of Nigeria (ARIAN). The group is therefore, calling […]