15 results
- 23 Dec 2018
Insurance Brokers Laud NAICOM over SIP Cancellation
The Nigerian Council of Registered Insurance Brokers (NCRIB) has applauded the National Insurance Commission (NAICOM) over the cancellation of State Insurance Producer (SIP), a new distributive…
- 3 Oct 2022
Elumelu Urge NAICOM to Increase Insurance Brokers’ Capital to N50m
The National Insurance Commission (NAICOM), has been urged to upgrade the minimum capital base of insurance booking firms from the current N5 million to N50 million. The insurance brokers on their…
- 10 Mar 2015
Senate Kills Insurance Brokers Bill
Senate on Monday at a public hearing organised by its committee on Banking, Insurance and other Financial Institutions frustrated attempts to seek legal backing for Insurance brokerage and accord…
- 8 Feb 2010
Brokers Fret over Proposed Insurance Law on Capital
The stronghold of insurance brokers over the underwriting arm appears threatened, going by the content of the proposed law on insurance practice, which seeks to question the independence status which…
- 1 Mar 2021
NCRIB Urges FG, States to Install CCTV
Nigerian Council of Registered Insurance Brokers (NCRIB) has called on Federal Government to overhaul its security apparatus and enhance collaboration with governments and institutions to end the…
- 15 Sept 2010
Unqualified Brokers May be Kicked Out in January – NCRIB Boss
Worried by the negative image trailing the brokerage arm of the insurance industry occasioned by accusations from the underwriting arm about premium withholding and other unethical practices, the…
- 8 Mar 2010
Brokers Decry Moves by NSITF to Grab Workmen’s Compensation Act
While the dust raised by proposed laws and regulation of insurance practice as it concerns the brokers is yet to settle, there are indications that individual brokers and the National Council of…
- 18 Jan 2010
What Insurance Holds for Nigeria in 2010?
ndustry watchers have predicted that year 2010 may be that of magical accomplishments. For some people, it is a year of food for all, water for all or in summary, a year that would witness the…
- 27 Jun 2023
Nigerian Insurers Pool N726.2bn Premium in 2022
Nigerian Insurers Association (NIA) yesterday said that the volume of premium recorded by its member companies in 2022 grew to about N726.2 billion. Mr Olusegun Omosehin, NIA’s Chairman, said this…
- 8 Mar 2010
What Insurance Companies Stand to Benefit from Bancassurance
The issue of whether or not bancasurance should be allowed a foothold in the industry has attracted attention in times past, especially soon after the recapitalization exercise. Many operators kicked…
- 22 Mar 2023
Insurers, LASG Collaborate to Institute Compulsory School Safety Insurance Scheme
Insurance operators in Lagos are collaborating with the Lagos State Safety Commission to institute compulsory School Safety insurance scheme for all public and private schools in the State. The plan…
- 19 Feb 2025
NAICOM, UNDP, Others to Promote Insurance Literacy, Consumer Protection
The National Insurance Commission (NAICOM), and the United Nations Development Programme (UNDP) recently took their Insurance Literacy and Consumer Protection Campaign to Wuse Market, Abuja. NAICOM…
- 22 Nov 2024
Data Commission, NAICOM Partner to Safeguard Data in Insurance Industry
Nigerian Data Protection Commission (NDPC) and National Insurance Commission (NAICOM) have signed a Memorandum of Understanding (MoU) to protect data pilfering in the insurance industry. The…
- 22 Feb 2010
Loss Adjusters Tasked on Man-power Development
Loss adjusters in the country have been called upon to develop their manpower needs in order to meet the growing demand of the brokerage arm of the insurance industry. Desmond Olaolu, veteran…
- 2 May 2022
Universal Insurance Expands Accessibility
Universal Insurance Plc has expanded its presence in more states to boost insurance accessibility in the country. Dr. Ben Ujoatuonu, the Managing Director, Chief Executive Officer, Universal…