The late passage of 2013 national budget into law is expected to have serious implications on premium volume of the insurance industry. Currently, government is yet to fully pay the 2012 Group Life covers of its workers. Under this scenario, experts wonder whether government will fully comply with 'No Premium No Cover' provision. ZAKA KHALIQ writes.

By Zaka Khaliq

Industrial And General Insurance Plc (IGI) has partnered The East of England P&I Association Limited, a U.K-based firm, to underwrite protection and indemnity insurance to safeguard owners and charterers of commercial ships in Nigeria against liabilities.

The National Insurance Commission(Naicom) will soon take enforcement of compulsory insurances to Kwara State, BusinessWorld can now reveal.

INSURANCE companies in Nigeria have adequate capacity to handle disasters and pay compensations for insurable risks.

BECAUSE of the long gestation of life insurance business, shareholders of FBN Life Assurance must wait for three to four year before they could get dividend.

MR. Jimoh Ibrahim, chairman of Nicon Insurance Group has charged the National Insurance Commission (Naicom) to be a regulator and not a bully.

ALTHOUGH the insurance industry is crowded with insurance brokers, many of them are concentrated in a particular area and don’t contribute significantly to the growth of the premium income in the sector.

THE management of Niger Insurance Plc has assured investors in the company of better days ahead saying they should be rest assured of better returns on their investment going forward.