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News
Nigeria: New collaboration aims to improve aviation insurance regulation
3+ day, 1+ hour ago (366+ words) National Insurance Commission (NAICOM) and the Nigeria Civil Aviation Authority (NCAA) have collaborated to advance the coordination of framework for regulatory compliance in the aviation sector in Nigeria. “This occasion represents not only the strengthening of institutional cooperation, but also…...
Mutual Benefits drives growth post-recapitalisation, expanding protection across Nigeria
4+ day, 19+ hour ago (369+ words) For more than 30 years, Mutual Benefits Assurance Plc has built its reputation on a simple promise of being there for Nigerians when protection matters most. From safeguarding families and businesses to protecting assets and supporting long-term financial goals, the company…...
Cameroon Warns 20 Insurance Brokers Over Regulatory Breaches
5+ day, 7+ hour ago (267+ words) Cameroon’s Finance Ministry has formally warned 20 insurance brokerage firms and their executives over regulatory breaches, less than three months after authorities withdrew the licenses of 31 other brokers as part of tighter oversight of the industry. Finance Minister Louis Paul Motazé…...
Nigeria's biggest insurance firm, NICON loses licence, taken over by receiver manager
6+ day, 17+ min ago (523+ words) Nigeria’s biggest insurance company, National Insurance Corporation of Nigeria, NICON, has finally lost its operational licence and has been taken over by a Receiver Manager. The operational licence of NICON – owned by the Federal Government and established in 1969 by Decree…...
Over 36m small businesses at risk as only 3.17m Nigerian MSMEs hold insurance coverage
1+ week, 1+ day ago (450+ words) Over 36 million Micro, Small, and Medium Enterprises (MSMEs) in Nigeria are exposed to catastrophic operational risks and economic shocks, as findings from the Insurance Sector Strengthening Programme (ISSP). reveal that only 3.17 million – eight per cent, out of the country’s 39.65 million…...
The Accra Daily Mail explains why Ghana's brokers are your best-kept financial secret
3+ week, 14+ hour ago (383+ words) Second, brokers negotiate better terms. Because they work with multiple insurers, they know what is available in the market. They can negotiate competitive premiums and favourable terms on your behalf. The IBAG president stressed that "using a broker often helps…...
Guinea Insurance Completes Recapitalisation, Targets New Growth Opportunities
3+ week, 5+ day ago (421+ words) Guinea Insurance Plc has completed its recapitalisation programme, marking a major milestone in its efforts to strengthen its financial position and expand its capacity within Nigeria’s increasingly competitive insurance market. The insurer disclosed the development on Friday, stating that it…...