THE Nigerian Federal Government is targeting banks and insurance companies to finance the national shipping carrier, following the withdrawal of a Singaporean liner, Pacific International Lines (PIL), from the initiative. The Singaporean shipping company, with over a hundred ships in its fleet world-wide, had said that it would not be able to cope with the… Continue reading Nigeria’s Federal Government targets insurance firms, others to fund national shipping fleet.
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
The gee-whiz gadgets on new cars — the backup cameras, the large touchscreen controls, the blind-spot monitoring — make us all feel a little safer about navigating the roads. But high-tech, advanced safety features come at a fairly steep price, so they’re driving up car insurance rates, too. “If they’re damaged, they’re much more expensive to repair,”… Continue reading High-tech features on new cars drive up auto insurance rates
Nigeria’s National Health Insurance Scheme (NHIS) has been in operation for over ten years but it seems to have failed in the realization of the objectives for which it was established. Key among its failures is the non-realization of the objective of making health care available to Nigerians at affordable costs. As at today, many… Continue reading Failures of Nigeria’s Health Insurance Scheme: the way forward
Given the increasing prevalence of expensive household goods, cars and consumer electronics, insurance has become an unavoidable and often necessary cost in modern life. Mobile phones and smartphones in particular, are no exception to this trend. Report has it that most major mobile operators, insurance specialists, retailers and even banks now offer insurance plans that… Continue reading Global telephony insurance market to hit $ 20.5 billion
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
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