Index Based Insurance Scheme Kicks Off in Nigeria Soon

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

2018 National Budget: Nigeria’s Federal Government Plans Group Life Insurance For 89,000 Workers

The federal government of Nigeria has made budgetary provision to the tune of N5.4 billion as 2018 Group Life Insurance cover for its 89,000 workforce, in the 2018 national budget currently before the National Assembly (NASS). To this end, all Federal government workers who die or suffer accidents while in active service will have access… Continue reading 2018 National Budget: Nigeria’s Federal Government Plans Group Life Insurance For 89,000 Workers

2018: What insurance players can expect in the next 12 months

Sensors monitoring your everyday physical and digital life, artificial intelligence tailoring your insurance to fit your needs? Sound like the future? Sure—if the future is 2018. Nordic Director of Insurance in Accenture, Jacob Tovborg-Jensen, explains what’s in store—near-term—when it comes to innovation. Developments in insurance are moving at break-neck speed: 2017 saw a year that… Continue reading 2018: What insurance players can expect in the next 12 months

Nigeria’s Federal Government Inaugurates Insurance Roadmap for Farmers.

The Nigerian Federal Government has inaugurated a road map to guide farmers in insuring their crops. According to the Minister of Agriculture and Rural Development, Chief Audu Ogbeh, the road map will help ensure food security across the country with farmers insuring their crops and obtaining financial support in the event of occurrence of any… Continue reading Nigeria’s Federal Government Inaugurates Insurance Roadmap for Farmers.