#EndSARS: 25 insurance companies to pay N20 4bn claims punchng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from punchng.com Daily Mail and Mail on Sunday newspapers.
By Rukayat Adeyemi
Lagos, March 2,2021 The Governing Board of the Nigerian Council of Registered Insurance Brokers (NCRIB) on Tuesday approved the appointment of Mr Tope Adaramola as the Executive Secretary/Chief Executive Officer of the Council.
A statement released by the council in Lagos stated that Adaramola would take over from Mr Fatai Adegbenro, who retired from the Council in May .
Adaramola is currently the Deputy Executive Secretary of the Council and joined the NCRIB in 2004 as the pioneer Public Relations Manager.
A 1989 graduate of Political Science and Industrial Relations (MILR) from the University of Ibadan, Adaramola had earlier worked as a reporter with Ogun Radio, Abeokuta.
The erstwhile Chairman, Nigerian Institute of Public Relations (NIPR), Ogun State Chapter, Nigeria, Mr Tope Adaramola has been appointed as the Executive Secret
Punch Newspapers
Sections
The insurance sector’s assets rose by N410bn in one year as the industry attracted new investors;
NIKE POPOOLA
reports
Despite the impact of COVID-19 pandemic on the economy, the insurance industry attracted some investments that boosted its assets, investigation has shown.
Many of the underwriting firms started sourcing for foreign investors to bring in new capital since the National Insurance Commission ordered the firms to beef up their capital requirements in 2019.
Figures obtained from the Central Bank of Nigeria’s report on ‘Insurance sector (general and life) consolidated balance sheet’ revealed that the industry’s asset rose by N410bn from N1.41tn as of the end of third quarter of 2019 to N1.82tn as of the end of third quarter of 2020.
By Ebere Nwoji
The federal government has said it will ensure the full implementation of the ECOWAS Brown Card Insurance Scheme to guarantee prompt compensation to victims of road accident within the sub-region.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, stated this while speaking at the inauguration of Mr. Ganiyu Musa, as the Chairman of Council of Bureaux, ECOWAS Brown Card Insurance Scheme, in Abuja recently.
She noted that the existence of the scheme and its effective implementation would stimulate integration of the West African regional block preparatory to the full implementation of the African Continental Free Trade