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Processing an insurance claim is easier than thought - The Coronation Insurance way

Processing an insurance claim is easier than thought - The Coronation Insurance way
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Insurers Prune Down Management Expenses

By Ebere Nwoji
The National Insurance Commission’s (NAICOM) limit to management expenses of insurance firms may have started yielding fruits as operators, especially the big players are now taking steps towards ensuring reduction in their management expenses despite their huge premium.
But the commission is yet to achieve similar success among some troubled firms whom available data showed still have high management expenses.
Industry data released by the Nigeria Insurers Association(NIA) in the latest edition of its Insurance Digest, which x-rayed the 2019 financial positions of insurance firms revealed that some weak insurance firms placed under interim management and receivership have their management expenses exceeding premium income while market leaders with huge premium income recorded drastic reduction in their management expenses. ....

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Breaking News | 44 companies to face NSE's sanctions over default filing

By Nkiruka Nnorom
A total of 44 companies quoted on the Nigerian Stock Exchange, NSE, may face sanctions from the Exchange for failing the timeline in rendition of 2020 audited financial results.
Periodic and timely rendition of financial results to the NSE, is one of the key elements in the post-listing requirements of the Exchange which attracts penalties.
The companies, which include, Conoil Plc, Oando Plc, Wema Bank Plc, Okomu Oil Plc and Presco Plc among others, failed to meet the March 31, 2021 cut off date (the 90 day timeline required by the rule of the Exchange for quoted companies to file their audited full year result) and will now face financial sanctions as enshrined in the rules of the Exchange. ....

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44 companies to face NSE's sanctions over default filing

Vanguard News
44 companies to face NSE’s sanctions over default filing
On

By Nkiruka Nnorom
A total of 44 companies quoted on the Nigerian Stock Exchange, NSE, may face sanctions from the Exchange for failing the timeline in rendition of 2020 audited financial results.
Periodic and timely rendition of financial results to the NSE, is one of the key elements in the post-listing requirements of the Exchange which attracts penalties.
The companies, which include, Conoil Plc, Oando Plc, Wema Bank Plc, Okomu Oil Plc and Presco Plc among others, failed to meet the March 31, 2021 cut off date (the 90 day timeline required by the rule of the Exchange for quoted companies to file their audited full year result) and will now face financial sanctions as enshrined in the rules of the Exchange. ....

Patrick Ajudua , Nkiruka Nnorom , Moses Ogundeji , Lawrence Oguntoye , Deap Capital Management Trust Plc , Tantalizers Plc , Unity Bank , Okomu Oil Plc , Studio Press Nigeria Plc , Medview Airline , Presco Plc , Corporate Affairs Commission , Distinct Shareholders Association , Smart Product Nigeria Plc , National Insurance Commission , International Energy Insurance , Briclinks Africa Plc , Morison Industries Plc , Rt Briscoe Nigeria Plc , Nigeria German Chemical Plc , International Plc , Cornerstone Insurance Plc , Afromedia Plc , Standard Alliance Insurance Plc , Conoil Plc , Microfinance Bank ,

COVID-19, #EndSARS batter Insurance sector

COVID-19, #EndSARS batter Insurance sector
On

It’s still showing resilience – Operators

By Peter Egwuatu
Adverse operating environment headlined by COVID-19 Pandemic and #EndSARS protest in 2020 has taken a massive toll on the growth rate of the Nigerian insurance industry.
But top 16 insurers have managed to record positive figures in their 2020 financial results though significantly below previous year’s figures. The 16 companies control over 80 percent of the entire industry.
The 16 companies are AIICO Insurance, Axa Mansard, Consolidated Hallmark, Cornerstone Insurance, and Coronation Insurance. Others are Linkage Assurance, Mutual Benefits Assurance, Nem Insurance, Niger Insurance, Prestige Assurance, Regency Alliance, Royal Exchange, Sovereign Trust, Sunu Assurance, Universal Insurance, and Veritas Kapital. ....

Femi Oyetunji , Ben Ujoatuonu , Ganiyu Musa , Peter Egwuatu , Oluwasola Ajisafe , Emmanuel Otitolaiye , Samuel Ogbodu , Nigerian Stock Exchange , Sunu Assurances Nigeria Plc , National Insurance Commission , Royal Exchange , Continental Reinsurance Plc , Insurance Plc , Linkage Assurance Plc , Regency Alliance , Nigerian Insurers Association , Nigeria Employers Consultative Association , Kindly Share This Story , Lekki Toll Gate , Axa Mansard , Consolidated Hallmark , Cornerstone Insurance , Linkage Assurance , Mutual Benefits Assurance , Nem Insurance , Niger Insurance ,