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Insurers To Reap N45bn From New 3rd Party Motor Rate

The new rate is expected to increase the 2023 financial year bottomline of insurers writing motor policy, to N45 billion, which is a growth of N30 billion,

Victoria islandKunle ahmedAkinjide orimoladeOlusegun omosehinThird party property damageNigerian insurers associationNational insuranceCorporate communicationsNational insurance commissionAgusto coAffirms fidelity bankInsurers committeeParty motor insuranceMarket developmentCommittee of the insurersMotor insurance

Stanbic IBTC Insurance launches The Good Life campaign

Stanbic IBTC Insurance, a subsidiary of Stanbic IBTC Holdings, has launched its life insurance campaign. Themed ‘The Good Life

Victoria islandKate henshawSegun arinzeAkinjide orimoladeAdemola sogunleGood life campaignLife insurance companyGroup lifeGood lifeWalter carrington crescentEric hassaniChief executiveMany nigeriansLife insuranceGood lifeEducation endowment

Standard Bank sets sights on Nigerian retirement boom

Standard Bank Group, Africa’s biggest lender, is targeting annuity to expand in Nigeria as an imminent retirement boom presents opportunities to increase life insurance penetration in the continent’s most populous nation.

South africaAkinjide orimoladeNational insurance commissionStandard bank groupHoldings plcWest africanNational insurance

Africa s Biggest Lender Eyes Imminent Retiree-Boom in Nigeria

Africa s Biggest Lender Eyes Imminent Retiree-Boom in Nigeria
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South africaAkinjide orimoladeNigerian pension commissionStandard bank groupHoldings plcStandard bankBank groupWest africanNigerian pension

Stanbic IBTC Insurance and Yawning Industry Gap

Oluchi Chibuzor Life is all about choices and these choices give rise to the average human decision-making that comes with taking risks. Risks come in varying kinds – minor to fatal. While one can never truly eliminate risks from life’s equation, it is reassuring to at least have an insurance policy to mitigate against potential losses. The insurance industry in developed countries is advanced and risk mitigation through insurance is a well-entrenched culture and way of life. Unfortunately, that is not yet the case in Nigeria as the insurance industry continues to struggle to convince vast majority of Nigerians of the need and benefits of taking up insurance policies. One common refrain amongst most Nigerians is “God is my insurance” or “Na God dey protect us”. This belief in the supernatural as a good risk mitigating factor is one of the reasons insurance penetration is still low in the country decades after its introduction.

Akinjide orimoladeOluchi chibuzorNational insurance commissionSegment reportChief executiveNigeria insurance industry databaseதேசிய காப்பீடு தரகுபிரிவு அறிக்கைதலைமை நிர்வாகிநைஜீரியா காப்பீடு தொழில் தரவுத்தளம்