The National Insurance Commission (NAICOM) has hailed the passage of the new Insurance Consolidated Bill by the Senate and is optimistic that the legislation will unlock the growth, prosperity and potential of the insurance sector. In a statement on Tuesday, NAICOM said the bill’s passage has marked a significant milestone in the country’s efforts to revamp the insurance industry after …

The President, Nigeria Council of Registered Insurance Brokers, Babatunde Oguntade has disclosed that proper utilisation of insurance policies in Nigeria could help reduce the menace of out-of-school children. Speaking at the investiture of the 14th Western Area Committee Chairman of the council, Gafaar Akindele in Osogbo on Thursday, he said embracing insurance policy reduces risks in all sectors. According to …

Bendel Insurance and RS Berkane played out a 2-2 draw in the first leg of the CAF Confederation Cup second-round clash in Benin City on Saturday. The hosts dominated the game from the start and got their reward in the 28th minute when Imade Osarenkhoe slotted home after RS Berkane’s goalkeeper spilled Benjamin Tanimu’s shot. Hamza El Moussaoui equalised for …

Last week, I passed by the ever-busy Computer Village and saw shop after shop loaded floor to top with laptops. I thought to myself, what happens if there is an incident, say fire? Do they have insurance? I shuddered to think of the sheer loss. Insurance, experts insist, has the potential to transform the economy. The bulk of Nigerians respectfully …