Although the topic of insurance might be common to people in the corporate world and even society, the question of what are insurance agencies and insurance companies could be hard to distinguish. Therefore, many can’t tell if an insurance agency is different from an insurance company, or which is better to go to for insurance. […]
Business interruption insurance in Nigeria
The nature of running a business is such that it is unpredictable with lots of different outcomes each day. Also, although you could read market indications and predict possible outcomes, you can’t exactly plan for civil unrest or disaster. Sadly, when these things happen, you lose money the more it stays unresolved. However, the best […]
Chartered Institute of Insurance in Nigeria
Growth is essential for any profession. It is what makes you different from every other person. The Chartered Institute of Insurance of Nigeria (CIIN) is a professional body in Nigeria. They cater to the membership needs of insurance practitioners in Nigeria. CIIN achieves this by providing its students with a platform for learning and development. […]
Aviation insurance in Nigeria – What you should know
Aviation insurance is one of the most valuable types of insurance due to the risk associated with flights. When there is a crash, many times, goods and all passengers are lost in the unfortunate incidence, leaving you both at a loss of money and lives. With aviation insurance, you can secure your valuables when transporting […]
Medical Insurance – How it works in Nigeria
Medical insurance is one a very important, yet vague part of the industry, especially in a country like Nigeria. Essentially, the average citizen isn’t really bothered about insuring himself, but rather focuses on valuable properties. However, life remains our greatest asset, and consequentially the medical aspect of insurance. In recent times, making health insurance compulsory […]
Types of insurance companies you should know
There are many top-quality insurance companies in Nigeria, with their different specialities in the industry. However, we can more accurately capture them according to their different areas of focus. In this article, you would find out the types of insurance companies in Nigeria, based on their categories. Types of insurance companies in Nigeria Their coverage […]
How to enforce and legalize insurance contract in Nigeria
Insurance is the legal way of transferring risk from one party to another. It involves an agreement between three parties (including the agent), wherein they transact, and exchange premium for coverage. However, due to the nature of the industry, insurance contracts are legal and binding and can be enforced in case of defaulters. Also, the […]
Insurance Associations you Should Know in Nigeria
Insurance is a very important aspect of any economy to the citizens of the country, especially in their personal and business life. However, it is necessary that we put certain regulation bodies and associations in place to guide insurance transactions. These bodies ensure the enforcement of rules and regulations guiding insurance and also look out […]
Business Insurance – How to get business insurance in Nigeria
Before we delve into Business Insurance, let’s talk about what business entails. Being an entrepreneur can be daunting. From getting business ideas for a solution to getting enough funds, and the right people that believe in your business can sometimes be overwhelming. Starting your own business (either small or big) is a big, scary step […]
Guide to Life Insurance: Meaning and Types of a Life Insurance Policy
Life insurance policy is a contractual agreement between a policyholder and an insurance company. The insurance company is the insurer who promises to pay an appointed beneficiary a sum of money, upon the death of the policyholder. The policyholder in exchange for this service pays a premium. Life Insurance Policy Types The life insurance policies […]