Insurance firm pays policyholders N1.25billion as claims

In a bid to regain confidence in the nation’s insurance sector, Law Union & Rock Insurance (LUR) Plc, said over N1.25billion claims have been paid to its policyholders from January to this year till date. This was confirmed by the […]

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 […]

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 […]

Premium Income: How FG can achieve N1trillion target

By ZAKA KHALIQ, Lagos –   The federal government has set a target of N1 trillion annual insurance premium by the year 2020 LEADERSHIP can exclusively report. It is gathered that the government is partnering the 36 states of the […]

Dana Air cripples Prestige Assurance Plc profitability

Prestige Assurance Plc, has classified the huge single claim of over N725 million paid to Dana Airlines, is responsible for its low profitability for the year ended December 31, 2015. The firm was the lead insurer for Dana Airlines, which […]