The National Insurance Commission (NAICOM) has said from January 1, 2023, private third-party motor insurance policy premiums will be N15,000 as against the N5,000 present rate. The approval was contained in a circular entitled; New Premium Rate for Motor Insurance: numbered: NAICOM/DPR/CIR/46/2022, dated, December 22, 2022; signed by the Director, Policy, and Regulation, NAICOM, Leo […]
Insurance industry players said they recorded a premium income of N532.7 billion in the first three quarters of the year despite concerns about the bad economic situation in the country.
The transactional activities of the Nigeria Inter-Bank Settlement System Plc (NIBSS) which was incorporated in 1993 at the instance of its rising call for essential services and is co-owned by all licensed banks
This treatise advances with a reality check. Developed and emerging countries are confronted with serious socio-economic challenges, which so far, are yet to effectively and systemically respond to unique policy interventions..
Akin Ogunbiyi is the Group Chairman of Mutual Benefits Assurance Plc. In this interview with FEMI ADEKOYA, he talks about the insurance industry and the challenges undermining the potential of the sector