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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 […] …

‘Group Life, other regulations best for insurers in 2018’

‘Group Life, other regulations best for insurers in 2018’

The two major reforms introduced by the National Insurance Commission (NAICOM) on group life business and motor third party policies contributed to the industry’s growth in the outgoing year, Group Managing Director, Cornerstone Insurance Plc, Ganiyu Musa has said. He spoke with select reporters in Lagos. He said the regulatory interventions corrected the pricing ofRead More …

Insurers step up Brexit plans in absence of clarity

Insurers step up Brexit plans in absence of clarity

Insurers in the United Kingdom (UK) accessing business in the European Union (EU) are making arrangements to ensure that they are able to provide insurance services in the other 27 EU countries post Brexit, it was learnt. The ability to continue to conduct cross-border business is a particular concern for Lloyd’s, the London market andRead More
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Insurers embracing merger, acquisition, says report

Insurers embracing merger, acquisition, says report

INsurers are turning to merger and acquisition (M&A) in their search for profit, a report by A. M. Best has shown. The report, was made available to The Nation in Lagos by the firm’s Director, Market Development & Communications, Dr. Edem Kuenyehia. M. Best, a global rating agency, stated that insurers were finding it difficultRead More
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