This was disclosed by the President of the Council, Shola Tiunubu, at the December edition of members evening hosted by AIICO Insurance Plc, who said the difference in commission rates and other benefits are aimed at justifying the remarkable differentiation in their competencies and experience. Tinubu said: “while sustaining the tempo of technical relations with… Continue reading Nigeria Council of Registered Insurance Brokers set to drive industry’s potential with brokerage firms
Strong and positive moves towards enhanced integration by regional insurance players … Please Read & Enjoy!
Nigerian Insurance firms with inadequate shareholders’ funds have commenced moves to raise additional capital in preparation for the next phase of implementation of the Risk Based Supervision (RBS) by the National Insurance Commission, NAICOM. NAICOM plans to move to the next phase of implementation of the RBS which is determining the capital requirements for underwriting… Continue reading Nigerian Insurers seek additional capital in preparation for Risk Based Supervision (RBS)
The Nigerian Federal Government has said that it will ensure adequate insurance of its assets. Nigeria’s Minister of Finance, Kemi Adeosun, said this during the National Insurance Conference of the Insurance Industry Consultative Council with the theme: ‘Nigeria open for business’, in Abuja on Monday. Mrs Adeosun said, “Foreign investors have shown great interest… Continue reading Nigeria’s Federal Government moves to insure national assets.