Farmers in Nigeria will henceforth have good access to insurance coverage as the National Insurance Commission (NAICOM), is championing the course of a specialised and inclusive agric insurance scheme tagged Index based agric insurance(IBAI). The IBAI is an innovative and specialised insurance scheme that pays out benefits on the basis of a predetermined index (e.g.… Continue reading Index Based Insurance Scheme Kicks Off in Nigeria Soon
INSURED victims of floods that ravaged some parts of Lagos State recently are already filing their claims, even as insurance companies paid N168.44 million claims on flood mishaps in 2015. Chairman of Nigerian Insurers Association (NIA), Mr. Eddie Efekoha, said that the insured victims have started turning in their claims to the insurance companies… Continue reading 2017 Flood victims file claims as insurers pay over N168m for 2015 floods.
Many SME businesses are unprepared for an event in which they need to make a claim, and may not have even considered whether they have the right level of cover until it happens, according to a Zurich expert. A great deal of SMEs do not think they will ever be faced with a claim, Neil… Continue reading Many SMEs unprepared for an Insurance claim.