Nigeria’s National Insurance Commission to sack chief executives over unpaid claims

Nigeria’s National Insurance Commission (NAICOM) has revealed plans to work on statutory deposits of insurance firms to settle unpaid claims, while chief executives of companies whose deposits are applied to such would be discharged from official duty. Nigeria’s Commissioner for Insurance, Mohammed Kari, disclosed this at the ongoing Chartered Insurance Institute of Nigeria (CIIN) 2017… Continue reading Nigeria’s National Insurance Commission to sack chief executives over unpaid claims

Nigeria’s Central Bank warns Banks against offering of products with Insurance features

DON’T OFFER PRODUCTS WITH INSURANCE FEATURES- CBN WARNS BANKS The Central Bank of Nigeria (CBN) has advised banks in Nigeria to desist from offering products to their customers that incorporate insurance features. The CBN also warned banks not to offer free premium payments as a feature of any of their products. Nigerian banks are enjoined… Continue reading Nigeria’s Central Bank warns Banks against offering of products with Insurance features

THE KPMG INSURANCE CONFERENCE 2017.

THE KPMG INSURANCE CONFERENCE 2017. AIGBOJE AIG-IMOUKHUEDE’S VIEWS WERE NOT ENTIRELY CORRECT. The KPMG insurance conference 2017 held recently in Lagos recently and one of the presenters; Mr. Aigboje Aig-Imoukhuede was represented by Mr. Oyebode Oyeniyi. Mr. Imoukhuede is an accomplished professional and his positive footprints in the financial sector are in the public domain.… Continue reading THE KPMG INSURANCE CONFERENCE 2017.