OBIORA IFOH, Abuja
The Management of Nigeria Social Insurance Trust Fund, NSITF has said that President Muhammadu Buhari has neither suspended it’s board nor make any announcement as regards to any suspension mentioned in the media even as it warned the Minister of Labour and Employment, Senators Chris Ngige not to overreach himself.
The Federal Government has released N13.642billion for the payment of hazard allowances and group life insurance for health workers and Federal civil servants nationwide. Continue reading “FG releases N13.6b hazard allowances, life insurance for health workers”
Custodian & Allied Insurance (CAIL) is keen on developing and delivering innovative insurance products that best satisfy customer needs, the Managing Director of the company, Mr Toye Odunsi has said. Continue reading “Custodian & Allied Insurance raises stake in customer satisfaction”
Dr. Ladi Awosika, the chairman of Total Health Trust Limited, has also served as a member of several committees of the Nigerian National Health Insurance Scheme. He has over the years been involved in health care financing, development and delivery of the private health care in Nigeria. Speaking in a recent interview with CHINYERE IKEANYI, the medical practitioner stressed the need for the affordability and accessibility of health care services in the society to improve the general well-being of an average Nigerian. He also delved into Covid-19 and appealed to government at all levels to create more awareness on the reality of the virus currently ravaging the entire world. Excerpts: Continue reading “Lack of political will hinders implementation of Health Insurance Scheme –Dr. Awosika”
Universal Insurance Plc said the audit process for its FY 2019 financial statement was truncated by the COVID-19 pandemic and lockdown that was implemented in a bid to contain the virus spread. Continue reading “Another insurance firm blames COVID-19 for late filing of financial report”
Pension Transitional Arrangement Directorate (PTAD) said that it is now ready to pay the first batch of the verified Ex-Workers and Next of Kin (NoK) of the Nigerian Aviation Handling Company (NAHCO) in line with the takeover approval of pension- related matters of some agencies, privatized/liquidated by the Bureau of Public Enterprises in 2017, among which is the Nigerian Aviation Handling Company (NAHCO). Continue reading “PTAD set to Pay One-Off outstanding entitlements to verified ex-workers of NAHCO”
AIICO Insurance Plc has reported gross written premiums of ₦17.6bn, up 23% from the same period in 2019 which was N14.3bn. The growth, according to the company, is driven by sustained positive performance across the major lines of business of the group: retail and corporate & institutional businesses. Continue reading “AIICO records 23% growth in Q1 gross premiums”
Zenith General Insurance Limited has released its full-year financial results for the year ended 31 December 2019. A review of the results showed positive improvements on a year-on-year basis with profit before tax rising by 16% from N3.16bn to N3.67bn while profit after tax rose by 10% up from N2.79bn to N3.06bn. The company also maintained a robust balance sheet closing the year with total assets of N40.1bn and a shareholders’ fund of N25.9bn.
Continue reading “Zenith General Insurance’s pre-tax profit rises hits N3.67bn”
Old Mutual Limited celebrates 175 years of impacting lives across the continent. The key to Old Mutual Limited’s success, according to Vuyo Lee, Old Mutual Group Chief Marketing Officer, is that the company has always taken the long-term view and understood that change, challenge, and opportunity are the only constants. Continue reading “Old Mutual celebrates 175yrs of being the ‘Certain friend in uncertain times’”
The Nigerian insurance industry has continued to see the need to put insurance education at the front burner of its consideration in recent times. Operators have resolved not to be lax anymore about telling all those who care that insurance remains the last hope of the common man, especially at a time of loss or unexpected calamity. In Nigeria, the poor acceptance of insurance, which is due to multifarious reasons, makes the people lag behind their contemporaries in other advanced climes where insurance is life itself. In those countries, everything is insurance. From life, motor, building, household items, shipment etc. Any endeavour that is risk prone has a tag of insurance on them.
Continue reading “Many have motor insurance but don’t know how to make claim”