Leading insurtech startup Gamp has announced its partnership with one of Nigeria’s leading insurance companies, Leadway Assurance, to deliver Africa’s first insurance, after-sales support, and repair services for devices in Nigeria.   The partnership announced by the organisations is aimed at providing device insurance for individuals and businesses. The device insurance plan covers the cost […]

Dividends to Depositors and other stakeholders of 20 Banks In-Liquidation following impressive recoveries from debtors and realisation of assets of banks in liquidation,   the   Nigeria   Deposit   Insurance   Corporation   (NDIC)   has   announced declaration   of  N16.18   billion   liquidation   dividends   to   depositors,   creditors   and shareholders   of   20   banks   in-liquidation.   To   this   end,   the   Corporation   has commenced verification […]

Tune Protect EMEIA (“Tune Protect”) has entered into a strategic partnership with Leadway Assurance Company Limited. The leading digital travel technology facilitator in the Europe, Middle East India & Africa, partners the leading insurance company in Nigeria along with Tune Protect Re, Malaysia, to cater to various travel and lifestyle assurance products via the digital […]

  …..Develops Flexure To Bridge Penetration Gap     AIICO Insurance Plc has lamented the low insurance penetration in the country, advocating increased digital sales of insurance products and services to close the huge gap.   According to the company, Nigeria with over 200 million people only has an insurance penetration rate of 0.5 percent. […]

The MSECB, a leading international provider of Audit and Certification Services has granted the Nigeria Deposit Insurance Corporation (NDIC) three ISO certifications namely: Information Security Management System ISO/IEC 27001:2013 (on how organizations manage and protect their information assets so that they remain safe and secure, using this robust framework); IT Service Management System ISO/IEC 20000-1:2011 (on how to ensure effective and resilient services in today’s changing service delivery environment); and Business […]

AIICO Insurance Plc, a prominent entity in Nigeria’s insurance industry, is set to hold its annual training for members of the Nigerian Association of Insurance and Pension Editors (NAIPE). The annual training, which is the third in the series, serves as a forum to intimate NAIPE members on recent developments in the insurance and pension […]

The Emir of Kano, Alh. Aminu Ado Bayero has urged Nigerians to embrace insurance as a way of relieving loss, especially in businesses and property loss. The Emir stated this when the Management of the Commission led by the Commissioner for Insurance, Olorundare Sunday Thomas paid a courtesy visit to the Emir’s Palace in Kano […]

Heirs Insurance Group, one of the fast growing insurance companies in Nigeria, has cliched the award for the 2023 Most Outstanding Insurance Group in Nigeria at the recently held Marketing Edge Brands and Advertising Excellence Awards in Lagos on Saturday, September 16, 2023. The recognition is a testament to the Group’s astronomic growth in the last two years of its existence, widespread acceptance in the Nigerian marketplace and […]

As part of the National Insurance Commission’s drive to sensitize stakeholders on the benefits of compulsory insurances (Public Buildings and Buildings Under Construction, 3rd Party Motor Insurances amongst others), the Commissioner for insurance and a delegation from NAICOM paid a courtesy visit on the Executive Governor of Nasarawa State His Excellency Engr. Abdullahi A. Sule […]

  As the official Liquidator of the failed Banks in Nigeria, the Nigeria Deposit Insurance Corporation (NDIC), in line with its mandate wishes to inform the depositors & ex-staff (deposits) of defunct Peak Merchant Bank that it hasconcluded preparations to pay their first liquidation dividend. According to a release signed by the Director, Communication and Public Affairs, NDIC, Bashir A. Nuhu, the verification exercise would enable […]