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Insurance is the safest form of risk transfer mechanism -Ilori

We have different kind of losses and they could be financial, psychological, emotional or sentimental. On the other hand, people have different ways of handling their risk either through risk avoidance, risk reduction, risk retention, risk sharing and risk transfer. There is one way of risk handling that is cultural but fast disappearing especially when it comes to supporting ourselves, which is our large family culture.
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Insurance critical to FG’s development initiatives —Minister

Insurance critical to FG’s development initiatives —Minister

Nike Popoola The Minister of Finance, Mrs Kemi Adeosun, has said Nigeria needs to build a solid financial plan for the future through life insurance amid the various economic developmental initiatives of the Federal Government. Adeosun, who was represented by the Deputy Commissioner for Insurance, Finance and Administration, Mr George Onekhena, at an insurance conference […] …

Linkage gets NAICOM’s approval to underwrite agric insurance

Linkage gets NAICOM’s approval to underwrite agric insurance

Nike Popoola Linkage Assurance Plc has secured the approval of the National Insurance Commission to underwrite agricultural insurance. The firm said in a statement that the ‘no objection’ nod would enable it to support farmers and service providers in the agricultural value chain for greater sustainability and economic growth. Among the products approved were Linkage […] …

Niger Insurance’s gross premium rises by 44%

Niger Insurance’s gross premium rises by 44%

Nike Popoola Niger Insurance Plc’s gross premium rose by 44 per cent to N8.58bn in the 2017 financial period. The Chairman of the company, Yusuf Abubakar, disclosed this during its 48th annual general meeting in Lagos. “The company increased gross premium by N2.6bn or 44 per cent above N5.96bn earned in 2016,” he said. Abubakar […] …

AXA Mansard introduces first responder service

AXA Mansard introduces first responder service

Nike Popoola In line with its commitment to enhance customer experience, AXA Mansard Plc, a member of AXA Group, has introduced the first responder service which aims to support customers whose vehicles are insured with the company whenever they are involved in road accidents. According to a statement, the first responder service is an initiative […] …

Mutual Benefits opens N2bn rights issue

Mutual Benefits opens N2bn rights issue

Nike Popoola Mutual Benefits Assurance Plc has opened its rights offering to raise N2bn, following the approval by its shareholders. The firm said in a statement that the shareholders, at its recent annual general meeting, expressed their support for the N2bn rights issue intended to increase shareholders’ funds, strengthen its capital base, deepen capacity to […] …

CIIN urges financial planning through insurance

CIIN urges financial planning through insurance

Nike Popoola The Chairman, Chartered Insurance Institute of Nigeria, Abuja Chapter, Dr Bola Onigbogi, has urged members of the public to take insurance policies as part of their financial plans. Onigbogi stated this during a maiden dinner of the chapter in Abuja to celebrate the achievements in the insurance industry. She said the gathering would […] …

Guinea Insurance pays N161.5m claims

Guinea Insurance pays N161.5m claims

Nike Popoola Guinea Insurance Plc said it paid N161.5m claims to its customers in the 2017 financial period. The Chairman of the company, Godson Ugochukwu, said this during its 60th annual general meeting in Benin City. He also said the company planned to celebrate its 60th anniversary. “Claims paid by Guinea Insurance on various classes […] …

Linkage gets NAICOM’s approval to underwrite agric

Linkage gets NAICOM’s approval to underwrite agric

Underwriting firm, Linkage Assurance Plc has secured the approval of the National Insurance Commission (NAICOM) to underwrite agric insurance in the country. A statement made available to journalists stated that the ‘no objection’ nod will enable Linkage support the farmers and service providers in the agricultural value chain for greater sustainability and economic growth. ItRead More
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