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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 […]

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 […]

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 […]

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 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 […]

The ultimate form of insurance is the one that secures your health and wellbeing. Since accidents account for millions of deaths and injuries around the world, personal accident insurance is one of the wisest policies to purchase. Personal accident insurance compensates you financially for injuries due to an accident. It has a huge potential benefit, […]

The process of insurance involves different transactions between the insured, insurer, brokers, and reinsurer. Depending on the parties involved, credit and debit notes are shuffled back and forth to indicate transactions. Also, as any one of the parties, it is necessary that you understand the importance of these notes, and where they are applicable. This […]

A lack of in-depth knowledge and scope of insurance is one of the major problems the industry faces in Nigeria. The average man does not know about insurance, let alone its nitty-gritty and overall importance. However, to ensure they still benefit from insurance, the government put in place certain policies. These policies are compulsory for […]

At inception, the nature and cost of insurance was such that low-income families could not benefit from it.  Insurance was, in a way, limited to the wealthy, which eventually became a problem that had to be solved. To remedy this, micro insurance was introduced, which is a policy that specially caters to low-income individuals and […]

The insurance industry is one of the most fast-paced industries in the world. This is because of its utmost significance in the mitigation of risks and promotion of trade and commerce activities which results in socio-economic development. Thus the insurance sector plays an important role in the economic growth of any Nation’s economy. This article […]