Life insurance is certainly one of the most important insurance you can ever purchase. Basically, it ensures your family is duly compensated financially, depending on your contract in your demise. However, life insurance has its intricacies and without the right information, you can end up spending way more than you could have. Therefore, in this […]
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8 points you should note when renewing your health insurance
With the rapid increase in the cost of health care, it is wise for every individual to get a health insurance policy. Health insurance helps you cover the cost supposing you have a medical emergency. Furthermore, it protects you from unexpected expenses. However, health insurance is usually proffered as one-year contracts and need a renewal […]
7 important policies your company needs
Running a business comes with several ups and downs that could really turn things sour if not taken care of. Therefore, you need to make the right decisions that are in the best interest of the business to protect it. One of the best protections you can provide for your business is insurance, ensuring that […]
Insurance premium in Nigeria explained – Meaning and everything you should know
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, […]
Top 10 health insurance companies in Nigeria
Health insurance is arguably the most important type of insurance that anyone could have. This is because it secures life itself, providing financial assistance in meeting medical bills and other high costs. Furthermore, for the best service, it is important that you stick to the best providers. Check out this list of the top 10 […]
List of registered insurance brokers in Nigeria – 2024 updated
As you should already know, we cannot overstate the immense contribution the insurance industry has towards the growth and development of any Nation. As a matter of fact, the insurance business is the only existing business that helps to protect other businesses from potential risks. Furthermore, the insurance industry has a very organized structure with […]
Retail insurance in Nigeria – What you should know
The value of the insurance industry as a whole has been on an epic rise, largely contributing to the growth of the world’s economy. In Nigeria, the insurance industry is valued at around N300 billion, with over 50 insurance companies presently registered. Retail insurance is one of the strong arms of insurance, as it caters […]
Gross premium income in insurance explained
The gross premium income is essentially an income statement that shows the total sum that an insurer has earned from premiums. Basically, it does not include any sums that are not paid or will be paid outside those premiums. They are very important in determining the income of an insurer and do not take into […]
Oil and gas insurance – Everything you should know
Although the oil and gas industry is one of the most profitable to work in, it remains one of the most dangerous too. Most times, single onsite negligence could lead to the loss of many lives, including those with no idea what was happening. Therefore, this makes working in the industry very sensitive, and oil […]
Co-Insurance in Nigeria – All You Should Know
The insurance industry has several concepts that are important you must familiarize yourself with. The advantages of understanding these concepts and how they work are very many. It updates you about how everything works in the insurance industry, but you will also be able to choose the right financial plan. In this article, the concept […]