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Fraudulent agents get jobs unhindered, says ARIAN

Fraudulent agents get jobs unhindered, says ARIAN

Fraudulent insurance agents easily secure new jobs from insurance firms unhindered, Association of Registered Insurance Agents of Nigeria (ARIAN) President, Ademola Fagbayi has said. He spoke at the association’s  Annual National Conference, Investiture, Annual General Meeting (AGM) in Lagos. Fagbayi, who said the association is seeking collaboration with the Nigeria Insurers Association (NIA) to help […] …

IFRS 9 implementation burdens insurance firms

SHAREHOLDERS as well as other stakeholders of some insurance companies will have to exercise longer patience waiting for the 2018 full year financial results as many of the companies came under the burden of implementation of the International Financial Reporting Standard 9, IFRS9, in the 2018 financial year as against initial scheduled period of 2020.
Continue reading IFRS 9 implementation burdens insurance firms at Vanguard News Nigeria. …

NAICOM introduces IFRS 9

NAICOM introduces IFRS 9

The National Insurance Commission (NAICOM) has introduced International Financial Reporting Standards (IFRS) 9, The Nation has learnt. The model is an accounting standard that would compel insurance companies to measure their liability in a way that the insuring public can determine their claims payment capability through their financial statements. Simply put, depending on how the […] …

‘Women are better empowered with insurance’

‘Women are better empowered with insurance’

There is no financial plan that  empowers a woman better than an insurance policy, the Marketing and Customer Executive, Old Mutual, Mrs Alero Ladipo, has said. In a statement by the company, Mrs Ladipo said the company commemorates with millions across the world on the International Women’s Day (IWD), a day dedicated to celebrating the […] …

African Alliance rebrands

African Alliance rebrands

AFRICAN Alliance Insurance Plc has launched a new iden        tity with potential for stronger growth through innovation and branding. The Interim Chairman, Board of Directors, African Alliance Plc, Anthony Okocha, affirmed that the life insurance company   would continue to break new grounds and increase the joy of its  customers. He said the rebranding has refreshed their […] …

Insurers need communications strategy, others to boost awareness, says expert

Insurers need communications strategy, others to boost awareness, says expert

THERE is need for a communications strategy to boost insurance penetration and acceptance of insurance by Nigerians, an expert has said. The expert, Okey Udezue, spoke at a seminar organised by the Chartered Insurance Institute of Nigeria (CIIN) in Lagos. The event had as theme “The Nigerian economy 2019: Issues, Challenges and prospects for the […] …

CIIN to change syllabus

CIIN to change syllabus

The Chartered Insurance Institute of Nigeria (CIIN) will start a new professional examination syllabus in October 2021. The Chairman, Officers Representatives Committee (ORC) of the institute, Karieren Pius, made this known during at the committee’s monthly meeting held in Lagos. Pius said the ORC is a committee of the institute, which comprises of representatives from […] …

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