An interesting look at the role of Lawyers in enhancing insurance penetration as well as opportunities available to Lawyers in the Nigerian Insurance Industry.
KPMG Head of Insurance for East Africa James Norman has described Africa’s hugely unexploited insurance market as a sleeping giant. According to him, there is a real buzz about the sector because of its plentiful or enormous opportunities. “There’s a real buzz about the sector because opportunities are immense,” he says. “There’s a young population,… Continue reading KPMG: Africa’s Insurance Market is a sleeping giant.
Nigeria’s insurance sector paid over N100 million as fraud claims to five Nigerian banks in 2015. Nigerian Insurers Association (NIA) disclosed this in a report obtained by Financial Vanguard. The banks include Ecobank Plc, which received over N15 million claims from Custodian & Allied Insurance; Wema Bank Plc, received over N29.97 million from Great Nigeria… Continue reading Nigeria’s Insurers pay N100m as fraud claims to 5 banks.
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.