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: Payment of […]
General Insurance
What is Reinsurance
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 […]
What is an Insurance Proposal Form
A Proposal form is the most essential and fundamental document required for an insurance contract between a prospective customer and the insurance company. It includes the customer’s necessary information like name, address, age, education, occupation etc. It can also include the person’s medical history.in some cases
How To Keep Your Insurance Policy Intact
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
Brief History of Insurance in Nigeria
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 […]
List of Insurance Companies on The Nigerian Stock Exchange
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 […]
10 Reasons Why You Need An Insurance Policy
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 […]