Banks, tech firms combat N2.19bn e-fraud with cyber-insurance.

Exposure to cyber attacks in the financial services sector is creating a growing demand for cyber-insurance. Banks and financial technology firms are beginning to see a need to explore cyber-insurance as a means of alleviating the impact of electronic payment fraud in Nigeria. Industry statistics show that Nigeria is losing about N127bn to cyber-fraud every… Continue reading Banks, tech firms combat N2.19bn e-fraud with cyber-insurance.

Emir Sanusi launches Nigeria’s first Islamic insurance Company.

The Emir of Kano, Malam Muhammad Sanusi II, on Monday in Kano, launched the first Islamic insurance Company in Nigeria, tagged ‘Jaiz Takaful Insurance’. The Emir said at the event that the introduction of the system in Nigeria was a welcome development, especially as it would contribute towards boosting the country’s economy. According to him,… Continue reading Emir Sanusi launches Nigeria’s first Islamic insurance Company.

A QUICK GLANCE AT THE INSURANCE INDUSTRY AND ITS OPPORTUNITIES.

A QUICK GLANCE AT THE INSURANCE INDUSTRY AND ITS OPPORTUNITIES. INSURANCE A vehicle for managing risks and ensuring that in the event that an individual or corporate body suffers a loss, the insurance company pays out claims which would cushion the effect of the loss for the insured individual or ensure that the insured business… Continue reading A QUICK GLANCE AT THE INSURANCE INDUSTRY AND ITS OPPORTUNITIES.