The insurance industry regulatory body, National Insurance Commission, has approved the 2012 financial statements of twenty-eight (28) Insurance Companies out of the fifty (50) firms on the list while the remaining twenty-two (2) firm s have their approva
Rather than wane, the interest and belief in Nigeria's insurance industry continues to grow and some professionals and now more committed to helping the National Insurance Commission become a better regulator; because from where we see it, the problem of
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In Nigeria where the rule of law on a general basis seems to be growing steadily, financial regulation has gained greater strength from the positive impact of the restructuring initiatives in the aftermath of the global economic recession. With these, how
With A & G Insurance serving NAICOM's six (6) months suspension for complicated financial issues, one wonders when the day would come for NICON Insurance, IGI, Guinea and others who either do not have approved accounts by NAICOM or have obtained approval
At Linkage Assurance Plc where Senator Udo Udoma holds sway as Chairman, it would appear that trouble is brewing because the Bayelsa State Government seeks to stop the much publicised M & A deal with Dotun Sulaiman's Cornerstone Insurance Plc.
The Insurance Industry in Nigeria has not enjoyed the required public confidence needed to fulfil its potentials since the takeover of foreign insurance companies by Nigerians about 50 years ago. Mostly, non-insurance professionals, those Nigerians have b
A consortium of local underwriters and re-insurers, led by Prestige Assurance Plc, owned largely by Indian nationals, will have to pay a minimum of N2.29bn to the relatives of the ill-fated Dana Airline plane that crashed in Lagos on Sunday.
The Financial Reporting Council of Nigeria, the nationís accounting and financial reporting standards custodian, yesterday indicted Alliance and General Insurance Limited and Alliance and General Life Assurance Limited for preparing two financial statemen
At the end of the insurance sector consolidation and recapitalisation, part of the reform of the entire financial system in 2007, expectations were high that the sector would unlock the huge untapped value in the industry and deliver exponential growth si
As the nations insurance industry awaits anxiously for governments pronouncement on new minimum capital base for the industry, the NIA enlightens government on the need to take into consideration basic performance indices regarding the industry.