Tax Debt: FIRS shuts down Insurance company in Lagos

In continuation of its tax compliance efforts, the Federal Inland Revenue Service, FIRS, on Thursday, sealed the 11-floor headquarters of Alliance and General Insurance Company in Lagos as well as Delta Transport Service and Grand Hotels in Asaba. Alliance and […]

Unrealistic Targets: How government burdens the insurance sector in 2017

Given the prevailing challenges in the sector, insurance operators have expressed doubts over the realisation of the Federal Government’s N1 trillion income benchmark for the industry this financial year. At a Nigeria Insurance Summit in December 2014, the government said […]

AIICO Insurance embarks on ‘market storm’

TO create awareness and deepen market penetration, AIICO Insurance Plc has embark on market sensitisation and awareness programme through an initiative tagged ‘Market Storm’ of some of the major markets in Lagos, the Managing Director, Edwin Igbiti has said. He […]

Great News: Govt launches insurance scheme for transport workers in Akwa Ibom

In his effort to assist and  bring sanity into the transport  sub-sector, governor Udom Emmanuel has launched insurance scheme for worker of  the Nigerian Union of Road Transport  in the state.   This  was part  of the decisions reached at […]

Regional Integration: The benefits for insurers and regulators

Insurance operators across West Africa have been advised to leverage the political structure of the Economic Communities of West African States (ECOWAS) to rethink the historical colonial partitions in order for them to achieve real integration. The advice was given […]

The Interview: Consolidation in insurance industry is inevitable — Kari

WHAT can be done to increase the level of awareness of insurance products in Nigeria?   The level of insurance awareness in the country has improved considerably over the years. What has been missing is a commensurate improvement in penetration, […]