InsuranceWorld


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    Lack of knowledge on Annuity and Programme withdrawal lead to rivalry between Pension Fund Operators and insurance companies, Mr. Sunday Thomas, director-general, Nigerian Insurers Association(NIA) said.

    NPNC: Premium Income Soars


    Mr. Iyesere Davis, Head, Corporate Communication, Nigerian Insurers Association(NIA) and Mr. Sunday Thomas, Director-General, NIA at a monthly meeting of the National Association of Insurance Correspondents(NAICO) in Lagos recently.
    Following the implementation of the No Premium No Cover (NPNC) provision, insurance operators said the premium volume is rising.
    The operators said despite the fact that the enforcement started in January, insurance clients are now complying, hoping that by the end of the year, the premium volume would by far outweigh that of last year.


    Mr. Enitan Oshodi, commissioner for Youths & Sports, Lagos State presenting a certificate to the Chief Accountant Avro Pharma Ltd (major sponsor) during the Eko International Taekwondo Championships 2013.
    The National Insurance Commission (Naicom) has partnered the National Association of Insurance Commissioners (NAIC) of the United States on technical assistance.


    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.

    Naicom to Enforce Compulsory Insurance in Kwara

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

    Naicom Expresses Confidence in Risk Underwriters

    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.

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