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News
AIICO moves to court to defend reputation, integrity amid allegations
3+ week, 9+ hour ago (413+ words) AIICO Insurance Plc has moved to protect its corporate reputation and business integrity after what it described as a sustained campaign of false and misleading allegations by a former agent, Obinna Adolphus Nwosu. The insurer said Nwosu, whose agency appointment…...
Prestige Assurance pays N15bn claims as insurance revenue rises by 28.3%
3+ week, 3+ day ago (440+ words) L-R: Umesh Rathod, managing director/CEO; Funmi Oyetunji, board chairman; and Chidinma Ibe-Lious, company secretary, all of Prestige Assurance Plc during its Annual General Meeting held in Lagos Underwriting firm, Prestige Assurance Plc, paid N15.53 billion in claims to policyholders in…...
Insurance sector reforms: An overview of the oversight obligations of the board of insurance companies in Nigeria
3+ week, 4+ day ago (970+ words) Business News Nigeria - Insurance sector reforms: An overview of the oversight obligations of the board of insurance companies in Nigeria Despite its huge potential, the Nigerian insurance sector has been dogged by low public trust, undercapitalisation, and perceived slow or…...