General Insurance

Cyber insurance is a relatively new form of insurance as opposed to its Life and Health variants. Other novel types could include Engineering Insurance and Device Insurance.  With the alarming rate of cyber attacks and threats, cyber insurance is becoming more prominent as a measure to cover the loss and damage of cyber intrusions. This […]

Reporting an insurance loss can seem complicated just thinking about it. You recently had a car accident or some other kind of loss to one of your vehicles, your loved one, or your business. And you’re wondering… Should I submit a claim to my insurance company or not? Will there be any negative consequences? Will […]

Insurance is the transaction of exchanging money for risk transfer. When this transaction goes through, they compensate you should any damages come to your insured asset. Now, in a more professional statement; it means exchanging insurance premium for risk transfer. The money you pay to purchase insurance is called an insurance premium. In this article, […]

When it comes to insurance, no other word quite packs a punch. Insurance is a tricky subject because while it is a popular concept, there is still a lot that is not clear to most people. In his article, we will demystify insurance and the insurance industry in Nigeria, providing you with information on all […]

The claim settlement is the final stage of the claim process in insurance. At this point, the claim has been notified by the insured, all parties involved have carried out their respective duties. The insurer can settle claims that arise and accepted under the terms of the insurance contract in the following ways: Let us […]

Reinsurance is essentially a specialist form of insurance transacted between professionals; hence many of the principles and practices applying to the conduct of insurance business equally apply to reinsurance. However, some principles have a different application in reinsurance A simple definition of reinsurance, therefore, is that it is the acceptance by an insurer, known as […]

Keeping your policy intact makes you eligible for all the benefits embedded in your insurance policy.
Read on to find out how to keep your policy active

There is a saying that goes “The greatest oak was once a little nut who held its ground”.  Put more contextually, the growth of the greatest stories and brands of the world ties back to an origin. Evolution precedes even the greatest mythologies and medieval practices. The insurance industry in Nigeria similarly stems from years […]

The Nigerian Stock Exchange [NSE] is the state’s financial body saddled with the responsibility of regulating stock trading and cash flow. The Securities Exchange Commission regulates the NSE. Since it began formal operations in 1961, The Nigerian Stock Exchange has since contributed to the growth of Nigeria’s economy through securities and stock trade. Here, we […]

Why do I need to buy an Insurance policy? What is the reason people buy insurance policies? What are the benefits of Insurance policies in Nigeria? Truth is that many people conveniently ignore the ramifications of that it would mean if suddenly for some reason or the other, we were to die and leave loved […]