NAICOM makes the necessary ‘changes’

In a move aimed at re-positioning the National Insurance Commission (NAICOM) to handle the insurance industry for better regulations, the Commission has reorganized its heads of Directorates and Departments. The Head of Corporate Affairs, NAICOM, Rasaaq Salami, who revealed this […]

Future of Insurance: Leadway Assurance opens Franchise Opportunity Scheme

In a bid to deepen penetration rate in the retail insurance market in Nigeria, Leadway Assurance has announced its Franchise Branch Ownership Opportunity scheme in Nigerian insurance market. The innovative program tagged ‘Revolupreneur’ a third-party opportunity for 1,000 enthusiastic entrepreneurs […]

Brokers target N1.8trn Mambilla power plant project

Of about 500 insurance brokers registered and operating in the nation’s insurance sector, 26 brokers have sent in their proposals to the federal government for insurance services to insure N1.8 trillion Mambilla Hydro-Electric Power plant situated in Taraba State, The […]

7 Things NAICOM Must Do To Deepen Insurance Acceptance Before Penetration

It was mixed feelings for me as ​I read a BusinessDay report that quoted the Deputy Commissioner, Technical (NAICOM), Mr. Sunday Thomas as stating that there are only two million insurance policyholders out of Nigeria’s estimated 180 million population. Firstly, […]

Life Insurance and Entertainment industry: A baby yet unborn

Theatre Arts and Motion Pictures Producers Association of Nigeria (TAMPAN) on Friday urged the Federal Government to formulate a life insurance policy for the entertainment industry. This would serve as a benefit for practitioners in case of loss of lives […]

Emir Sanusi launches first Islamic Insurance in Nigeria

The Emir of Kano, Malam Muhammad Sanusi 11, on Monday in Kano, launched the first Islamic insurance in Nigeria, tagged ‘Jaiz Takaful Insurance’. The Emir said at the event that the introduction of the system in Nigeria was a welcome […]