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Risk is an inseparable element in our lives and in the world. Ever since the dawn of civilization, risk management had become a necessity. Innovators attempted to develop a scientific risk management scheme.  Finally, in the 17th Century, they had a breakthrough and they presented us with Actuaries. Actuaries function in all sectors and aspects […]

On purchase of insurance, they issue us a contract signed by the two parties – you and your insurer. We should keep this contract in uttermost confidence, as it is our legal ground for claims and bridge of contract. However, when required to show proof of insurance to third parties, brandishing your contract might not […]

Insurance involving a lot of paperwork and physical meetings is quickly becoming a thing of the past. This is because of emerging technologies trends in the insurance industry. There are quite a number of opportunities in the insurance world and always jobs in demand Today, you are one click away from purchasing insurance on your […]

Insurance doesn’t just prepare a person for unexpected unpleasant surprises, it can guarantee a stable financial strength for the future. In other words, apart from auto, life, health, business, etc, one can also insure for the financial future. This is what Annuity Insurance is all about. What is Annuity Insurance? An annuity is a long-term […]

 The purpose of getting yourself insured is to guarantee compensation for specified loss, damage, illness, or death. It is important for you to prepare against any eventualities, and when doing this, you want to do it right. Unfortunately, many people dabble into insurance agreements without equipping themselves with sufficient knowledge as to how it works; […]

Heard about insurance? Then you should be familiar with the overall idea of risk mitigation or transfer. However, going a little deeper into the different insurance, there is a particular type called the Contractor all risk insurance (CAR). Although it operates as ordinary insurance would, they design it to provide cover for the primary risks […]

Although one of the most profitable businesses you can engage in today, agriculture is also very volatile. From farm produce to crops and livestock, a disease could ruin millions or a flood destroy seedlings. Therefore, what’s certain is that you need a way to mitigate risks and save costs in case of eventualities. Therefore, you […]

In today’s world, many employers take advantage of employees through poor working conditions, health benefits, and no security. You do not have to literally work under harsh conditions like in a factory for an employer to take advantage of you Standing up is difficult for many and is the reason the Nigeria Social Insurance Trust […]

Insurance is all about providing financial compensation in the event of an insured loss. As an employee, your life is most valuable, which is why the Pension Reform Act, 2014 was in place.  Employer’s liability insurance in Nigeria provides compensation for the family of employees, in case of untimely death, disappearance, or disability while in […]

Although insurance is common and subscribed to by many industries with high-risk operations. However, there remains most small to medium-sized enterprises (SMEs) that cannot afford insurance. This led to the emergence of micro-insurance in Nigeria. Microinsurance explained Micro-insurance is the protection of low-income earners against certain risks. It operates like regular insurance and requires regular […]