Nigerians With Access To Insurance Grow By 1.9% The total number of Nigerians with access to insurance rose from 1.1 to 1.9%, recent statistics quoted by the National Insurance Commission had shown. The Commissioner for Insurance, Alhaji Mohammed Kari, who stated this, said that this was...

NDIC Boss Identifies Public Misconception As Key Challenge Of Deposit Insurance   Public misconception of the basic principles of Deposit Insurance System (DIS) remains one of the major challenges confronting the Nigeria Deposit Insurance Corporation (NDIC), the corporation’s MD/CEO, Alhaji Umaru Ibrahim, has said. Speaking yesterday at...

CIIN Seals Deal With Varsities For Insurance Education The Chartered Insurance Institute of Nigeria (CIIN) has unveiled plans to deepen insurance education through the universities, as well as equipping young professionals to lift the sector to a greater height. The President of CIIN, Eddie Efekoha, who...

Insurance Firms Reduce Management Expenses Pressure on the management of insurance firms from shareholders, industry regulator and other stake holders on the need to reduce their management expenses and ensure more returns on investments is yielding positive results. Reports from insurance firms that have so...

Sector Sustains Losing Streak With N20b In Mobile Insurance There seems to be no end to the insurance sector’s losses, as an estimated N20 billion yearly expected premium from mobile insurance may have been taken over by network operators, which now sell insurance products and...

Insurance Sector Records Premium Of N363bn In A Year The volume of businesses written by insurance companies grew from N315.96 billion in 2016 to an estimated N363 billion in 2017. This was revealed by the immediate past Chairman, Nigeria Insurers Association (NIA), Mr Eddie Efekoha, while...